Search

5 Tips to Choose a Better Savings Account

By SiliconIndia   |   Thursday, September 27, 2012   |    1 Comments
35
Separator
28
Separator
62
Separator
8
Separator
Print Print Email Email

Bangalore: Putting your money in a savings account may not yield you a higher return as various investment schemes provides. But then it is good to have a saving account as it provides a guaranteed and safe return. Even there are some savings account which offers higher interest rates and charges less for its services. Here are few tips to help you choose a better saving account, as reported by Economictimes.com

Interest Rates

The interest rates offered by the bank could be your concerns. Of course, it’s wise to choose the one with the highest rates. If you choose to open an open an account in Karnataka Bank, then you would receive a return of 4 percent a year for all amounts.

On the other hand, YES Bank provides 7 percent interest rate per annum for a balance of more than 1 lakh and 6 percent a year for balance of up to 1 lakh. Having a savings account is quite essential, as besides keeping your money safe, it also provides quick cash availability at times of need.

Also Check Out: 7 Banknotes Which Can't Be Faked


Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Previous
Next