I would have given this serious thought sometime ago or presently, but I am greatly discouraged not because of the huge amount to get it running, but the time it would take for it to accrue to substantial amount. Basically, the purpose of fixed deposit account is about having one's money multiplied just as it with investment. But personally, I don't really see the need to keep my money in a bank for that long, instead I'll find elsewhere I can invest it and be earning profit from it within shortest time possible.
There are other shortcomings I am also taking into consideration such as transparency. Even though banks are trustworthy financial institutions, I still have my reserve about how they can help me to grew the money for long period of time without having the profit untouched.
Although fixed deposit account seem a profitable way to grow one's money, I haven't given it a try. Hopefully, sometime in the future after gathering more details about it.