Certificate of Deposits --with banks

Radha Krishnan's Avatar

Radha Krishnan

12 May, 2022 06:00 PM

Should these be created as bank accounts or Investment accounts

  1. 1 Posted by dwg on 12 May, 2022 09:52 PM

    dwg's Avatar

    There is no hard and fast rule.

    Personally I tend to do things like Term Deposits as bank accounts, as my bank gives them account numbers just like any other account and I just receive interest payments from them. There is no buying or selling like you have with share and other similar investments and their is no "price" associated with them.

  2. Maddy closed this discussion on 13 May, 2022 03:41 PM.

  3. N Radhakrishnan re-opened this discussion on 14 May, 2022 12:05 PM

  4. 2 Posted by N Radhakrishnan on 14 May, 2022 12:05 PM

    N Radhakrishnan's Avatar

    thank you

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