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fixed-term account

[ˈfɪkst tɜːrm əˈkaʊnt]
nounpl: fixed-term accounts
conta de prazo fixo
1. A bank deposit account in which money is deposited for a fixed period of time and cannot be withdrawn without penalty before the maturity date
She opened a fixed-term account with a one-year maturity to earn higher interest rates.
Ela abriu uma conta de prazo fixo com vencimento de um ano para ganhar taxas de juros mais altas.
2. A savings instrument offering a predetermined interest rate for a specific duration
Fixed-term accounts are popular among conservative investors seeking stable returns.
Contas de prazo fixo são populares entre investidores conservadores que buscam retornos estáveis.
Synonyms
time depositcertificate of deposit (CD)term depositfixed deposit
Antonyms
demand depositsavings accountcurrent accountchecking account

Regional Variations

General Brazilian
conta de prazo fixo
standard terminology used across Brazil
São Paulo
aplicação de renda fixa
often used in formal banking contexts
Portugal
conta a prazo
preferred term in Portuguese banking

Related Idioms & Phrases

lock in the rate
tie up money
earn interest on principal
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