MoneYtree |
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| Interest Schedule |
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Amount |
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Interest |
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As from Rs50,000/- up to Rs100,000/- |
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Savings Rate* |
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Above Rs100,000/- up to Rs300,000/- |
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Savings Rate* + 0.50% [on whole balance] |
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Above Rs300,000/- up to Rs500,000/- |
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Savings Rate* + 1% [on whole balance] |
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Above Rs.500,000 in multiples of Rs.50,000/- |
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Savings Rate* + 2.10% |
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Balances above Rs.500, 000/- will automatically be swept in multiples of Rs.50, 000/- to a One year Fixed Deposit
with automatic renewal bearing a higher interest rate (payable quarterly) of Savings + 2.1% (currently 6.85%, AER 7%)
*Bank One Savings Rate at 4.75% |
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Features |
- Minimum Balance for Account Opening: Rs50,000/-
- Minimum Interest Earning Balance: Rs50,000/-
- Interest payment frequency on a quarterly basis
- Passbook or quarterly statement (optional)
- Debit Card linked to account
- Withdrawals on possible at branches, ATMs, POS
- No penalty in case of withdrawal
- Gifts on opening of account (until stocks last)
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