1. Funds in excess of sweep out threshold moves in to Term Deposit on every day End of Day basis as compared to other banks where it is transferred on a fixed day or at a fixed frequency.
2. No premature penalty is applicable on Term Deposits made through ActivMoney as these term Deposits are booked for 180 days. Some banks do charge penalty ranging from 0.5% to 1% for premature withdrawal of Term Deposits.