fixed deposit
Term-bound bank account
A fixed deposit is money placed in a bank account for a set period at a guaranteed interest rate, typically higher than regular savings accounts.
The funds cannot be withdrawn before maturity without penalty.
Common in British English and across Asia; Americans usually say certificate of deposit or CD.
She put her inheritance in a fixed deposit for two years.
- savingsAccumulated money kept
- bank accountFinancial storage for funds
- interestAttention, stake, or fee
- maturityFull growth achieved
- bankPlace holding deposits
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fixed depositcurrent account
Bank account for regular transactions
checking account · savings account · money market account · cash · petty cash
fixed depositequity investment
Acquiring ownership in business
stocks · cryptocurrency · speculative investment · venture capital · derivatives
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