10 Best Short Term Investments To Earn Quick Money
Certificate of Deposit
A certificate of deposit is sold by banks. It has a fixed maturity period. Youre given a guarantee of getting back your principal investment and a fixed rate of interest is decided ahead. So you know ahead how much youll get at the time of maturity. Premature withdrawal is not allowed. This is a low risk, low return investment.
Treasury Bills
Treasury bills are issued by the Reserve Bank of India, to meet the short term financial needs of the government. These are sold through fortnightly and monthly auctions. The minimum amount of investment is 1lakh. Interest rate is determined by the market. The maturity period is either 91 days or 364 days. These are low risk and highly liquid investments.
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