Earning 3% on idle cash? Sweep-in FDs may offer a smarter fix
Last Update Date: 05-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said that in a stable rate environment sweep accounts help depositors earn reasonable interest without active management, and can suit emergency funds for those uneasy with liquid funds.
More of Abhishek's views on saving and deposits
Mint explains how sweep-in fixed deposits linked to savings or current accounts can earn more on idle cash than a regular savings account. It covers how sweeps work, FIFO and LIFO methods for breaking deposits, premature withdrawal penalties, tax on interest and their use for emergency funds.
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Earning 3% on idle cash? Sweep-in FDs may offer a smarter fix