You might have heard that fixed deposit bank accounts are a good option for low-risk investment, but you might not be sure if it’s the most suitable option for you. After all, there are also several other investment alternatives to choose from – how do you decide if fixed deposits are the one for you? Fixed deposit accounts are simple: you put in a preferred amount of money into your account for a selected period of time and withdraw this amount with its accumulated interest at the end of the selected term. For individuals who require a low-risk and low-maintenance way for capital growth, putting money into fixed deposit bank accounts might be a suitable choice for you. Before you decide, however, you have to know a few things, including factors such as liquidation policies and interest rate differences. ProsConsLow-risk and reliable investment optionOther investment options have...