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Bank Savings Account Interest Rate Comparison

Find the best savings account in Bangladesh based on interest rates and minimum balance.

Last Updated: September 2025

How to Use This Tool

Finding the right savings account is simple with our comparison tool. Follow these two steps to discover the best option for your financial goals:

  1. Sort by Highest Rate: The default view shows you the banks offering the best interest rates, helping you maximize your earnings.
  2. Sort by Lowest Min. Balance: Click the "Lowest Min. Balance" button if you need an account with a low deposit requirement, offering greater flexibility.

Rates are for general savings accounts and are subject to change. Please confirm with the bank.

How to Choose the Right Savings Account in Bangladesh

Choosing a savings account might seem straightforward, but key differences between banks can impact your earnings and convenience. The two most important factors to consider are the interest rate and the minimum balance requirement. A higher interest rate means your money grows faster, while a lower minimum balance requirement offers more flexibility and helps avoid potential fees.

Key Factors to Compare

  • Interest Rate: This is the percentage of your balance that the bank pays you. It's usually calculated on the daily balance and paid out quarterly or semi-annually. Our tool helps you find the highest rates available.
  • Minimum Balance Requirement: This is the minimum amount of money you must keep in your account to avoid maintenance fees or to be eligible for earning interest. A lower requirement is generally better.
  • Fees and Charges: Look out for account maintenance fees, debit card fees, and charges for transactions.
  • Bank Services: Consider the bank's online banking facilities, mobile app, and the number of ATMs in its network.

This comparison tool focuses on the top two factors to simplify your initial decision-making process.

Frequently Asked Questions

1. What happens if my balance falls below the minimum requirement?

Most banks will charge a penalty or a monthly account maintenance fee if your balance drops below the required minimum. In some cases, you may also become ineligible to earn interest for that period.

2. Is the interest from a savings account taxable?

Yes, similar to FDRs, the interest earned on a savings account in Bangladesh is considered income and is subject to Tax Deducted at Source (TDS). The rate can vary depending on your tax status (TIN holder or non-TIN holder).

3. Are there different types of savings accounts?

Yes, banks offer various types of savings accounts, including general savings, high-yield savings, student accounts, and accounts for pensioners. This tool compares general-purpose savings accounts. The rates and conditions for specialized accounts may differ.

Disclaimer

This is an informational tool and provides data based on publicly available information. Rates and conditions are subject to change by the respective banks at any time. This tool is not affiliated with, endorsed, or sponsored by any bank mentioned.

Furthermore, this calculator is for informational purposes only. We do not encourage users to accept interest, as it is considered 'haram' (forbidden) in Islam. The Prophet Muhammad (ﷺ) cursed those who deal with interest (riba). As narrated by Jabir (may Allah be pleased with him), "The Messenger of Allah (ﷺ) cursed the one who consumes riba, the one who gives it to others, the one who records it, and the two who witness it." (Sahih Muslim 1598). For more details, you can refer to the Hadith at Sunnah.com.