5 Best All-in-One Savings Accounts

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Savings accounts are a great way to save funds for the future. Modern savings accounts are feature-packed and offer quick links to pay bills, make instant transactions, etc. to the account holder as soon as he/she logs in to the account. Various banks offer different savings accounts to fulfill the needs and requirements of their customers. To know which bank offers the highest interest rate on a savings account that has a wide ATM network, and offers personalized services, check out the 5 best savings bank account choices listed below.

ICICI One Account

ICICI Bank offers One savings account to customers between 18 to 59 years of age. With the ICICI One savings account, customers can not only earn interests on their deposits but also avail a number of additional benefits. Here are a few reasons why one should choose ICICI One Account – 

• 1+1 and 2+2 offers at selected leading restaurants in over 10 cities across India via Zomato Gold
• Amazon Gift Card worth Rs. 999 on spending Rs. 15,000 
• 15% discount up to Rs. 500 every month on Bigbasket
• Free health check-up for any family member with SRL Diagnostics
• Earn up to 3.00% for the end of the day account balance of below Rs. 50 lakh and 3.50% for the end of the day account balance of Rs. 50 Lacs & aboveNote: The interest rates are updated as on 3rd January 2023.
  

There are two variants of ICIC one savings account namely

• Magnum account that comes with a Monthly Average Balance of Rs. 1 lakh
• Platinum account that comes with a Monthly Average Balance of Rs. 2 lakh

Read more: ICICI Bank Savings Account

IDFC First Savings Account

IDFC First Bank offers a savings account that comes with numerous features and benefits to meet the requirement of customers. One needs to be an Indian resident and must have the Adhaar number, a mobile number linked with the Aadhaar and a Permanent Account Number (PAN) with him/her to be able to open IDFC First Savings Account. IDFC First Savings Account is the right choice for the people who are looking to earn interest income even without maintaining a monthly average balance. Earn up to 6.25% interest per annum on your savings account.

Note: The interest rates are updated as on 3rd January 2023.

IDFC First Savings Account offers two types of debits cards namely – 

• Signature Debit Card
• Classic Debit Card

Feature comparison of savings account debit cards 

Axis Prestige Savings Account

Axis Bank offers a wide range of Savings accounts that allow customers to choose the benefits and features that will suit them the most. Axis Bank has launched a unique savings account called Prestige Savings Account that not only gives users the power to earn interest over their deposits but also offers an exclusive Cashback Debit Card, which gives cashback on fuel, shopping and travels expenditure.

Here are some of the reason which gets Axis Prestige Savings Account in the list of All-in-One savings accounts for 2020 – 

• Earn up to 3.00% interest on balance less than Rs. 50 lakh and 3.50% on balance up to less than Rs. 10 crore
• Prestige cashback debit card that comes with numerous benefits like – 

1. 1. Cashback benefits worth Rs.1500 per quarter
   2. No issuance fee
   3. Higher ATM and POS withdrawal limit of Rs. 5 lakh each
   4. Free unlimited ATM transactions on Axis and non-Axis Bank ATMs

• 24*7 banking assistance by calling on the toll-free number 18005721888
• Free online NEFT/RTGS transactions
• Annual benefits worth Rs. 25,000
• Personal accident death cover of Rs. 10 lakh, air accident cover of Rs. 1 crore

Read more: Axis Bank Savings Account

Note: The interest rates are updated as on 3rd January 2023.

Kotak 811 Account

Kotak Bank offers a zero balance account called the Kotak 811 to its customers. Kotak 811 account is for single users, joint accounts cannot be opened with this bank account.  Kotak 811 is the right choice for people looking for a bank that gives the highest interest rate on savings account in India.

Kotak 811 comes in three variants namely –

• Kotak 811 OTB Based
• Kotak 811 Lite
• Kotak 811 Full KYC

Here are some of the features of Kotak 811 – 

• With Kotak 811 earn up to 3.50% interest p.a. on the savings account balance up to Rs. 1 lakh and 4.00% on savings account balance above Rs. 1 lakh
• Shop online with ease using the virtual Debit Card
• Free online transfer of funds using NEFT, IMPS or RTGS
• Request for a physical card through Kotak Netbanking or Mobile banking app and get it for Rs. 199 per year (including service taxes)
• No minimum balance is required for Kotak 811 account
• 3.50% interest on balance up to 1 lakh 
• 4.00% p.a. interest on balance over Rs. 1 lakh 

You can open Kotak 811 account in three simple steps-

Step1. Download Kotak mobile banking app 

Step2. Register using the Aadhaar number, PAN, and other personal details

Step3. Setup the mobile banking PIN and start using the account

Feature comparison of three Kotak 811 accounts

Read more: Kotak Bank Savings Account

Note: The interest rates are updated as on 3rd January 2023.

digiSavings Account

digiSavings Account offers paperless, signature-less and branchless banking using the Aadhaar and PAN. You can open the account by downloading the digibank e-wallet app and then convert it into digiSavings account. 

• With digiSavngs account, you can earn up to 6% interest rate on balance above Rs.1 Lakh and up to 2 Lakh
• Unlimited free withdrawals at over 2 lakh ATMs 
• Cashback of up to 10% on shopping from a wide range of online merchants
• Facility to make payments using the digibank application at all Bharat QR enabled stores and websites
• Cashless, contactless, PINless payments with the digibank debit card by just waving digibank debit card at a payWave-enabled machine to pay for transactions up to Rs. 2,000
• With digibank, purchase, track and redeem mutual fund investments

Read more: DBS Savings Account

Note: The interest rates are updated as on 3rd January 2023.

Conclusion

Savings account not only helps improve financial stability but also has various advantages. Above mentioned Savings Accounts are packed with benefits and offer good rates of interest too. Hence, you can choose any of the above mentioned Savings Accounts if you want to open a savings account.