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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.

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

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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.

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