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Mutual Funds & SIPAug 18, 2016•2 min read

Earn Much More Than Your Savings Bank Account With Ease

"Either make your money work for you, or you'll always have to work for your money" — simple ways to put idle savings to better use.

Portrait of Tejas Shah

Tejas Shah

Proprietor of Silicon One and Silicon Systems, AMFI-registered Mutual Fund Distributor since 2004, based in Vadodara.

"Either make your money work for you, or you'll always have to work for your money." Money parked in a regular savings account earns very little — often not even enough to keep pace with inflation.

A simple first step

A large idle balance sitting in a savings account is one of the easiest inefficiencies to fix. Liquid funds and similar low-risk debt instruments typically earn meaningfully more than a savings account, with comparable ease of access — a straightforward first upgrade before considering higher-risk options.

Small, low-effort changes to where you park your money can add up meaningfully over time without taking on much additional risk.

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