2. deposit account (fixed deposit account)
deposits for a period of three months, six months, of course, such as one year, and are motivated by a higher interest rate than a regular savings deposit form. (For further details on the topic deposit), the bank will be able to put this money to good use or investment on time deposits. Without reserve, like a savings account. If you want to receive interest due to depositors under the conditions. It must not withdraw money from this account before the deadline will not be able to use the amount fixed in time for
this type of account is ideal for those who have money but do not want to spend a period of time (the cold). or require long-term savings and returns in the form of higher interest rates than savings accounts
point to know about the deposit account
first. If you withdraw before maturity, it may be less than the interest rate that financial institutions announced the
two. The maturity period of the deposit. Basically it falls on the same date, but the next several months, as if the three-month fixed deposit will mature on January 5 on 5 April
3. Some banks will require a deposit in a savings account, fixed deposit account. with The bank will transfer the interest into a savings account paying interest when due. Or may be transferred to the principal upon maturity.
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