Fixed-interest time deposits
In the case of a fixed-term deposit the money you have entrusted to the bank does not change and the interest is usually paid at a fixed rate, although payment in kind is also possible.
It is important to study the pre-contractual information provided by the bank before committing yourself to a fixed-term deposit.
Pay particular attention to the term or duration, the annual percentage rate (APR), the possibility of automatic renewal or rollover, and the cost of early cancellation.
FREQUENTLY ASKED QUESTIONS
Is the money in a deposit account or time deposit safe if the bank goes bankrupt?
Read answeraboutIs the money in a deposit account or time deposit safe if the bank goes bankrupt?
Do all the holders have to give their consent to withdraw money from a jointly held deposit or cancel it in advance?
Read answeraboutDo all the holders have to give their consent to withdraw money from a jointly held deposit or cancel it in advance?
