savings account - Adarsh credit

5 things to consider before opening a high-interest savings account

When you are planning to open a savings account that can secure your money as well as provide you with high savings account interest rates, then there will be a number of things that demand consideration and thinking. Well, Adarsh Credit Co-operative Society is here with such 5 things that need your attention before opening a savings account.

Have a look at these things and start considering them before opening a savings account.

  • Whether it is a no-frills account or not

Always try to open a no-frills account as it can make management a lot easy for you. You don’t need to maintain a minimum balance to retain your account. Adarsh Credit offers such zero balance high-interest savings accounts to provide high benefits to its members.

  • Penalties

Make a detailed research about the penalties that you will be charged and under what circumstances and conditions. Mostly organizations levy taxes and penalties for various reasons such as non-maintenance and other factors.

  • Savings account interest rates

Opt for an organization that provides a high-interest rate with the savings account. Well, Adarsh Credit Co-operative Society has a savings account that offers 7.5%* per annum that compounded quarterly.

  • Internet and phone banking

In today’s digital era, if the account that you are holding cannot be accessed by phone and laptops then it will be of no use and time-consuming. So make sure that the savings account you are opting for provides these facilities.

  • Advanced features

Look out for any extra features or services that are provided by the organization along with high-interest savings accounts. As these facilities such as nomination facility, number of transactions etc. are highly beneficial for your savings.

Hope these things will help you to get highly beneficial and high interest savings account. So, start working on these things now and if you want to get further details visit the nearest branch of Adarsh Credit Co-operative Society or browse through