Secondary Savings account
I want to open another bank account where I wish to build a significant cash position (with about 5 months of my salary). I will use that money incase of emergencies or if I need a lot of cash, so that I don't have to exit any stock positions or mutual funds if I suddenly need money. The corpus will be created over time ofc. I wanted to know which is a good bank to go ahead with? I don't have a problem with a non zero balance account, all these banks offer a shit ton of options and benefits and I am confused. So, good people of grapevine share your wisdom. What would be a good choice with decent benefits.
ExpertRobe62
Stealth
a year ago
Idfc first
majboormajdoor
Stealth
a year ago
Very underrated bank. I also recommend it
majboormajdoor
Stealth
a year ago
Why not open FD or multiple in your own bank?
You can also open multiple savings accounts in your bank itself
If you want to choose other bank anyways: Choose ICICI. They have good app and service better.
johan_liebert
Stealth
a year ago
Open the bank account in SBI . Opt for flexible FD in which you can withdraw the amount anytime you want in case of emergency while earning the FD interest rate.
Although rate of interest is 6 to 6.5 % but it's one of the safest bank out there.
I have that kind of savings account in PNB. And I make several FDs online, as of now earning 7.25% interest on it. The idea behind several FDs instead of one is to be able to break as per need without disturbing entire funds.
