A zero-balance savings account lets you keep money in the bank without maintaining a minimum balance. While avoiding balance-related charges is a major benefit, many people also want to know how much interest they can earn. The answer depends on your daily account balance, the applicable interest rate and how long the money remains in the account. A savings account interest calculator can help estimate potential earnings before you start saving.

Can a zero-balance account earn interest?

Yes. A zero-balance savings account can earn interest just like other eligible Savings Accounts if the Bank pays interest on the balance maintained.

Interest is calculated on the daily closing balance and credited according to the Bank's policy. This means your earnings depend on the amount you keep in the account rather than simply opening it.

How is interest calculated?

Banks generally calculate savings-account interest using the daily closing balance.

The process usually works like this:

Keeping money in the account consistently can therefore increase potential earnings over........

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