I am applying for UK visa to take an exam.My saving account doesn't contain enough money, though I have saving certificates with monthly interest that worth lot more than what I am expected to expend. My questions: 1-Can I use those saving certificate as an evidence that I have enough money ,bearing in mind that I can encash them with notice? 2- Is it a good idea to redeem some of the certificates to enhance the account or they will consider it as funds parking?
‘Funds parking’ refers to money that is not genuinely available to the applicant but has been provided by a 3rd party specifically to make the applicant’s financial position appear better than it really is. If the savings certificates are in your name then you cannot be ‘funds parking’, and using them as evidence of your general financial standing is valid. If you need the liquidity for your trip, stating that you will encash after receiving your visa seems reasonable and avoids a potential loss of interest on the investment if your application is refused (note: this assumes the notice period on the certificate(s) expires before your expected travel date).