Many people who are working professionals and interested in asset management share a common concern. That is, even when their salary is deposited, money does not accumulate in their bank accounts. While it is often said that in a low-interest-rate era, growing assets through savings accounts alone is difficult, understanding and properly utilizing fixed-term deposits can still be an effective asset management tool. Especially for those who want to manage a lump sum of money stably, fixed-term deposits are an attractive financial product.
Definition and Basic Operating Principles of Fixed-Term Deposits
A fixed-term deposit involves depositing a certain amount of money with a financial institution for a specified period, and receiving the pre-agreed interest on the maturity date.