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Interest Rates on Savings Account

Interest Rates on Savings Account

YES BANK’s unique saving accounts have been thoughtfully created while keeping your banking and saving needs in mind. With premium services and solutions, YES BANK provides you with a seamless banking experience like no other.

A common concern among people whose primary purpose for opening a savings account is stagnation – that the money is not being utilised fruitfully. With a savings account from YES BANK, your money will earn you a rate of interest at 6% per annum!

All of YES BANK’s savings accounts have a standard interest rate of 6% per annum. We have savings account for all your needs:

  • Customizable Savings Account

  • Savings Exclusive Account

  • Savings Select Account

  • Savings Advantage Account

  • Savings Value Account

  • Smart Salary Platinum Account

  • Smart Salary Exclusive Account

  • Smart Salary Advantage Account

Tax-Free Interest Income

Another common worry is that the money earned as interest in your account is often subject to hefty taxation. While money earned as interest is taxable, with a YES BANK savings account, you can save up to INR 10,000 with tax-free interest income.

Some of YES BANK’s accounts that offer this tax-free facility include the following:

  • The Savings Advantage Account

  • The Savings Value Account

  • The Smart Salary Platinum Account

  • The Smart Salary Executive Account

  • The Smart Salary Advantage Account, and more.

While YES BANK will track your annual interest for you, you can use the YES BANK interest calculator to track the rate of interest accrued by your savings account yourself.

Therefore, with any of YES BANK’s savings accounts, you are sure to save money as well as earn money through its attractive 6% annual interest rate.

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