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How to Compare & Choose the Best Savings Account?

How to Choose the Best Savings Account in a Bank?

Comparison of Different Banks Offering Savings Bank Accounts

In the following table, you will get a savings account comparison of different banks to help you choose one:

Name of the Bank Minimum Deposit Account Interest Rates
State Bank of India NIL 2.70%
Kotak Mahindra Bank ₹ 5000-₹ 10,000 3.50%
Axis Bank ₹ 10,000 3.00% to 3.5%
Bank of Baroda ₹ 500-₹ 1000 2.75% to 3.35%
Indian Bank ₹ 250 2.80%
UCO Bank ₹ 250-₹ 1000 3.5% to 4.00%
Bank of India ₹ 1000 2.75%
IDBI Bank ₹ 2500-₹ 5000 3.00% to 3.5%
HDFC Bank ₹ 2500-₹ 10,000 3.00% to 3.5%
ICICI Bank ₹ 1000-₹ 10,000 3.00% to 3.5%

Savings accounts are a lifesaver in times of need as they save up your money and also provide interest on it. Choosing the best savings account that resonates with your requirements is very important to have a financially stable life.

What is the Importance of Having a Savings Account?

FAQs about the Best Savings Bank Account