rbl-bank-saving-account

Savings

Zero

6% *

Instant Free Credit Card

rbl-bank-saving-account

Digital Savings Account

Zero

7% p.a.**

Instant Free Credit Card

rbl-bank-saving-account

Savings

Zero

6.75% *

Instant Free Credit Card

High interest savings account

High interest savings account

When it comes to banking, savings account is probably the first interaction for most of us. And, just like we take time to pick our desired stuff, it is also important to select a high interest savings account wisely. Choosing the right savings account has its own significance as it is the first step towards the financial learning. With the help of right bank account, it would be easier for you to access your hard-earned funds from anywhere and at anytime. Besides this, it also helps you earn interest on the deposit balance, while keeping the funds safe.

Hence, it can be said that if you don’t research thoroughly before opening a savings account, it is possible that you might end up losing some good interest. Therefore, here are few handy tips to help you get hands on high interest savings account, so that you can enjoy dual benefits of complimentary services while making good interest on the deposits.

Shop around:
How many shops or malls you really explore before buying a piece of night-gown? Actually many, right. Then why you’re always in hurry when it comes to signing to a right bank account? No doubt, earlier shopping around for a right savings account was extremely hectic as you have to personally visit every bank, get quotes and then compare. But, thanks to the advanced technology that is quite convenient and easier to shop around without even leaving that comfy couch. Get account quotes online and compare to select a savings account with higher interest rates and other privileges. It is important to compare the rate of interest, complimentary perks, and other account terms. Without comparing the quotes, you’re ultimately shortchanging yourself.

Go for high interest account:
Savings account is a basic account that comes with some great privileges including high interest rates. Though it has always been a hot debate topic that savings account doesn’t offer interest rates as high as other investing avenues do come with. But, after the Reserve Bank of India deregulated interest rates, several banks now offer competitively high rates on savings account to lure the customers. Just any other sector, banking segment too needs compete each other and in the process, customer is benefitted with exciting offers and high rate of interest.

Go local:
Banking is something where you need one-to-one interaction, at least one or twice a year. Therefore, it is significant to choose a bank that has local presence for better reach and convenience. Consider a bank that has at least multiple branches in your city, so that you can conveniently pay a visit whenever the need arises.  

Check minimum balance criteria:
While there are several banks that have a criterion to maintain minimum average balance in the savings account and not doing so could invite certain penalty charges, it is advised to opt for an account that doesn’t block your funds under any such restriction.

Convenient banking options:
It is a sure thing that the banking sector has evolved to new heights in past few years. Today almost every bank offers internet and mobile banking facility to the accountholders in order to deliver better user experience. Therefore, while opting for a high interest savings account, it is also significant to consider online banking facilities that the bank will be offering. Also, make sure that the bank doesn’t charge anything extra in return to these advanced banking services.

Final words:
So, putting an end to the topic, it is advised to lookout for all these factors while opening a savings account online or offline. A little homework before opening an account would save you from conflicts or confusion in nearby future. The more transparent you remain with your needs, the better it would be for you and your financial management.

High interest savings account

When it comes to banking, savings account is probably the first interaction for most of us. And, just like we take time to pick our desired stuff, it is also important to select a high interest savings account wisely. Choosing the right savings account has its own significance as it is the first step towards the financial learning. With the help of right bank account, it would be easier for you to access your hard-earned funds from anywhere and at anytime. Besides this, it also helps you earn interest on the deposit balance, while keeping the funds safe.

Hence, it can be said that if you don’t research thoroughly before opening a savings account, it is possible that you might end up losing some good interest. Therefore, here are few handy tips to help you get hands on high interest savings account, so that you can enjoy dual benefits of complimentary services while making good interest on the deposits.

Shop around:
How many shops or malls you really explore before buying a piece of night-gown? Actually many, right. Then why you’re always in hurry when it comes to signing to a right bank account? No doubt, earlier shopping around for a right savings account was extremely hectic as you have to personally visit every bank, get quotes and then compare. But, thanks to the advanced technology that is quite convenient and easier to shop around without even leaving that comfy couch. Get account quotes online and compare to select a savings account with higher interest rates and other privileges. It is important to compare the rate of interest, complimentary perks, and other account terms. Without comparing the quotes, you’re ultimately shortchanging yourself.

Go for high interest account:
Savings account is a basic account that comes with some great privileges including high interest rates. Though it has always been a hot debate topic that savings account doesn’t offer interest rates as high as other investing avenues do come with. But, after the Reserve Bank of India deregulated interest rates, several banks now offer competitively high rates on savings account to lure the customers. Just any other sector, banking segment too needs compete each other and in the process, customer is benefitted with exciting offers and high rate of interest.

Go local:
Banking is something where you need one-to-one interaction, at least one or twice a year. Therefore, it is significant to choose a bank that has local presence for better reach and convenience. Consider a bank that has at least multiple branches in your city, so that you can conveniently pay a visit whenever the need arises.  

Check minimum balance criteria:
While there are several banks that have a criterion to maintain minimum average balance in the savings account and not doing so could invite certain penalty charges, it is advised to opt for an account that doesn’t block your funds under any such restriction.

Convenient banking options:
It is a sure thing that the banking sector has evolved to new heights in past few years. Today almost every bank offers internet and mobile banking facility to the accountholders in order to deliver better user experience. Therefore, while opting for a high interest savings account, it is also significant to consider online banking facilities that the bank will be offering. Also, make sure that the bank doesn’t charge anything extra in return to these advanced banking services.

Final words:
So, putting an end to the topic, it is advised to lookout for all these factors while opening a savings account online or offline. A little homework before opening an account would save you from conflicts or confusion in nearby future. The more transparent you remain with your needs, the better it would be for you and your financial management.

About us

Well, we have heard instructions from our elders to keep some cash readily available as emergencies can hit the door anytime with no warning or alert. In addition, till now we have definitely learned about the importance of following a good saving habit. Hence, while planning to open a savings account, make sure to do a thorough research to zero down on a scheme that suits best to your needs along with providing financial security in long-run.

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