Freo Save - 7% Savings Account

Save smartly with a zero balance savings account and achieve your savings goals faster with Freo Save. The Freo Save Equitas SFB account is better than your regular savings account. It only takes 2-3 minutes to open the savings account online. Freo Save lets you unlock access to shopping & credit products in your savings journey and has no minimum balance requirement.

With Freo Save, one spends smart and saves their salary better. It’s a free bank account with 0 balance requirement. To give you the best online savings account experience, you get a high savings interest rate of up to 7%.*
Here’s a money-saving tip: you earn a high rate of interest with your Freo Save online savings account than your Fixed Deposits and regular bank accounts*. To give you an example,

Savings Amount: ₹4,00,000
Other Banks' Annual FD Returns @5%: ₹4,20,378
Freo Save Annual Returns @6%: ₹4,21,632

Savings Amount: ₹6,00,000
Other Banks' Annual FD Returns @5%: ₹6,30,567
Freo Save Annual Returns @7%: ₹6,35,217

Let’s break down the high interest slabs for you.

Interest Rate - Minimum Balance
→ 3.50% - Up to ₹ 1 lakh
→ 6.00% - Above ₹ 1 lakh and up to ₹ 5 lakhs
→ 7.00% - Above ₹ 5 lakhs and up to ₹ 2 crores
→ 5.50% - Above ₹ 2 crores

Interest will be calculated on the daily closing balance of the account.
Interest will be paid on a quarterly basis by direct credit in the savings account.
Slabs rates are applicable on the incremental amount based on the closing balance.

Freo Save helps with your savings so that you can realize your dreams, with your own digital savings account. A zero-balance savings account that offers you:

→ An amazing 7% rate of interest*
→ Savings insured up to Rs. 5 lakhs
→ 100% digital banking experience

» Freo Save, your trusted neobank, is a zero balance digital account which takes you on a guided journey to unlock unmatched benefits like:

→ Freo Boxes: Earn 12% on your savings to achieve your goals faster. (Coming Soon)

→ Freo Pay: Scan & Pay up to ₹6,000 for your daily needs.

→ MoneyTap: Credit line of up to ₹5,00,000. Pay interest only on what you use.

We made the process to open the savings account online simple & hassle-free. The process of opening bank accounts comes with loads of inconvenience. With Freo Save, you open a savings account online, to kickstart your savings. It’s your ideal mobile neobank, that helps you take control of your finances.

Freo Save gives immense priority to the customer’s convenience.

Money-saving tip: Freo Save is a neobank, so the online savings account holders do not need to visit a physical branch like in the case of traditional banks. Our digital savings account makes it a point that the customer has to undertake little to no extra effort by making every service possible on our app. You can sit in the comfort of your home and avail benefits in an instant. You can still reach us anytime with our customer support available on WhatsApp and email.

As we continue to become more financially aware, we want to carry out our transactions with ease on smartphones. Freo Save is preferred by many, who prefer zero balance savings account money management on their mobile phones. Our broad spectrum of financial services is just a tap away for people using their mobile phones. Be it the transfer of funds through UPI or debit card, shop now, pay later, money-saving tips, and more – it is available every second of the day on the users’ smartphones.

Freedom starts today with a zero balance money account that lets you do more & dream bigger. So, download the Freo Save neobanking app, and join us on the journey to revolutionize personal finance.

Contact us at hello@freosave.com for any queries.

Made with ♥ in India.