Interest

FAQ About Interest

How does interest work in a time deposit account? Interest
2 years ago | gizem

How does interest work in a time deposit account?

In the time deposit account, the principal deposited into the account; It provides returns equal to the interest rate determined in certain periods such as 1 month, 3 months, 6 months or 1 year. The longer the set period, the higher the interest rate, and therefore the higher the yield; The more money deposited into the account, the higher the interest income.