How to maximize your wealth with FD-Linked Savings Account

Posted on Friday, June 30th, 2023 | By IndusInd Bank

When it comes to building and maximizing your wealth, exploring different avenues and strategies is essential. One such strategy gaining popularity is the FD-Linked Savings Account. Combining the stability of a fixed deposit (FD) with the flexibility of a savings account, this innovative financial product offers a unique opportunity to grow your wealth while maintaining liquidity. In this blog, we will delve into the benefits and strategies to help you maximize your wealth with an FD-Linked Savings Account. 

Understanding the FD-Linked Savings Account: 

An FD-Linked Savings Account is a hybrid account that links your savings account with a fixed deposit. It allows you to earn higher interest rates typically associated with fixed deposits while enjoying the convenience and accessibility of a savings account. The core idea behind this account is to ensure that your idle funds work harder for you, thereby maximizing your wealth potential. 

Benefits of an FD-Linked Savings Account: 

a) Higher Interest Rates: By linking your savings account with a fixed deposit, you can earn high returns which enables your savings to grow at an accelerated pace and adds to your overall wealth accumulation. 

b) Liquidity: Unlike a regular fixed deposit, an FD-Linked Savings Account offers liquidity. You can access your funds whenever you need them, providing you with financial flexibility and peace of mind. 

c) Safety and Stability: Fixed deposits are known for their safety and stability. By incorporating this aspect into your savings account, an FD-Linked Savings Account ensures that your funds are secure while earning attractive returns. 

How to Maximize Your Wealth with an FD-Linked Savings Account: 

a) Make Regular Deposits: To make the most of your FD-Linked Savings Account, consider making regular deposits. By consistently adding to your account, you can take advantage of compounding and steadily increase your wealth over time.  

b) Set Clear Financial Goals: Define your financial goals and align them with your FD-Linked Savings Account strategy. Whether it’s saving for a down payment on a house, funding your child’s education, or planning for retirement, having specific goals helps you stay focused and motivated to grow your wealth. 

c) Regularly Review and Renew: Keep a close eye on the interest rates offered by your FD-Linked Savings Account. It may be beneficial to review your account periodically and renew your fixed deposits to take advantage of higher rates. 

Choose Indus Max Multiplier Account: 

With the Indus Max Multiplier Account, you get to experience a revolutionary banking solution that combines the best of flexibility, higher returns, and instant convenience. 

1. Instant Account Opening: Say goodbye to lengthy paperwork and waiting periods. With just your Aadhaar and PAN card, you can open an Indus Max Multiplier Account instantly. Experience the ease and speed of modern banking right at your fingertips. 

2. Flexibility with Higher Returns: Why settle for just a savings account when you can have so much more? With the Indus Max Multiplier Account, enjoy the flexibility of a savings account coupled with the potential for higher returns. Say hello to the perfect balance between accessibility and growth for your hard-earned money. 

3. Indus Smart Sweep: Multiply your earnings effortlessly with our innovative ‘Indus Smart Sweep’ feature. Watch your idle funds automatically sweep into fixed deposits and earn higher interest rates. Maximize your returns without compromising on liquidity, as your funds are readily available whenever you need them. 

 4. Easy Account Opening in 4 Steps: You can open an Indus Max Multiplier Account in just four easy steps: Pick an account number of your choice > Enter your details > Add funds to your account > Complete Video KYC!  

5. Choose Your Account Number: Express your individuality with our unique feature that allows you to pick an account number of your choice. Personalize your banking experience and make your account truly yours. 

Don’t wait any longer – step into a world of convenience and higher returns with the Indus Max Multiplier Account! Open your IndusInd Bank Online Savings Account NOW. 

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision.  IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.