Liquid Funds vs Savings Accounts
Liquid Funds Vs Savings Accounts: Where to secure your emergency funds? Savings Account Savings account is simply a type of bank account that allows you to safely deposit and withdraw money held at a bank or financial institution while earning interest. Though savings accounts do not provide a decent interest rate, their safety, ease of access and reliability makes them an idle choice to save your hard-earned money for short-term needs. Liquid Funds Liquid funds are a type of debt mutual funds – open-ended schemes that primarily invest money in short-term money market instruments such as certification of deposits (CDs), government bonds, treasury bills, and other market instruments maturing within 91 days. Liquid funds provide high liquidity to the investors where the redemption request is processed within 24 hrs. There is no entry and exit loads application to liquid funds, further easing the overall load on the investor. Comparison: Liquid Funds Vs Savin...