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.

30mo ago

SwirlyTaco

Stealth

30mo

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.