tähtajaliseid

Tähtajalised refers to term deposits in Estonian finance. A term deposit is a type of savings account that allows you to deposit money for a fixed period of time. During this period, the money is inaccessible for withdrawal without penalty. In return for agreeing to the lock-in period, the bank typically offers a higher interest rate than on a standard savings account. The interest rate is usually fixed for the entire term of the deposit.

The duration of a term deposit can vary significantly, ranging from a few months to several years. The longer the term, generally the higher the interest rate offered. When the term of the deposit expires, the depositor can choose to renew the deposit, withdraw the funds, or reinvest them elsewhere. If funds are withdrawn before the maturity date, there is usually a penalty, which can include forfeiture of accrued interest or a portion of the principal.

Term deposits are considered a relatively safe investment option, as they are typically insured by deposit guarantee schemes up to a certain limit. They are suitable for individuals who have a specific sum of money they do not need immediate access to and who are looking to earn a predictable return on their savings. The principal amount deposited is protected, and the interest earned is generally guaranteed as long as the terms of the deposit agreement are met.