Unlock Maximum Growth: The Best Savings Accounts to Grow Your Money

A Savings Account is the foundation of financial security. But with multiple options available, choosing the right one for maximum growth can be overwhelming. Should you prioritize a high-interest rate, liquidity, or additional benefits? Let’s explore different types of savings accounts, their features, and which one can help you maximize your wealth.

Factors to Consider When Choosing a High-Growth Savings Account

Before selecting a savings account, you should evaluate the following factors:

1. Interest Rate

One of the most critical aspects of any savings account is the interest rate. Higher interest rates result in better returns over time. With Ujjivan Small Finance Bank, you can earn up to 7.50%* p.a. on your Savings Account balance. *T&C apply.

2. Convenience

In this day and age, convenience is the key. Imagine opening a Savings Account from the comfort of your home and managing your money completely online. A Digital Savings Account offers all the convenience you need in your busy schedule. Open an account from anywhere, anytime with zero paperwork. All you need is your PAN and Aadhar details, a smartphone and a steady internet connection for Video KYC. Once you complete your Video KYC, your account will be activated. Generally, ₹ 1,000 is the minimum deposit you need to make to open your Digital Savings Account. 

3. ATM Transaction Limit

Savings Account ATM transaction limit may vary based on the type of account. If you’re someone seeking higher transaction limits, you can opt for Maxima Savings Account. This account offers unlimited transactions across any bank’s ATMs. Additionally, you can make unlimited cash withdrawal and deposit at any Ujjivan branch.

4. Additional Benefits

Look for additional benefits like feature-rich Debit Cards. For example, Maxima Savings Account comes with a RuPay Select Debit Card. Some of the benefits offered by the card include complimentary airport lounge access, personal accident and total permanent disability cover up to ₹ 10 lakh, offers and discounts on your favourite brands, etc.