How does a fixed deposit work? Fixed deposits are a form of time deposit. In return for the higher interest rate, you promise to keep your cash in the bank for a specified amount of time (for example, six months, 18 months, or years).
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Basically, FIXD is kind of like a FitBit for your car. (Or like a mechanic’s OBD error code reader on steroids.) fixd actively monitor’s your vehicle’s health with a free app on your smartphone and gives you instant alerts if a problem is detected and decodes errors in plain English so you know what’s going on.
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In a fixed deposit investment, interest is only paid at the very end of the investment period. This is unlike regular savings accounts, where interest is calculated daily and typically paid to you at the end of each month.
Fixed Deposit(FD) is an investment product which allows you to invest a lump of money for a fixed time period and at a fixed rate of interest. It is quite popular form of investing in India. Fixed Deposits are bank deposits for a fixed or specifie…
Fixd is also a handy maintenance tool that can remind you when your car needs service. How does Fixd work? Fixd features a sensor that plugs into an OBD-II port in your car (more on that in a moment).
Note: Per the company’s FAQ, FIXD also works with gas-powered trucks purchased in the U.S. that have a GVWR (gross vehicle weight) less than 14,500 lbs. However, it does not currently work with diesel-powered vehicles or electric-powered vehicles.
And whenever there’s a problem, the Fixd app can send you push notifications so you know what’s happening in your car. The Fixd app can work with multiple cars, so if you want to put a sensor in each of your family’s vehicles, you can do so, and you’ll receive the data from all of your cars on one phone.