Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompanies2012: Year of savings rate war?

    2012: Year of savings rate war?

    The year 2011 marked the beginning of a savings rate war with private sector lender, YES Bank leading the pack. Savers can now earn as high as 7% interest on their idle money on savings account held in the bank. It is easy for banks with smaller deposit base to hike savings rate a bit aggressively.

    December 26, 2011 / 09:04 IST

    Saikat Das
    Moneycontrol.com

    The year 2011 marked the beginning of a savings rate war with private sector lender, Yes Bank leading the pack. Savers can now earn as high as 7% interest on their idle money on savings account held in the bank. However, Yes Bank

    first published: Dec 24, 2011 11:24 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347