Epic getaways are possible if you use your Savings Accounts wisely

Are you dreaming of a holiday in scenic Europe or relaxing on a serene beach in Mauritius? With financial discipline and consistent saving, you can turn these dreams into reality! You may not realise it, but even your Savings Account has the potential to help you grow your travel funds. You just need to understand various features and benefits of Savings Accounts!

Tips for using a Savings Account for travelling

1. Open a dedicated Savings Account
Keep your travel fund in a separate Savings Account. If you use the same account for your daily expenses and savings, it becomes hard to track your progress. You may also accidentally spend money from your travel fund. Thanks to technology, you can now open a Savings Account online.

2. Automate your savings
Don't rely on your willpower and motivation for hitting your travel saving goals. Set up monthly automatic transfers from your Salary Account to your dedicated travel Savings Account. Alternatively, you can open a Recurring Deposit for a specified number of months, as per your travel plans.

3. Look for a high-interest Savings Account
Since you are going to keep your travel fund in a Savings Account, make sure you are earning good interest on it. Look for Saving Accounts that provide higher interest rates so that you can earn higher interest as well.

4. Make the most of your rewards and benefits
This is one of the best tips to save money with Savings Account for travel. Banks offer lots of reward points, cashback and even welcome benefits to new account users. Use these perks to reduce your regular expenses and put some extra money in your travel fund.

Some Savings Accounts provide benefits on flight or hotel bookings, while select Debit Cards offer free airport lounge access. Explore various Savings Accounts offered by banks to pick the Saving Accounts with the most useful rewards and benefits.

Axis Bank allows you to open a Savings Account without any branch visits, paperwork and long waiting periods. The AMAZE Zero Balance Digital Savings Account offers welcome benefits worth ₹5,999 on services you use daily, such as ticket booking, ordering food, and travelling through cabs. You can also get complimentary physical and virtual Debit Cards.

Also Read: A Savings Account can help realise your short-term goals

Conclusion

The most thrilling and fulfilling moments of your life take place while travelling. You get to visit stunning places all around the world and learn about different cultures. However, travelling can be costly! To spend your holidays stress-free and save money, you must follow financial discipline.

The tips discussed above will help you unlock the potential of a Savings Account in helping you turn your travel dreams to reality. You can start travel planning with a Savings Account right now!

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.