![]() ![]() What is a Fixed Deposit?Ī fixed deposit, also called a time deposit, is one of the safest forms of investment. Through this article, we will help you get acquainted with fixed deposits and in sorting out the best fixed deposit accounts for you. However, it will not accrue huge profit, unlike other forms of investment.īut if you are a first-time investor and have inhibitions about risking away your hard-earned money, a fixed deposit might be for you. Well, at least it’s insured for up to $75,000 under the SDIC. It’s a form of investment that is low risk in nature.įixed deposit is the type of investment that guarantees the total return of your capital after a specific period, with interest. Stocks, bonds, and mutual funds are common types of investment that you will hear most.īut rarely do people talk about fixed deposits. Today there are various forms of investment offered by banks and financial institutions. ![]()
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