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WobblyBanana
WobblyBanana
NatWest Group

Best 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?

7mo ago
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JumpyPretzel
JumpyPretzel
Stealth7mo

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
WobblyBanana
NatWest Group7mo

Thanks!

GroovyWaffle
GroovyWaffle
Freelancer6mo

Go for liquid fund they have facility withdraw 50k instantly with 7% rate. Even if you keep money as short as 10 days

DancingBoba
DancingBoba
Stealth6mo

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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