I'm looking at the two top rates on raisin bank to invest most of my savings.
The first 3.5% rate is 1 year fixed and the other one is 3.5% 3 month fixed.
I do not need access to this money in any of these terms. I feel I'm financially illiterate, and would Iike some advice.
The 3 month option allows you to either withdraw interest at 3 months, it also allows to prolong the investment and you can reinvest your matured value.
Is there any benefits to the year option in this case ?
Maybe for taxation at the end of the year or fees ?
Any advice about this would be kindly appreciated, and If anyone wants to give a referral.
The first 3.5% rate is 1 year fixed and the other one is 3.5% 3 month fixed.
I do not need access to this money in any of these terms. I feel I'm financially illiterate, and would Iike some advice.
The 3 month option allows you to either withdraw interest at 3 months, it also allows to prolong the investment and you can reinvest your matured value.
Is there any benefits to the year option in this case ?
Maybe for taxation at the end of the year or fees ?
Any advice about this would be kindly appreciated, and If anyone wants to give a referral.