In today’s competitive financial landscape, parking your money in the right savings account can significantly boost your earnings. While traditional savings accounts offer modest interest rates, several banks in India now provide high-interest savings accounts, enabling you to grow your money faster. Here’s a detailed guide to the best high-interest savings accounts in 2025.
Why Choose a High-Interest Savings Account?
High-interest savings accounts allow you to earn more interest on your deposits compared to regular savings accounts. Benefits include:
Higher returns on idle funds
Liquidity to access money anytime
Safety as deposits up to ₹5 lakh are insured under the DICGC
Easy digital management with modern banking apps
Top High-Interest Savings Accounts in India (2025)
1. ESAF Small Finance Bank
Interest Rate: Up to 8.00% p.a.
Eligibility: Balances above ₹50 crore
Highlights: Highest rates for large depositors; ideal for investors with substantial savings
2. Suryoday Small Finance Bank
Interest Rate: 7.50% p.a.
Eligibility: Balances above ₹10 lakh and up to ₹5 crore
Highlights: Competitive rates for mid to high-value accounts
3. Utkarsh Small Finance Bank
Interest Rate: 7.25% p.a.
Eligibility: Balances above ₹10 lakh and up to ₹10 crore
Highlights: Attractive returns for substantial balances
4. DBS Bank
Interest Rate: Up to 5.5% p.a.
Eligibility: Balances above ₹5 lakh and up to ₹50 lakh
Highlights: Seamless digital banking and competitive interest rates
5. IDFC First Bank
Interest Rate: 7.00% p.a.
Eligibility: Balances above ₹5 lakh and up to ₹50 crore
Highlights: High interest with zero charges on savings account services
6. RBL Bank
Interest Rate: Up to 7.15% p.a.
Eligibility: Balances above ₹50 lakh and up to ₹1 crore
Highlights: Competitive rates for high-balance accounts
7. Federal Bank
Interest Rate: 4.75% p.a.
Eligibility: Balances between ₹5 crore and ₹50 crore
Highlights: Reliable interest rates for ultra-high deposits
Comparison Table
| Bank | Interest Rate (p.a.) | Eligibility Criteria |
|---|---|---|
| ESAF Small Finance Bank | Up to 8.00% | Balances above ₹50 crore |
| Suryoday Small Finance Bank | 7.50% | Balances above ₹10 lakh and up to ₹5 crore |
| Utkarsh Small Finance Bank | 7.25% | Balances above ₹10 lakh and up to ₹10 crore |
| DBS Bank | Up to 5.5% | Balances above ₹5 lakh and up to ₹50 lakh |
| IDFC First Bank | 7.00% | Balances above ₹5 lakh and up to ₹50 crore |
| RBL Bank | Up to 7.15% | Balances above ₹50 lakh and up to ₹1 crore |
| Federal Bank | 4.75% | Balances between ₹5 crore and ₹50 crore |
Tips to Maximize Your Savings
Maintain Optimal Balance – Ensure your deposit meets eligibility criteria for the highest interest.
Minimize Withdrawals – Frequent withdrawals can reduce interest earned.
Leverage Digital Banking – Use apps for faster access and real-time updates.
Review Interest Rates Regularly – Banks may revise rates; switch accounts if necessary.
Consider Tiered Accounts – Some banks offer better rates on higher balances.
Conclusion
Selecting the right high-interest savings account in 2025 can significantly improve your returns. Banks like ESAF Small Finance Bank and Suryoday Small Finance Bank offer top-tier rates for large depositors, while DBS Bank and IDFC First Bank provide a balance of high interest and digital convenience.
Before choosing, consider your deposit size, liquidity needs, and digital banking preferences. Proper research ensures your money works harder for you while remaining safe and accessible.
Published on : 3rd October
Published by : SMITA
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