BANGALORE: Are you sure that you do a thorough financial planning? And do you keep most of your funds in your savings account? Then, it is important for you to know that, there are several types of savings accounts available apart from regular saving accounts.

Having information about all the savings accounts will help you with a convenient banking and its unique benefits, and also selecting the savings account that suits your requirement best.

Let’s have a look at some of the savings accounts offered by various banks:

1. Savings Max account

Savings Max account from HDFC Bank is made especially for those who keep a good amount of funds in their savings account and are not very efficient at managing their finances. This savings account has a unique feature wherein people can link Fixed Deposit with their savings account. It also provides you with the sweep-in as well as sweep-out facility. If you opt for their “MoneyMaximizer”, an automatic sweep out facility, then your surplus funds can be put into high earning fixed deposit at the threshold of 1,25,000. For instance if the balance in your SavingsMax Account exceeds 1,25,000, then the amount in excess of 1,00,000 will be put in a fixed deposit at a minimum value of 25,000 for a one year and one day period.

Thus, this way you can earn higher interest on money lying idle in your account.  It also offers you with several other benefits like Lifetime free Titanium Royale Debit Card with Daily cash withdrawal limit of 75,000 and Daily shopping limit of 1 lakh, free Personal Accidental Death Cover of 10 lakh, free Personal Accidental Hospitalization cover of Rs 1 lakh per annum and Preferential pricing on account opening charges on Online Trading Accounts.