Fixed Assets Deposit

Fixed Assets Deposit

A fixed asset deposit is a type of investment offered by SLCB where a depositor agrees to keep their money locked in for a fixed period of time in exchange for a higher interest rate than what is offered on regular savings accounts. Fixed asset deposits are considered as a low-risk investment as the interest rates offered are usually higher than those offered on savings accounts or other types of deposits. The period for which the deposit is held is usually fixed, typically ranging from a few months to several years.