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What is the difference between commercial banks “Time/Fixed Deposit” and SwissCash s SIP?

April 26, 2017Banks Commercial difference SIP swisscash time/fixed deposit

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What is the difference between commercial banks “Time/Fixed Deposit” and SwissCash s SIP?

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FD yields you a return of 1-7% per annum depending on the bank, while SIP will yield you an average of 20% per month, equivalent to 240% per annum. You are able to “Surrender” your T/FD contract at anytime and collect back your principal but SwissCash s SIP does not have a “Surrender” policy. You are not able to collect back your principal midway through or even after the completion of the program.