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