A digital savings account works like any traditional account in its function but is way more convenient. The convenience comes from the fact that a digital savings account can be accessed anytime from your phone or laptop no matter where you are – you don’t need to make trips to a physical branch location.
Freo Save’s rewarding zero-balance savings account offers an entirely digital experience! Open a savings account, and you will have several benefits at your fingertips.
With Freo Save, you can earn up to 7% interest on your savings, among the highest rates you can get in the market today. And you don’t have to worry about paying a maintenance fee – even if you don’t have funds in your account and your balance is zero.
Besides the standard savings account function, several other features make Freo Save’s digital savings account a great option.
Digitalized banking experience allows you to open an account within minutes – no need for paperwork!
You can earn up to 7% interest on your savings, making it an excellent option for everyone.
No more maintenance charges. Spend from your savings account without worrying about getting penalized for not keeping a minimum balance in your account!
Check out our guide
Which Bank Is Best For Zero Balance Account? to explore the best options!
You can access your account in several languages as Freo Save is available in Hindi, Tamil, Kannada, Telugu, Malayalam, Bengali, Marathi, and more!
With the virtual debit card, you can shop online, claim cashback, stay protected against card frauds, and reset your card PIN through the savings app! Physical card coming soon.
Your money in the account is insured up to ₹5 Lakh as per the RBI mandate.
Built on the Equitas SFB’s secure banking platform, your financial data is safe with full security controls on our app!
A unique feature that will help you invest, save, have access to credit or unlock gifts and seasonal rewards!
You can enjoy all Freo Save benefits with Regular Tier, begin your savings young with Junior Tier and unlock rewards of higher value with Premium Tier!
Grow your wealth faster with Recurring Deposits, Fixed Deposits and more!
Opening an online bank account with us is simple! All you have to do is follow these five easy steps, and you are all set to go!
In India, Freo Save is one of the highest-yielding savings accounts that give you higher returns than other savings accounts! Our zero-balance digital savings account is best for Indian millennials who want to save and grow their money while enjoying a complete digital banking experience!
Some features we offer are:
And several more features are coming soon.
Our digital savings account does not require you to have a minimum balance! You will not be charged anything if you need to use all the funds in your account.
Freo Save is entirely safe. A federally assured digital bank is completely safe to trust! However, you should always ensure you follow cyber safety rules for your own benefit. For example, don’t click malicious links, never share your OTP or bank password with anyone, and don’t access your account from an unsecured open network.