Most banks now offer 9.25% for FDs upto 5 years. For Senior citizens, the rate is upto 10%.
Considering the fact that I have not seen rates beyond these in the last 5 years, how many of you would consider this a good opportunity to lock in your capital for 5 years of assured return?
No doubt, equity has the potential to far outdo these returns, but for a consevative investor, this is as good as it gets IMHO. Anyone feels the rate will go even higher?
Considering the fact that I have not seen rates beyond these in the last 5 years, how many of you would consider this a good opportunity to lock in your capital for 5 years of assured return?
No doubt, equity has the potential to far outdo these returns, but for a consevative investor, this is as good as it gets IMHO. Anyone feels the rate will go even higher?