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Term Deposit (Covering... (Duration (Long term: Term deposit), Returns…
Term Deposit
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Advantages
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security is higher,so if your market crashes funds are safe
What is a term deposit
A term deposit is a amount of money put in the bank for a certain period of time that earns interest. This period being a term. Money cannot be taken out mid term and when a term is complete, another term can start or the investment can be withdrawn.
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