The preference to fixed deposits is due to the safe nature
of these deposits. Apart from having attractive bank FD interest rates, the lucrative returns also are an endearing
and significant factor. At present bank FD interest rates are very
lucrative and endearing, thus investors and depositors are getting more and
more interested in parking their funds in fixed deposits. According to the
current financial condition, the safe-playing investors prefer investing their
funds in fixed deposits. Some people make mistake of comparing the interest
rates of fixed deposits with that of income funds. Since the execution tenure
of these financial products is different, it is advisable to treat these two
different profiles subjectively.
Summary: The bank FD interest rates are getting
attractive day by day, thus attracting the depositors and investors even more. These
deposits also ensure the safety and security of funds.
No comments:
Post a Comment