They are considered the safest and rather sedate, as they normally don’t give more than the savings account interest. Great place to park money which you may need at short notice, say a week or so, when you can’t afford to have the markets dip on you suddenly.
Money you have saved for your daughter’s marriage or buying a house, which you may have taken out of stock or mutual funds investments may be invested here.
Correct me if I am wrong.
(I am afraid we have deviated from the main topic.)
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