Compare the saving account rates of different banks nowadays wherein you will find a good difference in what they are offering. Some may be offering a rate of 3 % and there are others who have upgraded it to nearly 6 %. This really calls for some good amount of research on such banks and the one with a legitimate offering should not be missed out. Bank with a trusted name in the regions is always admired and should be the one you must be going with.
Such a huge difference in the Savings account rates for different banks really calls out for the competition that they are facing at their end as well. Each of the banks is trying to snatch other banks customers which in a way are helping the end user to get hold of good rate on his saving account.
Summary: With so many banks offering saving account rates at almost 6%, the customer choice has been increased to enormous level.