Do you have a fixed deposits

[Kera]

I don't have a fixed deposits. I don't rate it because the interest offered by the financial institutions in my country are not worth it.

 

[Rubz]

I do not have a fixed deposit account, i just have a saving account. Although, on my bank app there is something like a fixed deposit feature where one can lock one's money for a particular amount of time and get interest.

 

[Sanjeev]

I do not have a fixed deposit account, i just have a saving account. Although, on my bank app there is something like a fixed deposit feature where one can lock one's money for a particular amount of time and get interest.

If you have enough money in your account and you want to keep that amount in your saving account then it's better to fix that amount because you will get better interest rate than what you get from saving account.

 

[Hate2Wait]

Fixed deposit is a good option for those that don't like to invest in stocks or in any other form and like to stay safe

 

[Hate2Wait]

I don't have a fixed deposits. I don't rate it because the interest offered by the financial institutions in my country are not worth it.

In India the interest rates on a fixed deposit are not bad and at present you can get more than 7% and it also depends on term