määräaikatalletukset

Määräaikatalletus is a Finnish term referring to a fixed-term deposit. It is a type of savings account offered by banks where a customer deposits a sum of money for a predetermined period, ranging from a few months to several years. In exchange for locking their funds, the customer receives a higher interest rate compared to a regular savings account.

The interest rate on a määräaikatalletus is typically fixed for the entire term of the deposit, providing certainty about the return on investment. This predictability makes it an attractive option for individuals and businesses looking to earn a stable income on their savings while ensuring the principal amount remains safe.

At the end of the agreed-upon term, the customer can withdraw their principal along with the accrued interest. If the funds are withdrawn before the maturity date, the bank may impose penalties, such as forfeiture of some or all of the earned interest. The specific terms and conditions, including interest rates, deposit amounts, and withdrawal penalties, vary between financial institutions. Määräaikatalletukset are a common and low-risk financial product for conservative investors.