NDTV·2 min read·medium
Money Sitting Idle In Bank? Sweep-In FD Can Earn More Without Locking It All
✦AI Summary
Sweep-in fixed deposits allow bank customers to earn higher interest on idle savings while maintaining liquidity. This feature enables users to access funds without breaking the entire deposit.
A sweep-in FD doesn't offer a higher interest rate than a regular FD. Its attraction is access to money without having to disrupt the entire deposit.
businesseconomy
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