UNDERSTANDING FIXED DEPOSITS

Your investment portfolio must be diversified. Having a good mix of High , Medium & Low Risk investment instruments.
A Fixed Deposit is a good way to invest lump sums of money that you will eventually need in the short to medium term. The returns are not as great as other investments, but it is much better than that of a Savings Account.
#LetsTalkMoneyWithCarlton
Interest Rates in Jamaica
JN - 0.2% - 2.10%
BNS - 0.1251% - 0.65%
NCB - 0.2% - 1.75%
JMMB - 0.75%- 2.75%
Cornerstone Merchant Bank- 1.10% - 3.10%
Sagicor - 0.60% - 2%

[@rosh6689]

I just love the practical gems dropping on this channel!!!

[@uzziyahuim-ul4666]

Thank you for sharing. You’ve opened my understanding quite a bit

[@anitab.sarpong4685]

Well explained, thanks,🙏

[@Jaingameworld6361]

Great advice

[@TrukMac]

Big up Let's Talk...

[@marvabrevitt6912]

Big up my nephew Carlton

[@teachers.higgins2150]

Wow I didn't know we could invest in a fixed account

[@Deanpersonal]

I'm here because of your tik tok.

[@michaelgrant5312]

On fixed deposits can you collect your interests monthly and how much is the percentage monthly

[@Jaingameworld6361]

2% yearly or monthly

[@ashakaci4008]

Can you keep putting money in the account or is it that just one the initial deposit?

[@letstalkmoneywithcarlton4046]

You can add lump sum to it when they mature at each cycle.

[@user-es9hu2qq4w]

How much do I nid t open up a FD,account ?,n how d interest rate

[@letstalkmoneywithcarlton4046]

Most companies a minimum of $50,000.00

[@ezrakanu2986]

Can you continue to put money into your fix deposit account?

[@sharonbisola7462]

Yes, you can continue to put money in your fixed deposit account, because the higher the amount, the higher the interest

[@sandranakibuuka9195]

Can I deposit any time I want?

[@letstalkmoneywithcarlton4046]

You can deposit on the day your fixed deposit matures

[@HACKER-il8pq]

No sound

[@blendzlyphe9998]

Whats cornerstone merchant bank?

[@letstalkmoneywithcarlton4046]

Jamaica’s sole Merchant Bank. They are located at 17 St Lucia Avenue

[@Natures493]

Thanks now I Overstand the fixed deposit account , I gotten a large settlement pay out from accident so I guess saggicor is best for a fixed deposit ?

[@gillianthompson6867]

Remember to drop the interest rates for the fixed deposit accounts out her in ja

[@letstalkmoneywithcarlton4178]

Thanks for that! Just added it.