Tuesday, March 18, 2014

Fixed deposit rates: For Precise Calculations of Returns

Fixed deposit rates facilitate depositors to know the exact value of the fixed deposit of the customer. For the conventional system, the interest on the fixed deposit account is credited to the depositor’s savings account specified by him or her on a quarterly or on a monthly basis.
Fixed deposit rates are an assured interest rate for the whole period of an investment. They allow the depositor to receive high interest rates.
On behalf of the Reinvestment scheme, the interest is compounded to the primary amount on a quarterly basis.
Comparing the interest rate of banks for the last few years signify that they have been quite unstable.  In 2010, fixed deposit rates started going up again as banks were short of money.  


Summary: Fixed deposit rates make you know the exact worth of investment of a depositor.

1 comment:

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