The deposit rates on the fixed deposit account have increased to a good number over the years however you need to be associated with the fixed deposit accounts that are giving out largest return on maturity. But one big relief is that these days almost all banks have increased the fixed deposit rates to a good figure of &% to 12% and this again depend on the time for which you are depositing your money with the bank.
Fixed deposit rates has the ability to float up and down that depends on the banks policies, performance and lot of other factors and is regarded as the safest investment options of all. Although, even corporate fixed deposits are available, still bank fd enjoy a lot of popularity.
Summary: Fixed deposit rates have been on a rise from past few years thereby attracting people to open the fixed deposit account and making a good return from the same.
Fixed deposit rates has the ability to float up and down that depends on the banks policies, performance and lot of other factors and is regarded as the safest investment options of all. Although, even corporate fixed deposits are available, still bank fd enjoy a lot of popularity.
Summary: Fixed deposit rates have been on a rise from past few years thereby attracting people to open the fixed deposit account and making a good return from the same.
1 comment:
Nice post.I totally agree with you that bank interest rates on fixed deposit are really good and today its a great way of investment.
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