Don’t get misled by high FD yield of over 12%; know how to check ‘actual’ interest rate of fixed deposits

Some financial institutions and companies even highlight a whopping "annualised effective yield" while advertising their fixed deposits. For instance, a popular small private sector bank is offering an annualized yield of 12.35 per cent for its ten-year fixed deposits. While a 12.35 per cent yield on a fixed deposit is a stellar deal, will you actually get that much return at the end of maturity?

from Personal Finance News-Wealth-Economic Times https://ift.tt/OrGjCMu
via IFTTT

Comments

Post a Comment

Popular posts from this blog

How to Establish a Good Relationship and Where to Use It

Image
How and where to Create a Good Relationship Do you want your partner to feel loved and connected to you? These pointers can learn how to develop and maintaining a healthy, pleasant, and rewarding romantic relationship. Creating positive relationship Every love affair has its ups and downs, and they all require effort, dedication, and the desire to adapt and evolve alongside your partner. There are actions you can take to build a healthy relationship, whether you're just starting out or have been together for years. Even if you've had a lot of unsuccessful relationships in the past or struggled to rekindle the romance in your present relationship, there are ways to stay connected, achieve contentment, and enjoy long-term happiness. What makes a relationship healthy? Every relationship is different, and people have met for a variety of reasons. Sharing a common goal for what you want your relationship to be and where you want it to go is part of what forms a healthy relationship.
Read more

12 New Fund Offers open for subscription

Image
12 new fund offers (NFOs) from 11 fund houses are open for subscription at this moment, including Aditya Birla Sun Life Business Cycle Fund, Axis Nifty 50 Index Fund and Edelweiss Large & Midcap Index Fund. from Personal Finance News-Wealth-Economic Times https://ift.tt/3FplU88 via IFTTT
Read more