We want to be able to access this money quickly with no loss in value. The worst thing you can do is leave this money sloshing around in your savings deposit. At the time of writing this book, State Bank of India gave 2.75 per cent interest on the savings deposit. You need to move it to a place that is not that easy to access, but yet is liquid enough to be of use when you want it and gives a return that is better than a savings deposit. The easiest and best-understood product is a fixed deposit.
