Freo has entered into partnership with Equitas Small Finance Bank to launch digital savings account ‘Freo Save’. With this launch, Freo becomes the first consumer Neobank in the country to provide full-stack neobanking products including a smart savings account, credit and payments products, cards, wealth-growth products, and more, slated for the future.
Freo Save will offer an interest rate of up to 7 percent to customers for balances above Rs 5 lakh up to Rs 2 crore. On consumer savings up to Rs 1 lakh, the platform will provide 3.5 percent annual interest.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
