scorecardresearchOpening a new savings account: These are the factors you should make note of

Opening a new savings account: These are the factors you should make note of

Updated: 23 Aug 2022, 05:00 PM IST
TL;DR.
Opening a new high-interest account might be inefficient if you already have multiple savings accounts. You can look at a liquid fund with instant redemption if you want a higher return on your money with easy liquidity.
Before you chase after high-interest savings accounts, it’s essential to understand the purpose of a savings account.

Before you chase after high-interest savings accounts, it’s essential to understand the purpose of a savings account.