Ways to boost interest earnings on your savings account balance
Numerous banks provide an auto-sweep feature, which shifts extra cash from your savings account into a connected fixed deposit (FD). This allows you to gain better returns while still being able to use your money easily. Once your account balance goes over a specific limit, the surplus is automatically moved to an FD via a sweep-in mechanism, and the sweep-out function brings the money back to your savings account whenever needed.
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