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Do any of the US banks offer a recurring deposit, similar to the ones offered by Indian banks (HDFC, ICICI, SBI, and others)? Other than long-term investments, like 401k and IRA, is there a short-term investment (not stocks)? Where you can deposit a monthly amount and then after 3/5 years, expect a fixed return of say, 3% or more?
A certificate of deposit, or CD, is a type of savings account that has a fixed interest rate and fixed term of months or years. Learn about CD rates, penalties, and more.

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We can suggest from our experience that the simplest way to close Fixed Deposit: (FD) is through Internet Banking. Internet Banking: Please login to your Internet Banking > Customer Service > Service Request > Category - Deposits > Closure/Renewal of existing Fixed/Recurring Deposit > FD will be closed instantly and funds will be credited to your account.
Fixed Deposit Account Meaning: In deposit terminology, the term Fixed Deposit Account refers to a type of savings account or certificate of deposit where deposits are made for a specified period of time and that pay out a fixed rate of interest.

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Your bank or credit union may also have a minimum deposit that it requires to open a money market account. A money market account is different from a money market mutual fund, or a money market fund. Money market funds are offered by investment companies and others.
A money market account is a hybrid checking and savings account. Money market accounts are available for individuals and might be referred to as traditional money market accounts. But money market accounts are also available for businesses, and a business money market account can be a valuable tool for an entrepreneur or small business.

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When foreign clients deposit holdings into a Swiss bank account, the bank is legally prohibited from disclosing balances or client information to tax authorities. This prohibition can only be waved if the client has produced a written statement of consent or a financial crime has been directly linked to the bank account.
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Deposit definition, to place for safekeeping or in trust, especially in a bank account: He deposited his paycheck every Friday. See more.
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