Why Not Mint Money

176: Why some banks are offering significantly higher interest rates on saving accounts?

Episode Summary

Fixed deposit returns have been falling steadily for some time, but some newer banks are offering very high-interest rates on savings bank accounts, in some cases even higher than FDs. But the rates are not locked in. We tell you how to evaluate the risks and rewards.

Episode Notes

Fixed deposit returns have been falling steadily for some time, but some newer banks are offering very high-interest rates on savings bank accounts, in some cases even higher than FDs. But the rates are not locked in. We tell you how to evaluate the risks and rewards.