Do you have a fixed deposits

nomad

Very Familiar
Member
Jun 22, 2022
10,961
512
Dex
$0.010
Raw Dex
$0.600
Fixed deposit is a saving account where you lock your cash for certain months/years and earn higher interest compared to a normal saving account. Do you have fixed deposit bank account?
 
AgoraForo - Digital Marketplace & Freelancer Forum

eldavis

Very Familiar
Member
Sep 4, 2022
15,103
664
Dex
$0.000
Raw Dex
$6.376
I have some wallets and online banks that has these features, so I make use of them instead of opening a fixed deposit account from my bank.
 

Sanjeev

Well Known
Member
Sep 23, 2022
8,556
1,212
Dex
$0.333
Raw Dex
$0.010
Yes, I have a fixed deposit of particular amount but I think it's not a good option to invest in FD as thre is less interest rate on it.
 

nomad

Very Familiar
Member
Jun 22, 2022
10,961
512
Dex
$0.010
Raw Dex
$0.600
Yes, I have a fixed deposit of particular amount but I think it's not a good option to invest in FD as thre is less interest rate on it.
About a year ago, banks were giving upto 13 percent interest on fixed deposit in our country, and how they have cut it to 7 percent.
 

Sanjeev

Well Known
Member
Sep 23, 2022
8,556
1,212
Dex
$0.333
Raw Dex
$0.010
About a year ago, banks were giving upto 13 percent interest on fixed deposit in our country, and how they have cut it to 7 percent.

That's the problem. The interest rate is too low these days for FD. People here don't do FDs now a days instead they go for mutual funds.
 

Sawe

Somewhat Known
Member
May 14, 2024
714
25
Dex
$5.000
Raw Dex
$0.823
Yes, I have a fixed account on my mobile money account. I am currently saving some money for two months I will use to buy a new laptop.
 

Springtime

Well Known
Member
Dec 22, 2022
7,929
294
Dex
$1.340
Raw Dex
$0.105
Yes, I have a fixed deposit account. As the US has raised interest rates a few times, HK dollar is pegged with US dollar, the interest rate for fixed deposit is pretty high these days.
 

Sanjeev

Well Known
Member
Sep 23, 2022
8,556
1,212
Dex
$0.333
Raw Dex
$0.010
I don't block my money in FDs now a days as they don't provide much money after the maturity. I feel better to invest my money in mutual funds or stock market.
 

IB D

Well Known
Member
Jan 6, 2023
5,443
194
Dex
$0.000
Raw Dex
$0.101
I don't have fixed deposits. I don't tend to like it. You would have money and you can't access it even when you are under emergency.
 

fcbetting

Notable
Member
Jun 16, 2022
4,918
358
Dex
$0.010
Raw Dex
$4.820
After buying a car it left me some money and I had idea last few days deposit it on 6 months with 0.02% interest. It looks very small. Also in August I will know details of new contract so I will decide then.
 

You

Notable
Member
May 12, 2023
2,239
41
Dex
$0.000
Raw Dex
$0.008
No, I don't have a fixed deposit bank account. I prefer more liquid savings options, like high yield savings accounts or money market funds, which offer flexibility and easy access to my funds.
 
Back
Top