Investment

Term deposit

A term deposit is a bank investment in which the money invested cannot be withdrawn until a predetermined period or at maturity, typically 1, 3, or 5 years. During this time, the funds remain locked and cannot be altered, ensuring compliance with the deposit terms. This type of investment is simple and predictable, as both the invested amount and the term are fixed in advance, providing a clear solution for those who wish to invest their money without withdrawing it before maturity. It is a secure option for individuals seeking to preserve their capital while adhering to a defined investment horizon.