Freo Save - up to 9% interest

Freo Save is a zero balance savings account that gives better interest rates than your regular savings account. With an incredible 7% interest rate, achieve your savings goals faster and better.

Why go for a savings account that only demands more from you and does not give you more?
Open a Freo Save Equitas SFB account online in 2 minutes. Unlock access to shopping and credit products.The best saving accounts app that allows you to open a zero balance account and offers the best savings plan.

Get almost double interest compared to generic saving accounts offered by banks and enjoy the privileges of digital banking. Transferring funds and bill payments is now easier with seamless UPI integration.

Why Freo Save

Most savings account interest rates range between 3 to 4 per cent annually. Don't just open any random savings account. Choose the right partner that will pay for saving money. Go for a high yield account– get Freo Save.

With Freo Save, YOU remain in control and experience a digital-first banking experience that helps you get much more out of your money.

What you get with Freo Save?

Drop the act of just depositing money. Instead, make more out of your money.
With Freo Save, users can skip the long queues and lunch hour excuses.

With Freo Save's goal-oriented savings, you need not worry about whether you can afford your next purchase. Instead, you'll be able to save money with a goal in mind and get up to 12%* on your savings.

But it doesn't end here. There's more:

→ Of course, you get rewarded for saving money
→ Achieve your saving goals faster
→ Zero balance account
→ Get a virtual debit card for your online shopping
→ 100% digital experience
→ Goal-based saving plans
→ No hidden fees
→ Unlock access to credit
→ Your funds remain insured (up to ₹5 lakh as per the Deposit Insurance Scheme)
→ State-of-the-art security to protect your money
→ Block/unblock the card whenever you want
→ Reset card PIN from the Freo Save app
→ Get Up to 7%* interest on your savings
→ Check free credit score
→ Get credit report worth ₹550 for free

How to get started with Freo Save

Here's how you earn the best and highest interest rate with your Freo Save online savings account.

For instance, ₹4,00,000 is your total savings amount.

Any Banks' Annual FD Returns @5% - ₹4,20,378
Freo Save's Annual Returns @6%: ₹4,21,632

If the Savings Amount is ₹6,00,000.
Any Banks' Annual FD Returns @5%: ₹6,30,567
Freo Save's Annual Returns @7%: ₹6,35,217

Let's break down the high-interest slabs for you.

Interest Rate and 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

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

Get more with Freo Save

Freo Save, your trusted neobank, will be your financial guide and unlock unmatched benefits.

*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 want our users to have an easy and hassle-free experience in opening a savings account that allows them to do more. Better than most digital banking apps, Freo Save helps you save time and money.

Freo Save is your ideal mobile neobank and makes it a point that the customer has to undertake little to no extra effort by making every service possible on the app. A neo bank that enables smarter banking and helps open savings account online.

Freedom starts today with a zero balance money account that lets you do more and dream bigger. So, download the Freo Save neobanking app to open your savings ki khata today.

Let's revolutionize personal finance.

Contact us at [email protected] for any queries.