Saving account in banks are being used by most of us to keep the surplus money as liquidity of money is one of the key benefits in these accounts.
But in India the Saving interest rates offered by most of the banks are in the range of 4-5%.
However, recently there are few small banks who wanted to grow fast and are providing high interest rate saving accounts facility which is nearly equal to that of Fixed deposit/ Recurring Deposit( 6-7%) with other lucrative offers such as Zero balance account, Unlimted ATM transactions, Reward points etc.
Below are Best 5 Banks with High Interest rate in Saving Accounts
Source:Information collected from various bank websites.Bank Rates may change from time to time
Digi Bank by DBS latest saving rate could be find here
IDFC First Bank latest saving rate could be find here
RBL latest saving rate could be find here
Kotak Mahindra Bank saving rate could be find here
Yes Bank saving rate could be find here
These banks could be best option who wants to park their idle money for short term or as any emergency fund since the banks have high interest rate saving accounts facility & you have the real time liquidity of your savings which may not be the case other instruments like Fixed Deposit/Recurring Deposit.
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