Is depositing money in a bank savings account with interest considered "riba" (usury) as stated in Surat Al-Baqarah, and are there other alternatives besides banks?

A savings account in an interest-based bank is considered an interest-based transaction because the depositor lends money to the bank for interest. Opening a current account in such a bank is not permissible due to the prohibition of cooperating in sin, except in cases of need, such as fear of theft or loss. In such a case, it should be a current account with no interest. As for permissible alternatives, they include investing money in Mudarabah (profit-sharing), partnership, or trade.