what is Fixed Deposit and how to open it
Toady I am going to explain what is fixed deposit and how its going to work with Fixed deposit is certain amount of money keeps for certain time. some bank says that please keep this amounts of money should keep. Sometime minimum is 200$ or 1000$. it depends on banks policy. Fixed deposit Certificate deposits and time deposits and Fixed deposits , same meaning. As per savings rate, fixed deposit rates higher but no flexibility. If you need to put flexible fixed deposit you should usaa fixed deposit(CD).