What type of accounts do you prefer? fixed deposit account or Normal savings account.

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Stardom22

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• Apr 24, 2024

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For me l do prefer the normal savings account. This is because l would like to access my money anytime of the day.

 

eldavis

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• Apr 24, 2024

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I have never tried any of these accounts besides savings and having a current account. For me I think I would just go with having a regular savings account.

 

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Springtime

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I have both fixed deposit and savings accounts. I put some of my savings in fixed deposit account to earn more interest. It is also important to have savings account as we can withdraw money in it anytime.

 

Suba

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Even though I have both a savings account and a deposit account, I don't like which one, the savings account doesn't earn interest so it's only for transactions, while the low interest deposit is only used as reserve money.

 

Shavkat

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I also have the same feeling. I cannot have the fixed savings account because I need the money anytime if urgency happened. I am sure majority would have the same notion like me.

 

bestwriter

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• Apr 25, 2024

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If you want to earn then fixed deposits is a choice Saving account is for money that can be withdrawn as and when one needs cash

 

Starmix

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• Apr 25, 2024

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I only have a savings account this time. In the past years I had a checking and time deposit accounts. I withdrew them and I invested my money to mutual funds.

 

nomad

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• Apr 25, 2024

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I try to create a balance as keeping funds in fixed deposit account will also lock my funds

 

cherry123

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• May 15, 2024

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I like more but go more for savings account as you can use daily while fixed deposit as it's time.