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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

Do Fixed Deposits Offers Good Returns?

Does fixed deposits in banks offers a good return over the long period of time? What are the factors to consider when making a fixed deposit to a bank in other to get maximized returns?

Does fixed deposits in banks offers a good return over the long period of time? What are the factors to consider when making a fixed deposit to a bank in other to get maximized returns?

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  1. Light
    Light Trusted Adviser
    Added an answer on August 3, 2024 at 8:00 am

    If anyone ask me if fixed deposits give good returns, I will just simply answer this way, you put your money in the bank, and they promise to pay you back with a bit more after a specified time. It can be safe, but the returns are often small, you have to save very huge amount or save repeatedly toRead more

    If anyone ask me if fixed deposits give good returns, I will just simply answer this way, you put your money in the bank, and they promise to pay you back with a bit more after a specified time. It can be safe, but the returns are often small, you have to save very huge amount or save repeatedly to get good returns. It’s like putting your money in a safe place and letting it grow slowly Fixed deposits are good because they are steady and low risk. But if you want big returns fast, you might want to consider something else.

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spencer
spencerEnlightened Mentor
Asked: June 8, 2024In: Money & Business

Meaning of Security Deposit in Banks?

When it comes to taking loans, most customer’s aew advised to deposit a security loan fee before their actual loan is approved or reimbursed, what does it mean?

When it comes to taking loans, most customer’s aew advised to deposit a security loan fee before their actual loan is approved or reimbursed, what does it mean?

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