A fixed deposit (or FD)  is a type of bank account where you save money with a bank for a set period of time (a ‘term’) such as 3, 6, 12 or even 60 months. In return, the bank pays you a fixed rate of return at the end of that term (when it ‘matures’). If you’d like to learn more about whether you should save in fixed deposits, click here.  If not, read on to learn how to choose the right FD for you.