Your money deserves more than what savings account is providing......!!!!

Hi readers, today we will discuss about your money which is kept in your savings account in a particular bank. You believe it or not but your bank is more than happy if you keep on pumping money in your saving's account even for very few days.                                         
As some of you might know that banks give us interest rate of meagre 4% on our money kept in savings account which is very low. As you can see the ever increasing inflation rate of around 8% how do you expect to live in this world with such low interest rates.

Very often we avoid looking at the money in our saving account and it keeps on sitting there for months sometimes for years.

So what can you do about it:

• Fixed Deposit: One solution is to keep money in the form of fixed deposit so that you can get around 9% interest rate but the disadvantage is locking period of 1 year or more than that

Wish it would be some instrument which provides interest rate comparable to Fixed Deposit and yet doesn't have the locking period?

Your wish is my command.......!!!!!!!!

There is one such instrument:

SBI PREMIER LIQUID FUND:

It is an ultra short term/Liquid Mutual fund which gives the interest rate of around 9% without any locking period.

How cool is that?

Imagine you can put your savings account money into this fund with only one mouse click and you can withdraw this money anytime you want again with just one mouse click.

But advantage comes with some disadvantage.............????
Only drawback of using this fund is that the minimum amount of investment is Rs50,000 which is high for some individuals.

But this is a very good fund for those who usually keeps large amount of money in there savings account due to some urgent requirement of cash in hand. They should keep this money in this fund even if they want to keep it for very few days.

You can get more info about this fund here:
SBI Premier Liquid Fund