u/GuassianGig

Never really cared about earning interest on my emergency fund. Just wanted to park 5L somewhere separate so I don’t spend it mindlessly.

Was using Slice Savings for a bit because it's 0 balance, no charges, decent interest. Made sense. But then I realised I’m probably not touching this money for a few months (at least till I finish college), so I moved it into a 1.5-year FD at 7.8%.

I know there’s a penalty + lower interest slab if I break it early. But if I keep it for ~6 months, even after penalty, returns should be similar to savings.

Main goal is still liquidity, not returns. So this move make sense right or am I overthinking it?