talletustodistuksia
Talletustodistus, or certificate of deposit (CD) in English, is a savings product offered by financial institutions, typically banks. It is a time deposit that has a maturity date, a fixed interest rate, and a specified value. When you deposit money into a talletustodistus, you agree to leave it in the account for a set period, ranging from a few months to several years. In return for committing your funds for that period, the bank typically offers a higher interest rate than on a standard savings account.
The interest rate on a talletustodistus is usually fixed for the entire term. This means that the
When a talletustodistus matures, the principal amount plus any accrued interest is returned to the depositor.