this post was submitted on 14 Apr 2025
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Probably make a fixed deposit with the principal of 1 Million, and then after a year, (Assuming annual interest rate of around 7%) I would get 1.07 million, and give you 1 Million back, and still have USD 70,000, which is still a good amount to get for free. If we get quarterly interest rate, it would be slightly higher, so will try for that
Where are you finding low risk investments with that much interest? Genuine question. Maybe I should shop around more. I would expect closer to 3.5-4%.
In India Fieex deposits for a period of ~400 days offer that. For lower periods it is lower. It is not a great investment if you account for inflations (that would be another ~5%, so after a year, the effective value would be close to 1.07/1.05 ~= 1.0190476)