Seguros y pensiones para todos

Home > Glossary > Fixed-term deposit

Fixed-term deposit

A fixed-term deposit, also known simply as a deposit, is a financial product in which the customer agrees to deposit their capital in a financial institution for a certain period of time in exchange for a pre-agreed interest rate.

A fixed-term deposit is like a loan to a financial institution with the difference that all interest is paid at the maturity of the deposit.