Savings account facilitates
withdrawal of money any time with no maturity period. Rather, a fixed deposit
does not entertain untimely maturity of money. Thus, whosoever wants to grow
his money and keep it safe should opt for fixed deposits as investment option.
Introducing lucrative and attractive
fixed deposit rates by the banks and other financial and monetary
institutions has proven advantageous for the depositors and investors so far,
thus making them benefit from their investments and deposits. Some of its
benefits are - Amount deposited in fixed deposits remain safe and are secured
for a long time till its maturity; and the investors get to earn a significant
return on these attractive fixed deposit rates.
Summary: Fixed deposits are highly sought-after investment plans
among the depositors and the investors these days. As their attractive fixed deposit rates provide better
returns and safety of funds.
