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Being the responsible mature adult that you are, you curb your impulses to splurge all that money and instead set it aside, untouched. But of what use is it if it just sits in your savings account earning a paltry interest that is akin to your month-end bank balance? Let us introduce you to some options to invest that money and earn great returns!
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5 Ways To Invest Money Lying Idle In Your Savings Account Simple | Fast | Reliable
Introduction Haven’t we all been through situations when you don’t have a single penny in hand and all of a sudden your bank balance is not in single digits anymore? Being the responsible mature adult that you are, you curb your impulses to splurge all that money and instead set it aside, untouched. But of what use is it if it just sits in your savings account earning a paltry interest that is akin to your month-end bank balance? Let us introduce you to some options to invest that money and earn great returns!
How To Invest Money Lying Idle In Your Savings Account Gold Certificate of Deposit Bonds Short Term Floating Rate Fund Invoice Discounting
How It Works: Businesses receive an invoice for delivered goods or services from a blue-chip company. The business then uploads the invoice on the KredX platform after a discount on the total amount. Investors check to see the available invoices on the platform and select the ones they wish to purchase. Investors get paid at the end of the invoice tenure, i.e. 30-90 days and earn an average of ~12-20% ARR*.
Bottom Line: It’s always wise to save for a rainy day because you never know what the future holds in store. And what better way to save than investing your hard-earned money that is lying around idle. Start investing today to ensure a worry-free tomorrow!
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