Many invest in bank fixed deposits and treat it as the most secure place to park their savings. However, fixed deposits should largely be viewed as a place to park money with the objective of preserving the capital rather than a means to create long-term wealth. Fixed deposits suit ultra-conservative investors as they do not settle for anything other than fixed and assured return with high safety.
However, ultra-conservative investors should look at traded insurance policies that give you a higher returns and policies are also back by SDIC in the event of default of insurers. Read more on SDIC website.