A word of caution here, on hybrid accounts that give you both liquidity and high interest: It may sound like the perfect idea, but you may find that once again, you will be tempted to spend a little on comfort here, a little more on another comfort there, and before you know it, you’ve blown up half your fund. So it may be best if you go for a good old fixed deposit, with a strong mental note that the money is not to be touched until an emergency comes knocking.
