Plan your retirement with bank fixed deposits

What after retirement? Where should you invest to grow your money after retirement? These are some common questions that arise in one’s mind. Well, with bank FD interest rates you should probably not worry about these questions and also put a stop on any search for other options as well.

Saving and investing money post retirement becomes much more essential than ever before. As income after retirement, altogether stops. There are many banks offering much higher bank FD interest rates for senior citizens. Bank FD interest rates normally range between 8% to 10%, whereas senior citizens are offered escalating rates. Banks allow you to open more than one fixed deposit with different maturity periods and different bank FD interest rates.

Summary: On the whole opting for fixed deposits will get you handsome returns even after your retirement. Most important point here is that bank FD interest rates are higher for senior citizens than the normal rates offered.