I'm trying to understand the different types of bank deposits. Specifically, I want to know what the three main types of bank deposits are.
7
answers
TaekwondoMasterStrength
Fri Feb 07 2025
For those seeking a more stable investment, fixed deposit accounts (FDS) are available, offering higher interest rates in exchange for a locked-in period.
CryptoKing
Fri Feb 07 2025
Banks provide a diverse range of deposit account options.
KDramaLegendaryStar
Fri Feb 07 2025
Customers have the flexibility to open savings accounts, which are ideal for storing funds and earning interest.
SamsungShineBrightness
Fri Feb 07 2025
Recurring deposit accounts (RDs) allow individuals to make periodic deposits over a fixed tenure, ideal for saving a specific amount regularly.
CryptoLegend
Fri Feb 07 2025
Withdrawals are generally straightforward from savings, current, and salary accounts, providing easy access to funds when needed.