Are you keeping your money in a savings account? Your returns will be low because of the very low interest rate on savings account (about 2%), having a fixed deposit account will be very great for you. Fixed deposit is a short term investment; it is an investment account that allows a customer to keep a specific amount over a period of time at an agreed interest rate. At the end of the agreed tenure, the investment can either be reinvested (rolled over) or returned back to the customer (liquidated), this is usually based on the customer’s request.



Features of Fixed deposit account

The tenure of the investment is a minimum of 30 days and a maximum of 180 days, you can fix your money for, 30days, 60days, 90 days, 180 days and 360 days.
The interest rate is higher than that of saving account. Interest rate for fixed deposit varies depending on the amount, period of investment, and bank to bank
Read more on http://www.infonancialhub.com/fixed-deposit-account-get-started/

What wil i be doing with fix deposit when MMM is there?I dey craze? It is only a fool that wil put money in fix deposit this time around. Long Live MMM

Pierocash:
What wil i be doing with fix deposit when MMM is there?I dey craze?
It is only a fool that wil put money in fix deposit this time around.
Long Live MMM

You beat me to it. Rotten fixed deposit.

friends I believe keeping your money in the bank is more secured , you can do fixed deposit or buy treasury bills.