Fixed Deposit Account (定期存款账户): customer deposits a big sum of money for a fixed duration of time (Atleast 3 months or higher). bank gives a very good interest as payment for keeping the deposit
savings account(储蓄账户/活期账户)：where you can withdraw money at any time and get very low interest for the balance at the end of the month
Installment loan(分期付款)：a loan that is repaid over time with a set number of scheduled payments. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.