Which Bank Is Giving Highest Interest Rate?

What is the best savings account to open?

Excluding accounts with limited withdrawals or other restrictions, the best instant-access savings rate is 1.16% AER, offered by NS&I.

NS&I, Nationwide and ICICI Bank offer the next-best rate of 1% AER..

Which bank is best for savings?

DBS My Account. BEST FOR. First time account holders. … OCBC 360 Account. BEST FOR. Working adults. … Standard Chartered Bonus Saver. BEST FOR. High interest rates. … Bank of China Smart Saver. BEST FOR. Bonus interest rates. … Citi MaxiGain Savings Account. BEST FOR. Exclusive privileges. … DBS Multiplier Account. BEST FOR. Foreign transactions.

Which bank is best?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which bank has highest rate of interest?

Fixed Deposit Interest Rates by Different BanksBankTenureInterest rateICICI Bank7 days to 10 years4% to 7.25%Punjab National Bank7 days to 10 years5.70% to 6.85%HDFC Bank7 days to 10 years3.5% to 7.40%Axis Bank7 days to 10 years3.5% to 7.25%2 more rows•Jun 4, 2020

Which bank has highest savings interest rate?

Best High-Yield Savings Account RatesCiti – 1.10% APY.CFG Bank – 1.10% APY.Marcus by Goldman Sachs – 1.05% APY.Synchrony Bank – 1.05% APY.ableBanking – 1.05% APY.CIBC USA – 1.05% APY.Fitness Bank – 1.05% APY.AmBoy Direct – 1.05% APY.More items…

Which bank is safe for fixed deposit?

And these are State Bank of India (SBI), HDFC Bank and ICICI Bank. Only three for now. RBI may add to this list in future as better and stronger banks emerge. So you can say that these are the safest bank for fixed deposit in India.

Which deposit is best?

Fixed Deposit and Recurring Deposit are the most popular investment products in India, especially if you are looking for a risk free investment. One of the major advantages of making investment in a fixed deposit or recurring deposit is that there are fixed returns over a specified period of time with no risk involved.

Where can I put my money to earn the most interest?

10 low-risk ways to earn higher interest:Get over your fear of online banks.Consider a rewards checking account.Take advantage of bank bonuses.Check out high-interest, low-penalty CDs.Switch to a high-interest online savings account.Create a CD ladder.Consider a credit union.Try a fintech app.More items…•

Which bank is giving highest interest rate on fixed deposit?

croreLakshmi Vilas Bank1. crore and higher rates on deposits less than 1 croreLakshmi Vilas Bank is one of the highest interest offering banks and provides 7.80% for fixed deposits with a tenure of 450 days….Fixed Deposit Interest Rates 2020.BanksFD Interest RatesTenureAxis Bank3.50% – 6.75%7 days to 10 yearsIDFC First Bank4.00% – 7.75%7 days to 10 years5 more rows

Which bank is best for fixed deposit in 2020?

DBS. BEST FOR. Low minimum deposit. INTEREST RATES. … Maybank. BEST FOR. Promotions for online deposits. INTEREST RATES. … ICBC. BEST FOR. Short tenure. INTEREST RATES. … Hong Leong. BEST FOR. Considerate and fair conditions. INTEREST RATES. … CIMB. BEST FOR. Same interest rates for 3 months up to 1 year. INTEREST RATES.

What is better than fixed deposit?

Better than FDs Looking for an alternative for Fixed Deposits offered by Banks? … By investing FD-like instruments from high quality companies, these Funds can offer potential to earn better than FD returns if you are looking for low-risk investment option.