Yes Bank is a large and fast growing Indian private sector bank which offers one of the highest interest rates on its savings accounts.
With Yes Advantage Account, you earn 5.00% interest on deposits up to Rs. 1 lakh, 6.00% on deposits from Rs. 1 lakh to Rs. 100 lakhs, and 6.25% on higher amounts. This is marked quite high especially compared to other main Indian banks that normally offer 3.00% to 4.00%.
There is no annual fee for Yes Advantage account, but there is a minimum balance required of Rs. 10,000 to per month. Also, when opening the account you will be asked to deposit Rs. 12,000.
What is more, you receive a Yes Silver Debit Card without any charges. You can use the card to withdraw money at all bank ATMs for free or pay while shopping.
This account certainly offers all basic banking activities like bill payment facility, online banking and overdraw money.
For those looking to save with a high interest rate, Yes Advantage Account is a choice to consider. Also, for those looking to place larger sums and earn higher interest rate, it is a quite beneficial account.
Benefits:
Who is it for?
Yes Bank Savings Advantage is for Indian residents 18 years or older. Applicants should not have any other savings account at Yes Bank.
About Yes Bank:
Established only 10 years ago, Yes Bank is now already the fifth largest Indian private bank. It currently provides an extensive network of a thousand branches and 1,800 ATMs across all states of India. Yes Bank offers multiple personal banking products and is known for its highly attractive interest rates on savings accounts.
