In which type of account we should deposit our money in order to earn higher rate of return ?

A Current
B Savings
C Fixed deposit
D Home savings account

Correct Answer: Fixed deposit

Fixed Deposit Account Some bank customers may like to put away money for a longer time. Such deposits offer a higher interest rate. If money is deposited in a savings bank account, banks allow a lower rate of interest. Therefore, money is deposited in a fixed deposit account to earn interest at a higher rate.
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