Whenever the balance in a savings account with an auto sweep facilty is above the threshold limit, the surplus amount will be transferred to the FD account directly (sweep-in). Each account earns its ...
For most people, money sitting idle in a savings account earns minimal interest. However, banks now offer a smart option called the Auto Sweep facility, which allows customers to convert excess ...
An auto sweep account is useful if you regularly have a surplus amount after your monthly expenses in a savings account at the end of the month. On June 15, Kotak Mahindra Bank launched its ActivMoney ...