Mr Victor Wong, director of wealth management at Financial Alliance, said fixed deposits are not liquid and early termination usually means the depositor will get back only the principal without some of the interest.Ĭustomers should also ensure the financial institution is in the Deposit Insurance Scheme. Mr Tan Chin Yu, senior client adviser at Providend, said an individual should look at the tenor he is comfortable with.
With so many fixed deposits on offer and at so many tenors, how is a depositor to choose?
