Festgeld

fixed-term deposit

noun FEST-gelt Rare

Also means

term savings

Usage Note

Festgeld is a bank deposit locked in for a fixed period (e.g. 3, 6 or 12 months) at a guaranteed interest rate. Unlike Tagesgeld, early withdrawal is typically not possible without penalty.

Examples

"Er hat 5.000 Euro als Festgeld für ein Jahr angelegt."

Natural Translation

He has invested 5,000 euros as a fixed-term deposit for one year.

Literal Translation

He has 5,000 euros as fixed-money for one year invested.

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