Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❓ASK Is it safe to invest in fixed deposit in banks during this pandemic ?

Josemendez

Ruby Member
LV
0
 
Joined
Apr 8, 2019
Messages
11,126
Reaction score
285
Points
170
Awards
1
BMF Points
$227
Rating - 0%
0   0   0
Fixed deposit involves someone putting a fixed amount of money for a fixed year in a bank or other financial institutions.

Now banks makes interest from this Money through loans they give out to businesses .
Considering how businesses have been affected by the pandemic , is it advisable to invest in fixed deposit ? , will banks be able to make interest that they will pay you from the deposit ?
 
No, because currently nearly all banks are stretching their limit, giving loans to multiple businesses to keep them stay afloat, if they can't endure this some of them might collapse.
 
Fixed deposit involves someone putting a fixed amount of money for a fixed year in a bank or other financial institutions.

Now banks makes interest from this Money through loans they give out to businesses .
Considering how businesses have been affected by the pandemic , is it advisable to invest in fixed deposit ? , will banks be able to make interest that they will pay you from the deposit ?
It depends on your currency, if your country's currency is USD, EURO, GBP, JPY,... yes it is likely a good decission, but if your economy is a messy like high inflation rate and like that, no thats too bad, cause ur money will lose it value during the time
 
It depends on your currency, if your country's currency is USD, EURO, GBP, JPY,... yes it is likely a good decission, but if your economy is a messy like high inflation rate and like that, no thats too bad, cause ur money will lose it value during the time
I absolutely agree. In my country, fixed deposit isn't a good idea at all because the inflation rate is something else. I would rather do safe investments that even yield way more than any rate the banks can give.
 
Considering the current situation in my country keeping money in fixed deposit is safe and lucrative if you don't have any business to invest it on because busineses needs loans to survive which inturn banks will gain from the profit accrued on this loan and share with you.
 
Considering the current situation in my country keeping money in fixed deposit is safe and lucrative if you don't have any business to invest it on because busineses needs loans to survive which inturn banks will gain from the profit accrued on this loan and share with you.
I think I support your point . businesses will definetly need financial assistance to shake off the financial effect of the covid-19 pandemic .
Also the interest rate now may be higher than before , because most people will be looking for loans
 
i don't really recommend that as you might not know if you'll need money or not in that period of time, especially that fixed accounts has some restrictions when it comes to withdrawing
 
i don't really recommend that as you might not know if you'll need money or not in that period of time, especially that fixed accounts has some restrictions when it comes to withdrawing
Thanks for the tips , however the money I want to invest is a lonely money that I won't be needing in the next 6 months . so am thinking of keeping it there because I have a plan for it .
 
Fixed deposit involves someone putting a fixed amount of money for a fixed year in a bank or other financial institutions.

Now banks makes interest from this Money through loans they give out to businesses .
Considering how businesses have been affected by the pandemic , is it advisable to invest in fixed deposit ? , will banks be able to make interest that they will pay you from the deposit ?
It is not worth it to out your money in a fixed deposit.What you will get is meagre compared to what you will get if invested in fast moving consumable goods or services.Pandemic is on and so what?For the mere fact that Banks are working is an indication that some sectors of the economy are still running.Look at medicals and medical equipment,transportation,agro alied products.Look around you,opportunities abound
 
When you make a fixed deposit,your terms and conditions will not change the bank can never cancel a contract because you can sue them.But is not advisable to bankbmoney anymore.It's better to invest in a reliable project because the bank's make money onbyoyr head triple or more as compare tobtye interest they give you.
 
Fixed deposit involves someone putting a fixed amount of money for a fixed year in a bank or other financial institutions.

Now banks makes interest from this Money through loans they give out to businesses .
Considering how businesses have been affected by the pandemic , is it advisable to invest in fixed deposit ? , will banks be able to make interest that they will pay you from the deposit ?
I am not sure, but during this pandemic, people who have cash is the king. Saving money in bank is safe but i prefer to use it for making more money
 
When you make a fixed deposit,your terms and conditions will not change the bank can never cancel a contract because you can sue them.But is not advisable to bankbmoney anymore.It's better to invest in a reliable project because the bank's make money onbyoyr head triple or more as compare tobtye interest they give you.
You have said it. What banks make from all these deposits is so huge compared to the meagre amount given to the owner. Good Investments are a better way in my opinion of tying down some cash not in use.
 
Since the pandemic have really affected a lot of thing and businesses I don't think it will be a good idea , since those interest might be small or nothing , well it depends on the bank you use
 
Fixed deposit involves someone putting a fixed amount of money for a fixed year in a bank or other financial institutions.

Now banks makes interest from this Money through loans they give out to businesses .
Considering how businesses have been affected by the pandemic , is it advisable to invest in fixed deposit ? , will banks be able to make interest that they will pay you from the deposit ?

To me it still safe though it depends on banks and the country. Even though you want to put your money the duration should not much
 
To me it still safe though it depends on banks and the country. Even though you want to put your money the duration should not much
The longer the time frame of the fixed deposit investment , the higher the profit to be gained. So if one fixes for few months , he shouldn't expect much profit
 
yes it is save there because the bank is holding 98% of your cash so why not.. but you can never tell when emergency will arise, but it is another way to save hardenedly
yes its very safe to invest in fixed deposit but its depend on banks its not every bank that pays the same interest rate and the amount of money you need to invest must be a reasonable amount of money that can bring you good return,fixed deposite pays the most you can buy stock for future use in the same bank .
 
It also depends with the bank. I would trust well established global banks that have in operation for decades. Some of the new banks of today cannot be trusted.
i think we can classify them into A,B,C and grade. A bank is for big nationa or international bank. i think state ownwed bank is more secured and trsuted
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.