Yes bank offers good features on its FDs as it allows you take an overdraft and thus you have liquidity in hand. However interest earned through fixed deposits is liable for income tax whereas interest earned from saving account is immune from income tax upto Rs 10,000 per annum. So, we use their saving account which offers interest upto 7% and amount is credited quarterly.
Do remember to check the Latest Yes bank rate of interest as this post was made on 17 June 2013 as rate of interest may have had changed during a given period.