A women's savings account is a specialized banking product designed to cater to the financial needs and preferences of women. It often comes with features and benefits that aim to empower and support women in managing their finances effectively.
While the core functionality of a women's savings account is similar to a regular savings account, it may include additional benefits such as higher interest rates, discounts on various services, and exclusive offers on financial products. These features are tailored to address the unique financial goals and lifestyles of women.
Yes, banks allow the opening of joint women's savings accounts, but co-applicants must be women. This facilitates shared financial responsibilities and benefits.