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Exit Guide

What Are the Benefits of a Time Deposit Account?

The benefits of a Time Deposit Account are given below:

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    They are risk-free investment options

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    They pay a higher interest rate than a regular Savings Account

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    They get a fixed interest rate until maturity

Pro Tip

Maturity period is the duration of time that we promise to keep our money with the bank without withdrawing.

 

How much interest can I earn on my money in a time deposit account?

Let's find the answer to that question in the next section.

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