(i) If the money is withdrawn before expiry of agreed period the depositor may lose the accrued interest.
(ii) The money plus all the interest can be withdrawn at the time of the agreed period.
(iii) Money earns interest at an agreed rate.
(iv) There is usually a minimum amount that is required to operate this account.
(v) A certificate of deposit is usually issued to a depositor.
maurice.mutuku answered the question on July 11, 2017 at 06:20
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