5.5% interest on savings account: Yes, this bank offers it without higher balance requirement
The Economic Times·2025-10-10 11:56
As per the Bankbazaar.com data, a 5.5% interest rate is the highest among all banks and small finance banks for deposits below Rs 1 lakh. This is a very rate offering as a large number of banks are also not offering this high interest rate even on FDs especially after RBI reduced the repo rate by 1% at the beginning of the year. This reduction by RBI led to banks in general reducing their interest rates on both fixed deposit and savings accounts. Build wealth plans that run on autopilot for life. Join ET’ ...