Is fixed deposit considered as one of the safest investment option?
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Is fixed deposit considered as one of the safest investment option?
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Answer:
Not in Singapore. Here, the interest rates are much smaller than inflation and therefore if anything, it is the safest way to depreciate the value of your money.
Koustuban Ravi at Quora Visit the source
Other answers
Yes! http://www.dbs.com.sg/personal/deposit/fixed/default.page is indeed one of the safest investment options⦠you put your money into an FD for a fixed term and at a fixed rate of interest that does not change with market fluctuations. So it gives a greater sense of security. As opposed to this, investing in the stock market, for example, is like a gamble. You have to stay on your toes to keep up with the market trends as they determine how much you make or lose
Sincha Yanki
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