fixed account

[/ˈfɪkst əˈkaʊnt/]

nounpl: fixed accounts

conta fixa

1. A bank account with a fixed interest rate and fixed deposit amount that cannot be withdrawn before maturity without penalty

She opened a fixed account to save money for her daughter's education.

Ela abriu uma conta fixa para economizar dinheiro para a educação de sua filha.

2. A type of savings account where the funds are locked in for a predetermined period at a guaranteed interest rate

The fixed account offers a 5% annual interest rate for a 12-month term.

A conta fixa oferece uma taxa de juros anual de 5% para um período de 12 meses.

Synonyms

Antonyms

Regional Variations

General Brazilian

conta fixa

Standard term used throughout Brazil in banking contexts

São Paulo

aplicação fixa

Also used to refer to fixed-term investments

Portugal

depósito a prazo

More common term in Portuguese banking system

lock in savings

fixed-term deposit

guaranteed return account

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