määräaikatalletuksen
Määräaikatalletus is a Finnish term referring to a fixed-term deposit, a type of savings account where money is deposited for a predetermined period. During this period, the depositor agrees not to withdraw the funds, and in return, the bank typically offers a higher interest rate than on a regular savings account. The interest rate is usually fixed for the entire term, providing predictability for the saver.
When the agreed-upon term expires, the depositor can choose to withdraw the principal and accrued interest,
Määräaikatalletus is considered a low-risk investment option, as the principal is generally protected by deposit insurance