5 Best 3-5 Year Fixed Deposits To Invest

Among the most widespread investment options is the fixed deposit (FD). Bank FDs are favoured by many investors over mutual funds because they are deemed safer. In contrast to mutual funds, the return on a bank FD is set and determined at the point of investment. The minimum and maximum terms on which an FD may be maintained differ from one bank to the other. FDs can usually be maintained for a minimum of seven days and a limit of ten years according to someone's needs. So if you are willing to invest in fixed deposits for secure returns, here are the 5 banks that are currently promising higher interest rates.

3 Year Fixed Deposits

If you want to invest for medium-term then here are the 5 banks that are currently promising higher returns on 3-year deposits to both regular and senior citizens.

5 Year Fixed Deposits

Below are the 5 banks that are giving higher returns of 5-year deposits to both regular and senior citizens.

Conclusion

An investor's risk tolerance standard influences his or her investment choices. Higher returns often come at a higher risk, which may imply risking a large sum of money in the future if the market turns against you. An optimal investment portfolio is a combination of risky and risk-free holdings that is tailored to an individual's risk management capability and risk appetite. When it comes to risk-free investments and guaranteed returns, fixed deposit investments are a safe bet. It not only ensures secure returns, but it also ensures that your deposits are covered by the DICGC.