Summary:
Pune, Maharashtra, India (Newsvoir) Investing in a sound financial tool that is unlikely to get impacted by market fluctuations is a great option to safeguard one"s earnings.
Fixed deposits and savings accounts are both stable investment platforms that give investors the opportunity of earning fixed, secured returns.
As an investor, one may find it better suited to park savings in the bank.
However, this is isn"t the smartest option as steady investment tools generally do not reap impressive returns.
Savings account interest rates range between 2.5% and 5.5%.
To get the dual advantage of high returns and deposit safety, consider investing in a company fixed deposit like Bajaj Finance.