When you think about managing money, saving is the first thing that comes to your mind. A savings account is the most simple and basic tool to manage your personal funds. Savings account is a stable and reliable addition to any p*Rates are subject to change from time to time at the sole discretion of YES BANK.erson’s financial portfolio. It offers a repository to store wealth in liquid format to pay off uncalled expenses such as any kind of doctor bills, home maintenance charges, car repairs etc. while being able to get stable returns. Moreover, with a savings account online you can enjoy the expediency of 24-hour banking right away from your computer screen. Due to its easy accessibility and convenience, savings account have become a necessity for every individual.
At present, there are numerous banks that offer several types of savings accounts. Thus, the prospect of choosing the right type of savings account might seem confusing to many. Therefore, here are a few simple tips on how to find the best savings accounts:-
Interest on the Savings: - Different banks provide a variety of interests on savings accounts. Even a variance of 1.0 % in interest rates can make a huge difference in the long run. Certain banks, such as YES bank offer attractive interest rates* on savings account.
Accessibility: - If you have a savings account in a bank that has no branches near your home or office, there might be a delay in getting your money when you need it. It is also important to consider ATM transaction limits and the charges levied by the bank on it. While most banks offer free ATM services to their customers, the withdrawals from other bank ATMs would be charged. However, there are a few banks that offer free access to all ATMs regardless of the bank.
Range of Services: - A good banking experience calls for quick customer service. Services such as phone banking, net banking, financial tracking tools, and convenient mobile apps are essential for a complete banking experience. Such services will help you undertake banking activities on-the-go, thereby making your one-stop to manage all your financials.
Other benefits: - Many banks offer several significant benefits that will make your banking experience much more pleasant and convenient. Benefits such as free RTGS/NEFT service, free Demand Draft issuance, free bill payment facilities and single personal identification number (PIN) for all electronic channels such as internet, Mobile, Phone and ATM Banking.
* Savings Account interest rates are subject to change at the sole discretion of YES BANK. Conditions apply. For latest savings interest rate please click here