Sbi saving bank account give interest of 3.5% per annum paid half yearly. Interest is calculated on minimum balance in the account between 10th and last date of month. However total interest is credited to account once every six month.

If you have more than required cash in saving bank account which is not required for time being then it is recommended to better keep the amount in Fixed Deposit to get better rates. Fixed Deposit term can be from low of 15days to 5years.