State two differences between fixed deposits and savings deposits.

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Solution

1) The amount from savings deposit can be withdrawn anytime whereas in fixed deposits account, the amount is deposited for a fixed period of time & cannot be withdrawn before that period.
2) The rate of interest is generally higher in case of fixed deposit as compare to savings deposit.

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State two differences between fixed deposits and savings deposits.

1) The amount from savings deposit can be withdrawn anytime whereas in fixed deposits account, the amount is deposited for a fixed period of time & cannot be withdrawn before that period.2) The rate of interest is generally higher in case of fixed deposit as compare to savings deposit.

1) The amount from savings deposit can be withdrawn anytime whereas in fixed deposits account, the amount is deposited for a fixed period of time & cannot be withdrawn before that period.
2) The rate of interest is generally higher in case of fixed deposit as compare to savings deposit.