fixed deposit

July 10, 2011 3:44am CST
i ask my friend whats the safest way to invest your money i said i only have a small capital but i have monthly salary.he told me to just have a fixed deposit in your bank.im wondering is it the safest way to do and to earn?
1 person likes this
3 responses
@syoti20 (5295)
• Philippines
11 Jul 11
Fixed Deposit is like Time Deposit If I am not mistaken. Since you said you have a monthly salary. You start from saving money from an account you promise to withdraw the money for s span of time. If you are in Philippines BPI has an offer where you can deposit such amount and you gain interest and once you achieve an amount without withdrawal make. You will another earn from that term. Are you from Philippines?
@wow2dong2 (204)
• Malaysia
10 Jul 11
I think fixed deposit is the safest way for earning even though the interest given is not very high in my country. I never try invest by other method such as invest online, because i never believe it even though they paid us very high interest, but high risk also, isn't it?
@Cutie18f (9563)
• Philippines
10 Jul 11
Fixed deposit can give you higher interest than ordinary savings. However, if you only put a little amount, the interest will also be minimal.