A Savings Account is usually your primary mode for saving and making payments. Yet, how many times do you go through the features before choosing one? Well, you must. This is because a Savings Bank Account packed with benefits can make your banking experience way better. Additionally, this account also plays a significant role in your investment portfolio.
So, let’s look at some of the top features. For example, a competitive Savings Account interest, a Banking app that allows seamless transactions, and more. These not only take your account a step ahead but also make your banking journey more fruitful.
Exclusive offers
A Savings Account that gives you access to an array of exclusive offers and benefits should put a smile on your face. These usually enable you to spoil yourself with excellently curated delights that match your lifestyle requirements. Offers like entertainment subscriptions, health benefits, dining privileges, and shopping offers, can make such accounts lucrative.
Instant Account opening
If you are weary of long wait times, queues, and endless paperwork at bank branches, a bank that offers instant account opening online is a welcome change. This will allow you to skip the hassle. What’s more? It lets you switch to a new account from anywhere and at any time.
Better Debit Cards
Go for a Savings Account that gives you access to a Debit Card that you can tap to pay. This lets you go completely contactless, and your transactions will be safe and secure. You can also choose cards that offer unlimited ATM withdrawals. This one is a boon for people who depend heavily on cash.
Seamless transactions
They are always an advantage. Especially today, when things move at a very fast pace. Enter a Savings Account packed with a feature-enriched Banking app that does not require you to wait for OTPs. Instead, you can use an in-built Soft Token on the app to securely authenticate all your transactions.
You can also register your billers and schedule your bills. This will automatically pay your utility bills on time and prevent you from going beyond the due date.
Variable interest rates
A bank that appreciates you saving more with variable Savings Account interest rates, is an excellent option. This enables you to earn more on higher sums. For example, some banks give you an interest rate of 3.25% on a balance of up to Rs. 1 lakh. However, on sums beyond that, and up to Rs. 2 lakh, you may earn a 3.5% interest rate. This may keep increasing as the amount increases, helping you save and earn more.
Fast-track Loans
If you have been putting your dreams on hold because it is difficult to get a Loan, choose a Savings Account that gives you access to fast-track Personal Loans. These are paperless, instant, and digital. They also turn your hopes into reality.
