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I am planning to open a term deposit in a bank in UAE. Will it fetch me good returns?
Term Deposit
објавио/-ла је sanjiv gambhir у Дубаи Форум
Well don't think be lucrative enough , as the Intt. rate are governed by Central Bank guidelines and rate of intt. may not be attractive enough .
Best would be go for Fixed Deposit with a pre-planned tenure depending upon your financial and liquidity requirement .
Fixed Deposit would be a better option comparatively.
Your money stands secured and better than lending privately and earning higher rate of intt. but of-course with higher risk element.
Term deposit
објавио/-ла је lalita dainik у Дубаи Форум
Yes, term deposit is a good form of investment and savings. You will get steady income from it, which can be used for future purpose. Most banks in UAE offer this scheme but just ensure that you do it from a renowned bank.