Term Deposit

(redirected from Term Deposits)

Term Deposit

A deposit at a bank or other financial institution that has a fixed return (usually via an interest rate) and a set maturity. That is, the depositor does not have access to the funds until maturity; in exchange, he/she is usually entitled to a higher interest rate. One of the most common examples of a term deposit is a certificate of deposit. It is also called a time deposit. See also: Demand deposit.
References in periodicals archive ?
MANILA, Philippines The yield of seven-day term deposits eased for the sixth straight week, falling below three percent since June as banks continued to swarm the weekly term deposit auction facility (TDF).
On October 20, 2016, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF.
The Bangko Sentral ng Pilipinas (BSP) has jacked up to P70 billion the total volume of term deposits to be offered in August, as banks once again swamped the fully awarded auction Wednesday.
Profit rates on PLS Term Deposits one month remained 4.
Additionally, the remaining 88% of the deposits that were blocked will be converted into three equal new fixed term deposits with a term of 6,9 and 12 months respectively within Bank of Cyprus with a higher interest rate.
Lawrence Agcaoili (The Philippine Star) - January 11, 2018 - 12:00am MANILA, Philippines The yield of the seven-day term deposits eased anew as liquidity continues to return to the financial system after the Christmas season.
The report reveals that consumer outcomes on rollovers of term deposits have improved by billions of dollars.
MANILA, Philippines Intitutional investors flocked the auction for the seven-day term deposits yesterday, prompting the Bangko Sentral ng Pilipinas (BSP) to consider restoring the 28-day paper as soon as the liquidity level in the financial system normalizes after the Christmas season.
The Kolkata-headquartered United Bank of India has announced that the entity has enlarged its rates on domestic term deposits for less than Rs 5 crore by 25 basis points (0.
MANILA, Philippines Banks swarmed yesterday the term deposit auction facility (TDF) as the Bangko Sentral ng Pilipinas (BSP) continued to offer only short-dated term deposits due to the holiday season.
On Wednesday, the State Bank of India (SBI) has announced that it has decided to hack interest rates on term deposits by 0.
MANILA, Philippines The yield of the seven-day term deposits slipped yesterday as the Bangko Sentral ng Pilipinas (BSP) decided to drop the offering of the longer-dated instrument due to tight market conditions.