



( Savings Account )
Best for: Emergency funds and everyday savings.
Interest Rate: Low (varies by bank).
Liquidity: High (easy access to funds).
Features: May have withdrawal limits and minimum balance requirements.

Fixed Deposit (FD) / Certificate of Deposit (CD)
Best for: Earning higher interest on locked-in savings.
Interest Rate: Higher than savings accounts.
Liquidity: Low (penalty for early withdrawal).
Features: Fixed tenure (e.g., 3 months to 10 years).

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