Best place and strategy to keep your emergency cash reserve

POSTED BY JayaprakashReddy ON February 23, 2011 3:18 pm COMMENTS (2)

We need to keep cash reserve of at least 3-6months of expenses. What is the best place to keep this cash reserve and make this money also generate money even if it is small?

I planned to keep this money in couple of savings accounts and use Money Multiplier (ICICI bank) or AceMoney (Kotak bank)? In these facilities they offer 8% interest instead of 3.5% of savings account.

Can experts and other users through some light on it? Are there any better ways to keep this reserve?

2 replies on this article “Best place and strategy to keep your emergency cash reserve”

    1. JayaprakashReddy says:

      Thanks ajay that was really helpful. Sorry for not searching for these before posting it.

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