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What is meant by term deposits?

Updated: 9/22/2023
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11y ago

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term deposit is also often known as a fixed savings account because the interest rate you earn is fixed, and so is the account balance - you can't put any more money in, or take any out until the end of the term you have chosen. A term deposit is just one way you can save for your future or for a specific goal, and here, we can help you decide whether a fixed term deposit account could be right for all or even just a part of your financial plans. .

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11y ago
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Q: What is meant by term deposits?
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Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.


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