Fixed deposit ranking in MFIs as of May
Today we show you ranking of fixed deposit in MFIs.
If you have some money that you will not use for more than a month, you want to consider keeping it in a fixed deposit account because you get more interests!
Banks and microfinance have different terms of fixed deposit which usually starts from 1 month to 5 years at the longest.
Also you can choose whether you want to receive the interest monthly or on the end of the term which is called maturity.
Usually if you receive on the maturity day, you get higher interest, but if you receive monthly, you can use the interest or keep the interest in your saving account which also generates interests!
Please be careful with the minimum deposit which is mostly 5USD to up to 50USD.
Let’s check the ranking!