活期存款和定期存款的区别英语？

The main difference between current accounts and fixed deposits lies in the nature of accessibility and interest rates. Current accounts are designed for daily transactions and provide easy access to funds, while fixed deposits are long-term savings accounts offering higher interest rates for a fixed period. In detail, a current account allows depositors to make frequent withdrawals and deposits, either through checkbooks, debit cards, or electronic transfers. There is no restriction on the number of transactions or minimum balance required, making it suitable for regular cash flow management. However, due to its high liquidity, current accounts generally yield lower interest rates compared to fixed deposits. On the other hand, fixed deposits involve depositing a specific sum of money for a fixed duration, typically ranging from a few months to several years. These accounts have a predetermined interest rate that remains constant throughout the tenure, ensuring a fixed return on investment. Fixed deposits are a secure way of saving as the funds cannot be accessed before maturity, providing a disciplined approach to savings or investment goals. Another important distinction lies in the interest rates. While current accounts offer minimal or no interest, fixed deposits provide higher interest rates, often higher than inflation rates, which means the funds grow over time leading to increased savings or returns. This makes fixed deposits an attractive option for individuals looking for investment opportunities or wanting to earn passive income on their savings. To summarize, the primary differences between current accounts and fixed deposits are accessibility and interest rates. Current accounts offer easy access to funds for daily transactions but provide lower interest rates, while fixed deposits require a fixed sum of money for a specified period, offering higher interest rates and better returns on investment.

活期存款和定期存款的区别英语？

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