Tuesday, September 16, 2014

Fixed deposit Rates Render Good and Lucrative Rate of return on investment

Each form investment has a rate of interest associated with it else the investment will be meaningless. The interest rate gives an idea of your earnings on investment. Fixed deposits are also bound to an interest rate like any other investment so that investors can get some return over that. The rate of interest varies with financial institutions. It also depends on the time for which money must be deposited. Higher the times higher are the percentage gains. Special considerations are also made for senior citizens who get a higher rate of interest than younger counterparts to enhance their financial security.
Summary:
Due to wide differences in rate of interest’s offerings on fixed deposits it is very important to compare among before fixing on one. As there are variety to factors to be judged a tool should be used to calculate earning potential.



3 comments:

Tathastu said...

Most people don't know the advantage of having fixed deposit. This article has given excellent introduction about fixed deposit. Thank you for sharing.

Sathish said...

there are lots of benefits in investing in FD, each and every banks gives there own interest rates which is helpful for future, this article give a very good explanation about the FD and benefits too. thank you for sharing your view!

Guest Post for Free said...

Hey..can you please update your post. Actually I want to invest in FD but little bit confuse. Some reputed banks are offering low interest rates but some NBFCs like Bajaj Finance are offering high interest rate on FD.

Please suggest which one is Good?