WobblyBanana
14moBest way to keep liquid funds.
I wish to create an emergency fund for my 6 months expenses. Let's say around 3 lacs. Should I opt for FD or some savings account with a high interest rate?
14mo ago
JumpyPretzel
14mo
FD- You can always create 6 FD of 50K each, so that you can break a few without affecting other, if you need some amount. Keep it simple.
WobblyBanana
14mo
Thanks!
GroovyWaffle
13mo
Go for liquid fund they have facility withdraw 50k instantly with 7% rate. Even if you keep money as short as 10 days
DancingBoba
13mo
There's Money Market funds that give you 6-8% pre-tax interest with an easy liquidity option. You can consider those. Cheers!
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