time deposit

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Related to Time deposits: Demand Deposits

Time deposit

Interest-bearing deposit at a savings institution that has a specific maturity. Related: Certificate of deposit.

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.

time deposit

An interest-bearing savings deposit or certificate of deposit at a financial institution. Although the deposits formerly included only deposits with specific maturities (such as certificates of deposit), they now are considered to include virtually all savings-type deposits. Compare demand deposit.

Time deposit.

When you put money into a bank or savings and loan account with a fixed term, such as a certificate of deposit (CD), you are making a time deposit.

Time deposits may pay interest at a higher rate than demand deposit accounts, such as checking or money market accounts, from which you can withdraw at any time.

But if you withdraw from a time deposit account before the term ends, you may have to pay a penalty -- sometimes as much as all the interest that has been credited to your account. Some other time deposits require you to give advance notice if you plan to withdraw money.

time deposit

see COMMERCIAL BANK.
References in periodicals archive ?
is expecting a continued trend toward portfolio diversification with foreign currency time deposits (FCTDs), which are FDIC-insured, interest-bearing accounts that enable investors to maintain a foreign currency balance without having to open a bank account in a foreign country.
For prospective clients, the key benefit will be a marked reduction in the levels of document submission as a result of the elimination of Time deposit
Deposits of more than 10 million yen per account break down into 127 trillion yen in time deposits, 62 trillion yen in ordinary deposits and 55 trillion yen in other types of savings.
Sum of (1) large time deposits, (2) institutional money fund
These six-month time deposits -- accounting for one-third of the frozen funds -- mature at the end of this month, and the bank intends to unblock them in a bid to ease liquidity in the cash-starved market.
4 billion, while time deposits increased by NT$108.
In contributing to the M2 growth, the balance of quasi-money, which includes time deposits, rose 3.
Yanagisawa was speaking about the possible reaction of depositors to the abolition of the government's full-refund guarantee on time deposits.
There is a penalty for early withdrawal from the time deposit account.
M2 and M3 changed little in May and appeared to have contracted in June; both retail and large-denomination time deposits continued to run off rapidly.
This is achieved by investing in a low-risk and diversified set of money market securities, denominated in USD, such as certificates of deposit, time deposits, bankers' acceptances, asset-backed securities (including ABCP), commercial paper, repos, and medium-term notes.
Along with stock-market downturn, market funds would flow to time deposits, driving down M1B supply growth.

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