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, or to renew the deposit for another fixed term. Early withdrawal is often possible but usually incurs a penalty, such as the forfeiture of some or all of the earned interest. The minimum deposit amount and the available terms can vary between financial institutions.

Määräaikatalletus is considered a low-risk investment option, as the principal is generally protected by deposit insurance schemes up to a certain limit. It is suitable for individuals who have a specific savings goal and do not need immediate access to their funds, allowing their money to grow at a guaranteed rate over time.