Perks of Fixed Deposits

One of the earliest and simplest asset classes offered by banks is fixed deposits. The interest paid on savings or current cash accounts is lower than the interest paid on fixed deposit holdings. Every person must diversify their investment portfolio by including a variety of annuity and dividend payout asset options.

Benefits

Simple Liquidity
Your deposits are safe, and they are also simple to liquidate. With the exception of tax-saving FDs, most FDs can be liquidated early with a modest penalty. Additionally, the process is fast and simple.