Relooking fixed deposits as interest rates rise

Q: I’m planning to put some funds into a fixed deposit now that the US Fed has raised rates. How can I maximise the rate that I earn? What makes more sense if rates rise further – a tenure deposit of eight months or 24 months?

Successfully managing your funds comes down to how well you are able to predict the direction of interest rates. While the pundits have their views, it is anybody’s guess how fast and far rates will rise.