Sweep In Fixed Deposits
12/09/2023 Financial & Legal Services
Price: Check with seller
Description
A fixed deposit’s sweep-in feature enables investors to move extra cash from their bank accounts to their FD accounts, allowing them to earn larger profits. Depending on the bank, the auto sweep-in FD has one to five years terms. The amount investors want to keep in their savings and current accounts can be specified, and any remaining funds will be automatically moved to the sweep-in FD account.
This enables investors to receive greater returns on their excess funds and also permits investors to access their FD in times of need. Without paying any fees or incurring any penalties, investors can withdraw money from their FD to cover their immediate needs.
Comments
ruby2023
Individual
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