Unlock Higher Returns: Sweep-in FDs Put Idle Cash to Work Smartly

• Sweep-in FDs link savings to a fixed deposit, automatically moving surplus cash above a set threshold.
• This facility allows idle money to earn higher FD interest rates without manual intervention for opening or breaking deposits.
• It helps convert large balances into FD units, reducing payment failures for big expenses like taxes or fees.
• Beware of premature withdrawal penalties; breaking FDs (even partially) can lead to lower interest rates or charges.
• Set a realistic threshold for your monthly spending to avoid frequent reverse sweeps and optimize returns.

Why It Matters: Sweep-in FDs offer a smart way to earn more on idle cash, but understand withdrawal rules for optimal benefit.