arunima25
Verified member
12 percent is a very competitive rate and if I was in your country I would have gone for it with maximum of my saving budget. And definitely a good choice for elderly who do not want the trouble of understanding the market and keep a close track of it to do investment in market like shares, bonds etc. And starting a business needs a lot of energy and planning. So youth are more suited for it.In my home county, you can get up to 12 percent interest for fixed deposit bank accounts. Due to the high return on investment, a lot of old people prefer to save money in a fixed deposit bank account. However, for young people taking a risk and investing in other things like shares, or building own business are better choices.