2006-11-27 18:40:07 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Not sure what you are asking. If I can decipher your question, you are asking how debiting a fixed deposit account.
A fixed deposit account is any account that earns an interest. The rate may (or may not) change over time. You are generally allowed to deposit and withdraw money into a current account whenever you want, but at the tradeoff of lower interest.
Conversely, there are true fixed deposits whereby you are not allowed to withdraw money unless you forfeit all of your interest (and perhaps more) as a penalty. Examples of fixed deposits are Certificates of Deposits.
In between is a money market account, that allows a limited amount of transactions (e.g. six) and gives depositors a rate somewhere between current and fixed desposit rates.
2006-12-01 02:36:34 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
Ummm not sure what you are asking here, can you elaborate a bit?
2006-11-28 03:01:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋