Quote:
Originally Posted by shibabigk
We have a -currently very small- EF, which will hit $2000 in December. I am trying to figure out in what type of account and where I should put it. It is currently in a savings account with close to nothing in intrest.
Now, obviously I need to be able to withdraw it quickly if I have to, which I currently can, but I could keep part of it super liquid and part of it in an account were it might take a few days to get it out to benefit from intrest.
What do you guys think?
Thanks!
|
Hi,
There are lots of bank provides the facility of fixed deposit, and they provide very good interest. Previously there was the problem with fixed deposit that they take a long time to cash the amount but now money can cash within 24 hours. So i suggest you to keep your money in fixed deposit.