10 Best Short Term Investments To Earn Quick Money
Bangalore: Short term investment normally refers to an investment for duration of 1 year to 5 years. It has a certain set of advantages over long term investments or keeping money in savings accounts. First of all, the risk involved is very less. In a short term investment, your money is not locked up for an extended period of time. Unlike savings accounts, here you'll get substantial return on investment. Here's the list of 10 best short term investment options available in the market.
Fixed Deposits
Fixed deposit is perhaps the safest investment option available today. You get a fixed interest of 4 percent to 11 percent. You are not allowed to withdraw before the maturity period is over. The maturity period varies from as less as 10 days to as long as 10 years. You start to receive your interest amount 3 months after deposit. In case of premature withdrawal, there'll be some penalties. Fixed deposit accounts offer income tax benefits.
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