Fixed Deposit Account
An account that earns you interest at an agreed rate, based on the sum of money deposited. Fixed deposits are loan arrangements where a specific amount of funds is placed on deposit under the name of the account holder. The money placed on deposit earns a fixed rate of interest, according to the terms and conditions that govern the account. Fixed deposits are a credible way to make a return on investment. The great thing about fixed deposits have to be the interest rates. Some fixed deposit interest rates can be as high as 50%[SIZE=7] - that's enormous in the interest rate world. The interest rates will be like and you can kick back and watch your money grow over time. The what makes it interesting is the treatment of the interest paid if you choose to rollover/re-invest.. that adds to your