Question

what is the difference between the saving account and fixed deposit account ​

Answer 1

Answer:

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Explanation:

Savings account is a personal bank account maintained by individual customers to deposit their personal savings and undertake their personal monetary transactions.

Fixed deposit account is an account in which a customer deposits money for a specified fixed tenure and at a specified interest rate.

Answer 2

Answer:

difference between saving account and fixed account

Explanation:

fixed account deposits have locked- in period which limits unesccary withdrawal of money until maturity a savings account on the other hand enables you to withdraw any any amount at any time which proves detrimental to your goal wealth of appreciation