(Previous) How long is my money fixed for?
Usually, the money you want to fixed is removed from your account and the interest is paid into your account monthly. So for example, you want to fix N500,000 for 60 days and the bank has offered you an interest rate of 7%. You have N550,000 in your account. Once you confirm you’re making thearrangement and sign all the necessary documentation, the N500,000 “disappears” from your account to be “fixed”.
Next how is fixed deposit interest calculated
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