1. A sum of money deposited in a bank for a fixed period at a predetermined interest rate, which cannot be withdrawn before maturity without penalty
She invested $10,000 in a fixed deposit account with a 3% annual interest rate.
Ela investiu $10.000 em uma conta de depósito a prazo fixo com uma taxa de juros anual de 3%.
2. A conservative savings instrument offered by financial institutions with guaranteed returns
Fixed deposits are considered a safe investment for risk-averse investors.
Depósitos a prazo fixo são considerados um investimento seguro para investidores avessos ao risco.