Time deposit

Time deposit is a general term for money that customers invest in credit institutions with interest. A distinction must be made between fixed-term deposits and termination fees. In the case of fixed-term deposits, the investment period is determined in advance, e.g. B. 'fixed for 1 month' and is then available again. In the case of termination money, on the other hand, the period of the financial investment is not fixed. In order for it to be available to the investor of the money again, the investment must be terminated in good time.

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