Määräaikaistalletustodistukset
Määräaikaistalletustodistukset, often abbreviated as MTod, are financial instruments representing a sum of money deposited in a bank for a fixed period at a predetermined interest rate. These are essentially short-term savings accounts with a specific maturity date. The depositor agrees to leave the funds untouched until that date, and in return, receives a higher interest rate than a standard savings account.
The terms of a määräaikaistalletustodistus are clearly defined at the time of deposit. This includes the principal
Withdrawals before the maturity date are usually subject to penalties, which can include forfeiture of accrued
Määräaikaistalletustodistukset are generally considered a low-risk investment, as they are backed by the issuing bank. The