Bank fixed deposits (FDs) remain a popular investment choice, especially among risk-averse investors and retirees seeking a steady stream of income.
However, putting all of your eggs in the FD basket is risky
To illustrate, a fixed deposit (FD) may not be the best way to save for your child's college education
if it's still 15 years away, as the post-tax interest rate of an FD may not give you
a real return (return that is above the rate of inflation), but it can be useful if you want to take a vacation in two years.