The fixed deposit is an investment of money, which is deposited in a special account for a certain period of time. The money works by itself at a fixed interest rate.
The most important facts about fixed-term deposits
Investment of money in the form of deposits
Deposit over a specified period of time
Special account for time deposit
No access options within the time period
Fixed but low interest rate
Fixed Deposit Calculator
Fixed-term deposits at a glance
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What is time deposit?
Time deposit is an investment in the form of financial deposits for a certain period of time into a special account, which cannot be freely disposed of before the end of the period. The duration of a time deposit can vary from a few months to up to 10 years, depending on the provider.
During this time, no deposits or withdrawals are possible.
Fixed-term deposits at a glance:
Investment of money in the form of deposits
Deposits for a specific period
Deposits to a special account
Deposits & withdrawals not possible during this time
Advantages time deposit: Compound interest & security
In addition to the high security offered by the time deposit, it also has the advantage that you benefit from the so-called compound interest effect.
All advantages at a glance:
Flexible investment period
Low cost
Fixed interest rate
Compound interest
High security
Nachteile Festgeld
However, the time deposit also brings disadvantages. For example, the low availability plays an important role in the decision to conclude the investment. In addition, many time deposit offers are linked to a minimum deposit.
