Outline any four features of a fixed deposit account.

      

Outline any four features of a fixed deposit account.

  

Answers


sharon
- Opened for a specific period of time
- Opened with a specific amount for a specific period
- Higher interest rates are paid
- Used by commercial bank to advance loan to others
- Can be used as a security to apply for an overdraft against the current account of the same
person.
sharon kalunda answered the question on March 4, 2019 at 13:59


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