Setting specific goals with properly defined timeframes helps you put your time to good use. You'll be surprised how much time you have left to invest in other activities.
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Still on Personal Finance 101
We're learning about #creditscore today.
This score directly translates to a person's financial standing. A high credit score denotes good financial standing whereas a lower score denotes otherwise.
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Fixed deposit continued...
FD interest rates vary from bank to bank, based on the amount being invested. This investment has high liquidity with applied charges.
Fixed deposit
These are sold by banks and investment companies. They have higher interest rates than Tbills. Interest from this investment is subject to tax. FDs can be used as collateral but not accepted by all banks.
Did you know that rates are negotiable?
Usually financial institutions have base rates for services to which these apply. However, they also have maximum thresholds for these same products. You can make the most of as low as 1% interest gained or saved.