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Fixed Deposit in a Bank
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[QUOTE="IamDozzy, post: 82117, member: 28928"] Fixed deposit is one of the safest if not the safest form of investment. But these days, the interest rate are ridiculously low, one might attribute inflation at the main cause of low interest rate associated with Fixed deposit nowadays as against what obtains in the past. Banks use money deposited as Fixed deposit for a period of time to trade and give loans to people. You can keep your money in the bank for an amount of time. The lowest fixed deposit time should be 6 months and you can keep your money for a year, 2 years, 5 years or more. The higher the year, the higher the money added to your fixed deposit. [/QUOTE]
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