Have you ever thought about investing your money into a low – risk and low involvement deposit—- fixed deposit
Fixed deposit is the best way to save your money. In fixed deposit you put a sum for a determined time. On maturity time you will receive an amount with interest. It puts the safety of your investment first, and guarantees returns. Moreover, not only is it low-risk, it is also low-involvement the your safety. There is a saying Like
“The money you save is the money you have earned”
In times of pandemic saving is the best option I thought and Fixed deposit is good way to put your money safe. In just some easy steps you can put your money in a good use which will benefit to you and also benefited to others by money out in use by banks
In fixed deposit you can put your money without thinking about market driven like share market, market goes down or up it will safely deposited into your account. You will be assured that at maturity time money will increase not decrease
In fixed deposit you can easily convert your FD into cash anytime you want unlike you have to wait market to drive into profit side.
You can decide that when the amount credited to your FD account. You can invest in FD that will collect your needs.
•Can take loan against FD
You can also take loan against fixed deposit anytime you want with paying some penalty
• Don’t have to constantly monitor
You have put your money in fixed deposit than wait to get gain without working on it.
I will suggest you to put your money into post office because there rates are higher than banks.