Love ’em or hate ’em, the investment world just can’t go on without them.

By definition: fixed deposits are a low risk investment that guarantee your investment and gives stable returns. In two words: enforced savings.

Typically, you put in a huge chunk of your savings in a financial institution and they’ll allow you to redeem the amount + interest earned after a fixed time period.

While every investment carries risk, fixed deposits are the low risk, low returns haven that most would allocate a portion of their portfolio to, buffering the impacts of unfavourable, volatile, price changes of more high risk, high returns investments .

In Singapore, the government has launched the Singapore Savings Bonds as a fail-proof method for the man on the street to grow his money for the long-run. Personally, I do love how you only need a minimum of $500 to get started, interest is paid out …