Concept:A fixed deposit account pays a higher interest rate than a regular savings or current account.Explanation:A fixed deposit requires the customer to keep money in the bank for a set period of time.In return for this locked-in deposit, the bank offers a higher interest rate than normal accounts.This higher return is the main benefit that makes fixed deposits attractive to account holders.Other options, such as issuing cheques or overdraft facilities, are not features of a fixed deposit account.Answer:C. it attracts higher interest rate