If you’re considering investing in high interest fixed deposit (FDs), perhpas you have come across Stable Money as of the platform where you can do this. I recently invested 2lac via Stable Money in High Interest FD and here is my experience—both the good and the not-so-good—to help you make an informed decision.
This post covers:
- Why I chose Stable Money
- Onboarding Process, High Interest FD
- Tracking, Premature Withdrawal, Penalties
- The platform’s strengths and weaknesses
- Key things to know before investing
Why I Chose Stable Money for Fixed Deposits
- RBI Secured Investment: All the Bank FDs listed on the platform are secured by DICGC [RBI] upto 5lac. This means an investor can make multiple FD of 5lac in different banks via the platform, and all of them will be secured. In this manner, a family can invest in highest security asset. For example, there are 4 family members in my family. Each can book FD in 4 banks for 5 lac each. So that 4x4x5 = 90lac secured by RBI.
- Good Interest Rates: I booked for 8.8% for just 12 months tenure. At quarterly compounding, the net CAGR was close to ~10%. Super impressive for such a safe investment.
- App Interface: The app is made well. It gives a lot of info. Enough to make me trust it. I did not feel wanting for anything at any step.
All these made Stable Money look pretty attractive to me.
A few months ago, I had some funds & was looking to invest. At the time, the Reserve Bank of India (RBI) had been cutting repo rates, signaling that FD interest rates across banks would likely decline soon. So I booked an FD, and sure enough, just two days after, the rates dropped by 0.3%.
Onboarding Process & Interest Rates
The investment experience was seamless:
The entire process took just 15–30 minutes
Required a video KYC (completed quickly)
The platform was easy to navigate from start to finish. And my investment was done in under 30 minutes. Impressive!
Investment Details: My Fixed Deposit Snapshot
- Amount invested: ₹2,00,000
- Bank: Shivalik Small Finance Bank
- Interest rate: 8.8%
- Tenure: 12 months
At the time, this was one of the best FD on the platform. The rates might have changed since then.
Tracking, Premature Withdrawal & Penalties
The Stable Money dashboard is clean, intuitive, and great for tracking your investment. Here’s what I liked:
- Live interest tracking—you can literally watch your money grow
- Downloadable receipts for every transaction
- Transparent breakdown of your FD’s details
These features make the platform transparent, and beginner friendly.
The Downside: Premature Withdrawal Penalties
Here is 1 downside of booking FD via Stable Money. A few months in, I needed to break my FD early. That’s when I learned how steep the penalties can be:
- The interest is received came from 8.8% to just 3.25%
- An additional 1% penalty was deducted
- The total interest fell from around ₹3,000 to just ₹1,000
Fund Withdrawal: Transparent & Smooth
- To Stable Money’s credit, their early withdrawal calculator was accurate. I tested the withdrawal estimate and the amount I eventually received matched exactly. So for me they are transparent & honest, even if the terms weren’t in your favor for early exits.
- The app first showed that funds will be transferred in 36 hours. After completing the process, the timeline displayed was of 72 hours. But I received the funds within 36 hours. Smooth & hassle free.
- The app continues to show your FD details, even after initiating withdrawal, which adds an extra layer of confidence.
Conclusion: Pros & Cons of Investing with Stable Money
✅ What I Liked
- High interest rates
- Secured by RBI
- Quick and easy setup
- Clean, user-friendly dashboard
- Transparency and accurate interest tracking
⚠️ What I Didn’t Like
Very Low returns if you withdraw early.
Final Verdict: Who Should Use Stable Money?
Stable Money is a great choice if:
- You want to lock in high FD interest rates
- You’re 100% sure you won’t need to withdraw early
- You prefer an easy-to-use, digital-first platform
Stable Money is not ideal if:
- You might need early access to your funds
- Liquidity and flexibility are your priorities
- In such cases, liquid mutual funds or high-interest savings accounts may be better alternatives.
Overall, my experience with Stable Money was positive, thanks to the smooth interface, fast onboarding, and transparent communication. However, the penalties for premature withdrawal are steep and should not be overlooked.
I’ll continue to invest through Stable Money—but only with money I’m confident I won’t need before the FD matures.
If you’re considering investing in a Stable Money FD, feel free to ask questions in the comments—I’d be happy to share more based on my experience. Just remember: read the premature withdrawal terms carefully before locking in your money.