What is savings bank interest in Canara Bank?
Canara Bank Savings Account Interest Rate
| Balance | Rate of Interest |
|---|---|
| Less than Rs.50 lakh | 2.90% p.a. |
| More than Rs.50 lakh to less than Rs.100 crore | 2.90% p.a. |
| More than Rs.100 crore to less than Rs.300 crore | 3.00% p.a. |
| More than Rs.300 crore to less than Rs.500 crore | 3.05% p.a. |
What is the minimum balance in Canara Bank saving account?
Rs. 1000
Which bank is best for savings account?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
What types of savings accounts do banks offer?
What Are the Types of Savings Accounts That Banks Offer?
- Basic Savings Account AKA Passbook Savings Accounts.
- A Money Market Savings Account.
- Online Savings Accounts.
- Automatic Savings Plans.
- Certificates of Deposit (CDs)
- Your Financial Goals.
Which account gives the highest interest rate?
Best Banks Offering Highest Rate on Savings Account
| Bank | Savings account | Rate of Interest |
|---|---|---|
| ESAF Small Finance Bank | Regular Saving Account | 4.00% to 7.00% |
| Yes Bank | Customizable Savings Account | 4.00% to 5.50% |
| South Indian Bank | Regular Savings | 2.35% to 4.50% |
| Axis Bank | Basic Savings Account | 3.50% to 4.00% |
What is a premium savings account?
These accounts reward you for meeting high minimum balance requirements and/or for relationship banking — having multiple accounts with the same financial services provider, like checking or savings accounts, credit cards, loans or investments. Sometimes premium checking and savings accounts are packaged together.
What is the maximum amount a savings account can hold in Nigeria?
The Most Amount of Money a Savings Account Can Hold in Nigeria
| Banks | Max Amount a Savings Account Can Hold |
|---|---|
| Guarantee Trust Bank (GTB) | N5,000,000 |
| United Bank of Africa (UBA) | |
| Zenith Bank Plc | |
| Fidelity Bank | N4,000,000 |
Which bank has the best savings account in Nigeria?
Best High Interest Savings Accounts in Nigeria
- Fidelity Bank High Yield Savings Account (HYSA Account) (as at 21st June 2021)
- Stanbic IBTC Max Yield Savings Account (MYSA)
- Access Bank HIDA Account.
- FCMB Premium Savings Account.
- UBA – UBA Target Account.
- GTBank Target Savings Account (GT-Target)
Which bank gives monthly interest on savings account?
Highest Banking Interest Rates
| Bank Name | Interest Rate | Minimum Balance |
|---|---|---|
| Axis Bank | 3.50% – 4.00% | NIL |
| DBS Bank | 3.00% – 4.00% | Average Monthly Balance of Rs. 5000 |
| India Post Office | 4.00% | Rs. 500 |
| Kotak Bank | 3.50% – 4.00% | Rs. 5,000 |
Which bank offers the best children’s savings account in Nigeria?
1. Smart Kids Save: This is the Guaranty Trust Bank savings account for children of 0 to 17 years old. The account is designed to create financial awareness in children and promote a savings culture from an early age.
Which bank is better in Nigeria?
Top 10 Best Banks In Nigeria
| Top 10 Best Banks In Nigeria | |
|---|---|
| #1 | First Bank Nigeria Plc |
| #2 | Access Bank Nigeria Plc |
| #3 | Guaranty Trust Bank Plc |
| #4 | Zenith Bank Plc |
Which bank is the richest bank in Nigeria 2020?
Top 10 Richest Banks in Nigeria by Asset Value
| S/N | Banks | Total Asset Value (2020 Financial Year) |
|---|---|---|
| 1 | Ecobank | ₦9.3 Trillion |
| 2 | Zenith Bank | ₦7.973 Trillion |
| 3 | Access Bank | ₦7.925 Trillion |
| 4 | First Bank | ₦7.243 Trillion |
What are the top 5 banks in Nigeria?
Top 5 banks in Nigeria
- Zenith Bank. Zenith Bank (Reuters) According to the ranking, Zenith Bank was the number one financial institution in Nigeria.
- Guaranty Trust Bank. GT Bank Logo.
- Access Bank. Access Bank [marketdigestng]
- United Bank for Africa. United Bank for Africa.
- First Bank of Nigeria.
What is the best bank in 2020?
Best banks and credit unions:
- Best overall, best for customer service: Ally Bank.
- Best overall, best for cash-back rewards: Discover Bank.
- Best overall, best for ATM availability: Alliant Credit Union.
- Best overall, best for overdraft options: One Finance.
- Best overall, best for rates: Varo Bank.