How long should you invest in FD?

How long should you invest in FD?

The answer to how long should you invest in FD amid current high rates should depend on when you need your funds.

The answer to how long should you invest in FD amid current high rates should depend on when you need your funds.

History of Fixed Deposit rates over the last decade says we are not likely to get much better than 7-8% interest, especially if inflation remains mild.

History of Fixed Deposit rates over the last decade says we are not likely to get much better than 7-8% interest, especially if inflation remains mild.

Therefore, it makes sense to lock in to the longest available tenors at peak rates.

Therefore, it makes sense to lock in to the longest available tenors at peak rates.

At peak rates, there’s less need for laddering for better average rates and liquidity at various intervals.

At peak rates, there’s less need for laddering for better average rates and liquidity at various intervals.

According to Adhil Shetty of Bankbazaar.com, the ideal solution for depositors in current scenario is to have one FD at the highest rate.

According to Adhil Shetty of Bankbazaar.com, the ideal solution for depositors in current scenario is to have one FD at the highest rate.

Having one FD at the highest rate will ensure better returns for longer. This FD can also be part-liquidated when the need arises.

Having one FD at the highest rate will ensure better returns for longer. This FD can also be part-liquidated when the need arises.

Several banks have recently increased their fixed deposit interest rate. See details in the link below

Several banks have recently increased their fixed deposit interest rate. See details in the link below