Fixed Deposit

Fixed deposit is a type of bank account that provides a competitive interest rate in return for the account holder maintaining their money in the account for a certain amount of time.Fixed deposits are an excellent method for savers to put their money to work, giving a decent return without the danger of investing in stocks and other higher-risk investments.Fixed deposits are a safe and secure method to save for a down payment on a house, car, or other large purchase, as well as to offer a secure retirement fund.They are also one of the finest methods to pass money down to the next generation since they provide a good return while keeping the money secure until the user is ready to utilise it.