Why to choose a Fixed Deposit over a tradition savings account ?

Two forms of investments that people usually believe in, is, either FD or a savings account.
However, not many know that investing in an FD is a far more superior option that a
savings account. Some of the benefits that an FD offers over a savings account is listed as follows:
Interest rate:
Interest rates offered on an FD, and a savings account differs.
Higher interest rates are offered even on short term FDs.

Disciplines your finances:
If you have money in your savings account, you tend to spend it without
keeping an eye on where it's going.
Ultimately you end up spending more than decided.
However, an FD does not allow the same, and your money remains intact.

A lower amount of risk:
An FD is any day safer than a savings account
since there are fewer chances of fraudulent practices.

 Flexibility:
An FD offers more flexibility in terms of interest rates, tenures, and amount.
However, a savings bank account does not allow the same.

Therefore, a wise investor will always go for an FD over a savings account.

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