FD rates up to 9.5%, savings account interest rates up to 7.75%: THIS bank offers unmatched benefits!
Unity Small Finance Bank (Unity Bank), a new-age digital first bank, has raised interest rates for its fixed deposit and savings account customers.
For balances up to Rs 1 lakh, Unity Bank offers an interest rate of 6% per annum. The private sector bank is offering now 7.25% per annum interest rate on deposits of greater than Rs 1 lakh and up to Rs 5 lakh. It provides 7.5% per annum rate on deposits of more than Rs 5 lakh and up to Rs 50 lakh and 7.75% on balances greater than Rs 50 lakh, the bank said in release on June 24.
“Interest on all slabs is paid monthly and will provide our valued customers with greater flexibility and benefits as they save for their financial goals,” Unity Small Finance Bank said.
On fixed deposits, Unity Bank continues to offer an interest rate of 9.5% per annum to senior citizens and 9% per annum to general investors for a tenure of 1001 days. This is the highest interest rate slab for the bank. In the lowest rate slab (165 days to 6 months), Unity Bank offers 6.25% interest rate to general customers and 6.75% to senior citizens.
On FDs with tenures spanning 201 days to 364 days, the bank offers 8.5% interest rate per annum to general subscribers and 9% to senior citizens. General customers booking FDs of 501 days tenure will get 8.75% return per annum and senior citizens 9.25%.
Also Read: Best FDs for senior citizens: Top 5 fixed deposits offering up to 8.97% interest rates
On FDs with a tenure of 701 days, normal investors would get 8.95% per annum and senior citizens up to 9.45%.
Its FDs of highest tenure (5 year to 10 years) would fetch 7.5% interest rate per annum to general customers and 8% per annum to senior citizen customers.
Details across all tenures and amounts are given below:
Read more on financialexpress.com
