Hey Pal,
A term deposit account is one where investors consent to make deposits into the account for a specific amount of time. A term deposit locks up money for a predetermined period of time (the "term"); as a result, you can't access the money until the term is over. In exchange, you'll receive a guaranteed rate of interest for the term you choose, ensuring that you'll know precisely how much money you'll earn back.
For more details, I would like to suggest that you go through the below-mentioned response;
What is a Term Deposit Account: Meaning?I hope this helps:)
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What is termed deposit?
Apu
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2 Year
2022-11-02T10:51:22+00:00 2022-11-02T17:18:25+00:00Comment
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