Interest Accounts

Interest accounts are financial accounts that earn additional money, called interest, over time. When you deposit money into such an account—like a savings account or a fixed deposit—the bank pays you a certain percentage of your balance periodically, as a reward for keeping your money there. The interest rate can vary based on the account type and market conditions. Essentially, these accounts help your money grow gradually without risk, providing a safe way to earn extra income while keeping your funds accessible or invested for a specific period.