Synopsis: High-interest savings accounts are becoming a popular trend in 2026, with banks now offering up to 8% interest on select balance slabs. These savings accounts offer higher returns than the normal bank accounts that are offering 2.5% – 3%.
Many Indian savers are upgrading from saving in a traditional bank account to better returns on their savings without compromising on the ease of access. There are some small finance banks that are now offering savings account interest rates of between 6% and 8% per annum on balance slabs, which is much higher than the savings account interest rates offered by the conventional banks. Also, DICGC guidelines help protect deposits up to ₹5 lakh per depositor.
1. ESAF Small Finance Bank
- Highest interest slab: Above ₹50 crore
- Interest payout frequency: Monthly
- Maximum savings interest rate: Up to 8.00% p.a.
- Applicable for: Resident, NRO, and NRE Savings Bank Accounts
- Savings Account Interest Rates:
- Up to and including ₹2 lakh – 3.00%
- Above ₹2 lakh and up to ₹5 lakh – 5.50%
- Above ₹5 lakh and up to ₹15 lakh – 6.00%
- Above ₹15 lakh and up to ₹1 crore – 6.50%
- Above ₹1 crore and up to ₹15 crore – 7.00%
- Above ₹15 crore and up to ₹50 crore – 7.50%
- Above ₹50 crore – 8.00%
2. Suryoday Small Finance Bank
- Highest interest slab: ₹5 crore to ₹25 crore
- Interest payout frequency: Monthly
- Maximum savings interest rate: Up to 7.60% p.a.
- Applicable for: Resident, NRO, and NRE Savings Bank Accounts
- Savings Account Interest Rates:
- Up to and including ₹1 lakh – 2.50%
- Above ₹1 lakh and up to ₹5 lakh – 2.50%
- Above ₹5 lakh and up to ₹10 lakh – 5.50%
- Above ₹10 lakh and up to ₹25 lakh – 6.50%
- Above ₹25 lakh and up to ₹5 crore – 7.50%
- Above ₹5 crore and up to ₹25 crore – 7.60%
3. Ujjivan Small Finance Bank
- Highest interest slab: Above ₹25 crore
- Interest payout frequency: Quarterly
- Maximum savings interest rate: Up to 7.10% p.a.
- Savings Account Interest Rates:
- Up to and including ₹1 lakh – 2.50%
- Above ₹1 lakh and up to ₹5 lakh – 3.00%
- Above ₹5 lakh and up to ₹10 lakh – 5.50%
- Above ₹10 lakh and up to ₹10 crore – 6.50%
- Above ₹10 crore and up to ₹25 crore – 6.75%
- Above ₹25 crore – 7.10%
4. DCB Bank
- Highest interest slab: ₹25 lakh to ₹50 lakh
- Interest payout frequency: Quarterly
- Maximum savings interest rate: Up to 6.85% p.a.
- Applicable for: Resident, NRO, and NRE Savings Bank Accounts
- Savings Account Interest Rates:
- Up to ₹1 lakh – 1.50%
- Above ₹1 lakh and up to ₹5 lakh – 2.25%
- Above ₹5 lakh and up to ₹10 lakh – 3.75%
- Above ₹10 lakh and up to ₹25 lakh – 5.75%
- Above ₹25 lakh and up to ₹50 lakh – 6.85%
- Above ₹50 lakh and up to ₹2 crore – 6.70%
- Above ₹2 crore and up to ₹10 crore – 6.60%
- Above ₹10 crore and up to ₹300 crore – 6.00%
- Above ₹300 crore – 5.50%
Also read: How TDS Works on Property Transactions Above ₹50 Lakh: Rules, Process & Penalties Explained
5. AU Small Finance Bank
- Highest interest slab: ₹25 crore to ₹100 crore
- Interest payout frequency: Monthly
- Maximum savings interest rate: Up to 6.75% p.a.
- Savings Account Interest Rates:
- Up to ₹1 lakh – 2.50%
- Above ₹1 lakh and up to ₹3 lakh – 2.50%
- Above ₹3 lakh and up to ₹5 lakh – 2.75%
- Above ₹5 lakh and up to ₹10 lakh – 3.50%
- Above ₹10 lakh and up to ₹25 crore – 6.50%
- Above ₹25 crore and up to ₹100 crore – 6.75%
6. IDFC FIRST Bank
- Highest interest slab: 3 lakh to 25 crore
- Interest payout frequency: Monthly
- Maximum savings interest rate: Up to 6.50% p.a.
- Savings Account Interest Rates:
- Up to ₹3 lakh – 2.50%
- Above ₹3 lakh and up to ₹25 crore – 6.50%
- Above ₹25 crore – 5.00%
7. RBL Bank
- Highest interest slab: 10 lakh to 7.5 crore
- Interest payout frequency: Monthly
- Maximum savings interest rate: Up to 6.00% p.a.
- Applicable for: Resident, NRO, and NRE Savings Bank Accounts
- Savings Account Interest Rates:
- Up to ₹1 lakh – 3.00%
- Above ₹1 lakh and up to ₹5 lakh – 3.00%
- Above ₹5 lakh and up to ₹10 lakh – 5.00%
- Above ₹10 lakh and up to ₹7.5 crore – 6.00%
- Above ₹7.5 crore and up to ₹100 crore – 5.50%
Top Banks Offering High Savings Account Interest Rates in 2026
Source: Official bank websites and latest published savings account rate sheets.
Why Are Small Finance Banks Offering Higher Interest Rates?
In general, the rates of interest of small finance banks are higher for their savings accounts to encourage deposits and customers. Such banks offer enhanced returns on the savings account balance and offer liquidity and digital banking services at par with the larger banks.
Things to Know Before Choosing a High-Interest Savings Account
- Most banks follow slab-based interest structures
- Higher interest rates usually apply only on larger balances
- Interest rates can change periodically
- Deposits up to ₹5 lakh are insured under DICGC guidelines
- Diversifying savings across multiple banks may help reduce concentration risk
Conclusion
In 2026, high-interest savings accounts have become more of a popular choice, with several banks providing much higher rates of return than their savings accounts. But savers have to compare and match the interest slabs, liquidity, and banking convenience before selecting the proper account.
Written by Ameet S
