1. Whether this money is a part of my emergency fund or my war chest, in the event that I need to use the money during the lock up period, there will be punitive costs which I have to bear.
2. To avoid these costs, once in, the only option is to stay with the product till maturity. A time period of 4 to 6 years is relatively long and there is a good chance that opportunities might come knocking during that time.
3. There are many offers of promotional interest rates for fixed deposits by banks here and I ......Recently, I came across offers from two banks to place money in structured deposits offering higher returns than fixed deposits. The promised returns were approximately 1.45% to 1.85% per annum in return for the funds being locked up for 4 to 6 years.
I was not attracted by these offers because:
1. Whether this money is a part of my emergency fund or my war chest, in the event that I need to use the money during the lock up period, there will be punitive costs which I have to bear.
2. To avoid these costs, once in, the only option is to stay with the product till maturity. A time period of 4 to 6 years is relatively long and there is a good chance that opportunities might come knocking during that time.
3. There are many offers of promotional interest rates for fixed deposits by banks here and I ......
1. Whether this money is a part of my emergency fund or my war chest, in the event that I need to use the money during the lock up period, there will be punitive costs which I have to bear.
2. To avoid these costs, once in, the only option is to stay with the product till maturity. A time period of 4 to 6 years is relatively long and there is a good chance that opportunities might come knocking during that time.
3. There are many offers of promotional interest rates for fixed deposits by banks here and I ......
