time deposit


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Related to time deposit: time deposit account

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 ?
The Bank of Cyprus announced on Wednesday that it releases the twelve-month time deposits of about e1/4927 mn, that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and mature on 31 July 2014.
We take great pride in our ability to provide superior service and Real Time Deposit is another way we can enhance our customer's banking experience
2 /PRNewswire-FirstCall/ -- Comerica Bank's Rich Rewards checking account package has been enhanced so that everyone can be rewarded with discounts on loans and bonuses on time deposits.
This analysis shows a significant positive relationship between average bank healthiness in each state and the growth rate of loans and deposits; on average, states with a healthy banking system tend to expand credit and fund that expansion with time deposits, while states where sick banks predominate tend to experience contracting credit and time deposit run offs.
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.
Bank of Cyprus announced on Wednesday the release of the nine-month time deposits that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and which matured on April 30.
LTNCDs are negotiable certificates of time deposit insured by PDIC for up to P500,000 and are tax exempt for qualified individuals if held for at least 5 years.
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
PH) has said that it has completed the issuance of USD85m of negotiable certificates of time deposit (NCTD).
For the second 50-week period, Leumi 100 TD will pay the floor rate provided at the opening of the time deposit, 4% or the one-year jumbo time deposit rate being offered by the Bank on the 351st day after the opening, whichever is higher.
Among the banks which have increased their time deposit interest rates are Bank Dagang Negara (BDN) and Bank Rakyat Indonesia (BRI), both of which are state-owned banks.
Lately, the DBS Bank Taiwan ahs farther diversified foreign currency time deposit product by introducing a two-year USD deposits plan until Nov.

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