THE OPTION SCHOOL's video: Are you losing money when shifting to a higher interest rate FD The Option School

Is it wise to take premature withdrawal of low interest fixed deposit and create a new higher interest Fixed deposit? Check this ready reckoner. Register for Free Webinar https://bit.ly/3nliqzH Link for Google form https://forms.gle/t5HARxDszDL3bmqS6 Join Our Telegram https://t.me/theoptionschoolchannel https://theoptionschool.in/ Twitter The Option School https://twitter.com/theoptionschool Subscribe to our YouTube channel https://goo.gl/e5tTbN Link to download THE OPTION SCHOOL App Android :- https://bit.ly/38auv3w IOS :- https://apps.apple.com/in/app/myinstitute/id1472483563 Download "My Institute" App and enter org code: dwuye If you're considering closing your old fixed deposit in bank with a lower interest rate and opening a new one with a higher interest rate, you're not alone. With interest rates on the rise, many people wonder if they should switch to a higher yield. We are providing calculator to help you make an informed decision. Now, let's talk about the impact of rising interest rates. When interest rates rise, the rate of return on new fixed deposits will also increase. This means that if you open a new fixed deposit account today, you'll likely earn a higher rate of interest than you would have a year ago. However, if you already have a fixed deposit with a lower interest rate, you may be wondering if it's worth it to close that account and open a new one. The answer to this question depends on a few factors. First, you'll want to compare the interest rate on your existing fixed deposit account to the interest rate on new fixed deposits being offered by banks. If the difference is significant, it may be worth it to switch to a new account. However, keep in mind that there may be penalties for closing your old account early. Another factor to consider is the length of time remaining on your existing fixed deposit account. If you have only a few months left on your current account, it may be better to wait until the account matures before opening a new one. This will allow you to avoid any penalties for early withdrawal. In conclusion, rising interest rates can be a good thing for those looking to earn more on their fixed deposits. However, before making any changes to your existing account, be sure to compare rates and consider any penalties for early withdrawal. By doing so, you'll be able to make an informed decision that's best for your financial situation. TOS The Option School Recent videos form The Option School channel How to set weekly alerts for option strategy https://youtu.be/Nd9rXPMdrUM Weekly option trading strategy https://youtube.com/live/fPoujlLdRik Ratio Spread Option Strategy https://youtube.com/live/n37MoW4Y03M Covered call Option Strategy https://youtube.com/live/LyIGKwU22BA Iron condor Option Strategy https://youtube.com/live/2m0OQPdmr9k 👉 FOR OPENING ACCOUNT WITH TRADE JINI : - http://bit.ly/3JsnjOM No account opening charges for our clients. 👉 FOR OPENING FREE ACCOUNT WITH ANGEL BROKING :- http://tinyurl.com/r3rnlds Tags the option school,fixed deposit,the option school youtube,Fixed deposit rates,Investing in fixed deposits,fixed deposit interest calculation,High yield savings,Bank deposit rates,best fixed deposit,Best option for fixed deposit,fixed deposit in bank,Maximizing returns,fixed deposit interest rates,Financial planning.,trading,options strategies,OPTIONS COURSE,Managing finances,Interest rate comparison,Early withdrawal penalties,long-term investments