Is investing in fixed deposit worth it?

[Lens1000]

Investing in fixed deposit in Banks is worth it because it can be a safe option for those that are seeking stability and especially for those that wants low risk investment opportunities. The fixed deposit are considered to be one of the safest investment options that you can choose because it offer guarantee returns and the business is ensured by government deposit insurance schemes. During the economic uncertainty , you can choose this business because it provides a secure way to preserve your capital and you'll be able to earn a fixed rate of interest as well. It's really worth it.

 

[Mika]

Fixed deposit bank account is a highly recommended investment method for people who do not want to take any risks associated with investing. Well, you might not be able to make it as big as investing in the stock market but you get guaranteed returns. If you continue to compound your returns (convert your interest on deposit to the principal amount), you can build your wealth without having to take risk. It is a slow method but it is very good for simple minded people.