plazo fijo
fixed term
The Spanish term 'plazo fijo' translates to 'fixed term' in English. In a financial context, it is often associated with a type of investment where a certain amount of money is deposited for a predetermined fixed period. The depositor agrees not to withdraw or access their funds until the end of this period. Interest is also usually gained over this period.
Example sentences using: plazo fijo
Decidí invertir mi dinero en un plazo fijo para asegurar un buen rendimiento.
I decided to invest my money in a fixed term deposit to ensure a good return.
This phrase indicates a decision to invest money in a financial product known as a fixed term deposit, which typically offers a higher interest rate compared to a regular savings account for keeping the money locked in for a specific period.
El banco ofrece una tasa de interés atractiva para sus plazos fijos.
The bank offers an attractive interest rate for its fixed term deposits.
This phrase highlights that a particular bank has a competitive interest rate for fixed term deposits, making it a desirable option for potential investors looking to grow their savings.
Invertir en un plazo fijo es una buena opción para quienes buscan seguridad.
Investing in a fixed term deposit is a good option for those seeking security.
This phrase suggests that putting money into a fixed term deposit is a safe investment choice, appealing to individuals who prioritize preserving their capital over taking risks.