Freo Save - up to 9% interest

Experience enhanced financial management capabilities with the newly introduced Freo app.

• Effortlessly set up a digital savings account in just 2 minutes.
• Access a lifetime credit line of up to ₹5 Lakh through MoneyTap.
• Utilize Freo Pay for improved shopping experiences, allowing you to pay later for purchases up to ₹10,000.

Moreover, benefit from advanced digital banking features with the Freo savings account, offered in collaboration with the reputable Equitas Small Finance Bank. Enjoy the convenience of opening a savings account on Freo within minutes and earn competitive interest rates of up to 7%*.

• Foster a savings habit by setting up Recurring Deposits on Freo to work towards your financial goals.
• Features of the savings account include:

• Quick and paperless account opening in just 2 minutes
• Earn returns of up to 8.25% annually
• No foreclosure charges applicable
• Commence with an investment as low as Rs. 1000

Additionally, safeguard against market fluctuations by leveraging a high-interest-yielding Fixed Deposit option on Freo.

• Main features of the Fixed Deposit account:

• Instant paperless account setup in 2 minutes
• Potential returns of up to 8.9% per annum
• No foreclosure charges incurred
• Begin investing with as little as Rs. 1000

Empower your financial aspirations through banking solutions that maximize your hard-earned savings.

Important note:

• Interest Rates and Minimum Balance:

1. 3.50% - Up to ₹1 lakh
2. 5.25% - Above ₹1 lakh and up to ₹5 lakhs
3. 7.00% - Above ₹5 lakhs

The interest is calculated daily on the closing balance of the account and will be credited quarterly directly into your savings account. Tiered rates apply to incremental amounts based on the closing balance.

To learn more about the interest rate slabs, visit Freo Interest Rates.

Contact us at [email protected] for any inquiries.