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What bank is good for a savings account in India?

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Floyd Smith

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Q: What bank is good for a savings account in India?
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How much is an account at beneficial savings bank?

To have an account at Beneficial Mutual Savings Bank you need to deposit at least$50. The interest is compounded daily. It has the best rates also. Good place to have an account.


Is it good to find a penny?

yes for saving in a piggy bank, no for savings account


Which bank provides the best interest on bank accounts?

There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.


How do I find a reputable Internet bank so that I can open an online savings account?

You can use a search engine to locate a reputable Internet bank that will give you an online savings account. However I suggest using a bank like BB&T (Branch Banking & Trust) to setup your online savings account, they are a solid bank offering good service. You can find them at: bbt.com


What are some good childrens savings accounts?

Often, parents open a children's savings account at their local bank. Since the parents already use the bank, the bank's policies are already familiar to the parents; therefore, parents generally feel more comfortable opening their child's account at the same bank. However, another good option for parents is the Capital One 360 Kid's Savings Account. With only a $25 minimum to open an account, this children's savings account offers parents an affordable solution to their children's banking needs.


Can you suggest a good bank name?

I have a savings account nicknamed "Family Fund" and a checking account nicknamed "Life Expenses" - KJ


Which bank offers good savings rates in Dubai?

Check out Emirates NBD bank. They have attractive interest rates on savings account i.e. higher the balance maintained, higher the interest rate you get. Apart from this they also offer free international ATM/debit card with some of their savings account.


Disadvantages of savings bank account?

Actually there are no disadvantages of having a savings account. Saving money is a good habit and keeping it in a bank account is even better because it will earn you an interest. The only downside is that the interest earned in a savings account is much much lesser than a fixed deposit but nonetheless the money is liquid and you can take it anytime you want, which isn't the case with a fixed deposit.


Do savings account holders access to loans?

Yes. Banks usually offer loans to anyone who is eligible to get one. If you have a savings account with the bank and have been a good customer, the chances of you getting the loan are significantly higher. But, just because you don't have an account, the bank cannot reject your loan application.


Does my bank offer a high interest savings account, and is it a good way to save my money?

You will have to check with your specific bank to see if they offer high interest savings accounts but most major banks do. A high interest savings account can be a great way to invest your money. One advantage you have with a high interest savings account over a certificate of deposit is that your money is available at no penalty if you need to withdraw it.


What is an axis bank usually good for?

An Axis Bank is good for getting savings account, a home loan, a car loan or other related services. Many people have had positive experiences with Axis Bank.


What kind of profit rates can I get from investment savings account of Emirates Islamic?

Emirates Islamic's investment savings account has good profit rates. They are given on its websites and on a quarterly basis or you could also check personally with the bank.