Lloyds first to launch open banking app for credit cards and savings
Customers of Lloyds Bank, Halifax and Bank of Scotland are the first to see their savings accounts and credit cards in one place, thanks to open banking technology, reports Jane Connolly. Users can now view all their accounts from the banking group in real-time alongside their current accounts, via their banking app. As other financial organisations More...
This bank is eliminating all fees from its checking and savings accounts — why you should tread cautiously
Discover DFS, +1.79% is eliminating fees for its deposit accounts — including checking, savings, money market or certificate of deposit accounts. But consumers looking to avoid fees should think twice before More...
Kotak Bank cuts interest rate on select saving accounts
Kotak Mahindra Bank on Friday reduced the interest rate on savings accounts with balance of up to Rs 1 lakh by 50 basis points (bps) to 4.5% per annum. The new rates will be effective from April 15, 2019. While More...
Savings accounts compared: SBI vs Bank of Baroda vs ICICI vs HDFC Bank
A savings account is one of the basic financial products that everyone must have. All the major banks including State Bank of India (SBI), Bank Of Baroda (BoB), Kotak Mahindra Bank, HDFC and ICICI Bank offer More...
Tax Saving FD: A better investment option for the risk averse to earn high return and save taxes
The tax-saving FD provides deductions under the Section 80C of the Income Tax Act, 1961. There are a plethora of tax-saving options in the market that can enable a customer increase savings and preserve wealth, More...
SBI links repo rate to savings account, loans
Mumbai: In a first, State Bank of India (SBI), the country’s largest lender, has linked savings account deposit and short-term loans to an external benchmark rate—repo rate. Repo rateis the rate at which More...
Want To Open A Zero Balance Savings Account? Here Are Your Options
A BSBD or basic savings bank deposit account is a type of zero balance savings A BSBD or basic savings bank deposit account is a type of zero balance savings account and does not require customers to maintain More...
Zero Balance Savings Account: What you can do to avoid banks’ hefty penalty
Most salary accounts are usually zero balance accounts as there are no charges required for non-maintenance of minimum account balance. It is usually mandatory to maintain a monthly average balance (MAB) in your More...
These Post Office Saving Schemes Offer 8-8.7% Interest Rates
Four of the 9 saving schemes offered by India Post fetch interest rates of at least 8 per cent or more. India Post or Department of Posts, which runs postal services in the country, also offers banking facilities. More...
Bank Accounts: 4 reasons why you must close your idle savings accounts
Although savings accounts do not have any annual maintenance charges, their linked-debit cards mostly come with annual fees. The steady penetration of banking services has led to a large section among middle More...