Online Savings refers to a type of savings account offered by banks or financial institutions that is managed and accessed primarily through the internet. These accounts typically provide a higher interest rate compared to traditional savings accounts due to lower overhead costs for the banks, as they operate without physical branches. Online Savings accounts allow users to save money while earning interest, and they often come with features such as easy fund transfers, no minimum balance requirements, and no monthly fees. Accessibility is enhanced as account holders can manage their savings anytime and anywhere, using online banking platforms or mobile apps.
Fintilect, a leader in hyper-personalized digital banking solutions, has teamed up with DF Capital to enhance online self-service options for business savings accounts aimed at small and medium-sized enterprises (SMEs).…