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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