Bank Deposits (FDs) continue to be a popular investment product not only for seniors seeking guaranteed income, but also for investors who cannot take risks. However, overexposure to FD is not good, and you need to evaluate your asset allocation and goals to determine how much money you should park in them. For example, saving for higher education in children 15 years from now through FD is ineffective because FD’s after-tax interest rates may not yield real returns (returns above inflation). It’s possible, but if you’re planning on taking a vacation in two years, FD can help. Before choosing an FD, you need to compare the interest rates offered. This is a list of banks that offer the highest FD rates for the largest deposits. ￡ 1 roll over various holding periods.
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Compare bank FD rates
Source link Compare bank FD rates