Sweep in Facility offered by Banks
This query is : Resolved
27 October 2009
Hi
I came to know that some banks offer sweep-in facility whereby I can get FD interest rate and Savings account Liquidity .
I was wondering since it is such a good facility why not all customers go for this feature ..
I was trying to figure out if there is any hidden clause in it . Tried researching myself but couldn't find any resources .
Could you please help me
Thanks
I came to know that some banks offer sweep-in facility whereby I can get FD interest rate and Savings account Liquidity .
I was wondering since it is such a good facility why not all customers go for this feature ..
I was trying to figure out if there is any hidden clause in it . Tried researching myself but couldn't find any resources .
Could you please help me
Thanks
27 October 2009
may be the reason that this facility is available for Savings a/c and not for current a/c.
27 October 2009
Its available even for current premium accounts and most of them use the facility . As far as i know , there are no hidden costs involved .
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