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please list 3 benefits/advantages of investing your money in fixed deposite in malaysia

please list 3 benefits/advantages of investing your money in fixed deposite in malaysia
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Answer #1

Basic advantages are

Assured returns : fixed deposits offer assured returns which is not available in stocks or mutual funds

Fixed deposits are insured in Malaysia: FD are regulated by (PIDM) a govt organisation which will insure fixed deposits and protect investors against defaults

Flexibility with tenure: several banks offer fixed deposits at different tenures

High interest than savings account : banks offer higher return for FD while in comparison with saving account

Easy cashing: can be withdrawed easily than mutual funds

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