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.


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