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Which is better between putting my money in fixed deposit and using education policy

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To invest in insurance education policy or fixed bank deposit depends the benefits that you will get at the end of it. The only reason why I recommend fixed deposit over insurance education policy is that education policy is not flexible and the returns are low (2 to 5%) (looking at it from an investment point of view).

I&M has the best interest rates when it comes to Fixed Deposit (https://www.imbank.com/interest-rates)

Alternatively you can invest in CBK long term bills and bonds that attract about 10% interest rate without any hidden terms.

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