facebookParking money in deposits with high interest rate or low-risk money funds with higher interest rate? - Seedly

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Edited 04 Oct 2023

General Investing

Parking money in deposits with high interest rate or low-risk money funds with higher interest rate?

Some low money funds' interest rate is higher then fixed deposit's. no doubts, some fixed deposit. have higher rates but come with conditions that it is as good as going through many hoops.

Discussion (18)

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Just put half in each pot to have peace of mind.

No harm splitting your money and parking them in a variety of products with different rates and tenures. Spread out the risks

Depend on your risk acceptance And goals for my case I go for the low risk fund.

Depends on your risk tolerance and financial goals honestly

I think the key here is to understand your financial needs and the specific conditions you're comfor...

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