Friday, 5 August 2011

Open Fixed Deposit Now With High interest

This is the right time to open a fixed deposit. Interest rate on all banks is high and you can take advantage of this high interest rate by opening a Fixed Deposit with any bank quite a long period of time. Fixed Deposit with banks is considered as the safest deposit ever with enough liquidity. Whenever you need money you can easily convert this fixed deposit to liquid cash, even if you lose a part of interest.

With this high interest rate you can reap a good return from fixed deposits. Almost all banks offer an interest rate from 9.5% to 10.5% for Fixed deposit from One year to 5 years. You can choose cumulative interest option or interest pay out option. Cumulative interest option is preferable because you will get same rate of interest for the interest derived time to time.

Do not wait for another hike of interest. Open a fixed deposit with cumulative interest option for a long period and maximize your benefit.

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