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Features of fixed deposit account

Answer Text:
Features of fixed deposit account.
-the minimum amount needed to open the account is relatively high.
-a certificate of deposit is issued to the account holder which can be used as a security to acquire a loan.
-interest earned varies with the amount and length of the fixed period.
-interest earned is usually higher than that in savings account.
-interest earned may be negotiated with the bank especially for large amount and length of time.