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Wednesday 26 December, 2007

Fixed Rate of Interest

1. Do not get carried by this one liner of fixed rate of interest as it has a star attached to it in form of money market clause i.e. one may be made a scape goat if the rate of interests swings widely and generally the term is fixed at 3 years.

2. Check the time when the rate may be reviewed if the tide turns against you as fixed is not always fixed.

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