A savings account is a deposit account
where you park surplus money. You can encash this amount at any time without
penalties. It is different from a checking account which you may use to fund
purchases, write cheques or for ATM withdrawals. This is why it is considered
to be one of the most liquid investments compared to regular ones. The best
banks understand the benefits of saving for the future for yourself and your
loved ones.
This is why they offer industry-best interest rates. One can save more and live
life to the fullest. The account is convenient to operate with an app. Look at other
perks and how much interest one can expect if they open a savings bank account.
High-Interest Rate on Savings Account
The top Indian bank offers interest up to 6% for a maximum balance of ₹50 lakhs. A high-yielding savings account can grow your …