BANGALORE: It is good to have a savings account as it provides a guaranteed and safe return. Putting your money in a savings account may not yield you a higher return as various investment schemes provides.

But then, have you ever thought about other options that might yield you higher returns from your valuable money.  And if you are eager to note, here are some of the ways through which you can grow more money into your saving account as compiled by moneycontrol.com.

1. Liquid Funds

Liquid funds are used primarily as an alternative to short-term fix deposits. These funds invest with minimal risk like money market funds.  Liquid Funds invest only into instruments with fixed incomes and high credit ratings, for example, commercial papers, govt. treasury bills, certificates of deposit.

Most funds have a lock-in period of a maximum of three days to protect against procedural glitches, and offer redemption proceeds within 24 hours. The minimum investment size in a liquid fund varies from 25, 000 to 1 lakh.

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