CosmicSushi

Where to keep my savings

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.

15mo ago

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SwirlyTaco

Stealth15mo

How much money are we talking about?

Easiest is to ask your bank to enable Sweep-In for your Savings account. The delta above a specified cash (eg 10K) gets automatically converted to a FD.

When you need the money, the FD 'breaks' and you have instant access.

Marginally higher interest rates.