Korean Dictionary
How to say “Fixed Deposit” in Korean
정기예금
jeonggi yegeum
IntermediateFinance & Banking
Usage & Context
Fixed deposits lock funds for a set period in exchange for higher interest rates. Korean banks offer various 정기예금 products with different terms and rates. They are a conservative investment choice popular with older Koreans.
Example Sentence
정기예금에 1년 동안 돈을 맡겼어요.
I deposited money in a fixed deposit for one year.
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