A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and earn interest over time. You are mostly required to maintain a minimum balance in the account at all times, and failing to do so makes you liable to pay a maintenance charge. However, certain types of accounts do not require maintaining a minimum balance, such as zero-balance savings accounts. The idea of an online 0 balance account has become increasingly popular, as it offers a great deal of convenience and accessibility without maintaining a minimum balance. In the following sections, we will explore what a zero-balance savings account is and its benefits.