time deposit

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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

References in periodicals archive ?
Yield-Curve Adjustment of Small-Denomination Time Deposits
The stock of small-denomination time deposits includes deposits with a range of different maturities.
Specifically, we constructed alternative own rates of return on small-denomination time deposits defined as the maximum of the yield-curve-adjusted rates on the available maturities and we yield-curve adjusted all short-term yields included in the upper envelope.
Increases in savings and small-denomination time deposits likely reflect flight to quality since these deposits are FDIC insured.
The expenditure share for small-denomination time deposits
We construct such unilateral user cost indexes, based on the Jevons formula, for the following monetary asset categories: small-denomination time deposits at commercial banks and thrift institutions; large-denomination time deposits; total Eurodollar deposits; bankers' acceptances; and commercial paper.
25) In our MSI database, we use the Jevons formula to create user cost sub-indexes for small-denomination time deposits at commercial banks and thrift institutions, large-denomination time deposits, total Eurodollar deposits, bankers acceptances, and commercial paper.
15 Ceiling on small-denomination time deposits with original maturity of three and one-half years or longer were removed in May 1982, and on all other small-denomination time deposits on October 1, 1983.
Data published by the Board of Governors regarding the outstanding stocks of small-denomination time deposits by original-issue maturity are not appropriate for calculating index numbers (see Table 1.
Small-denomination time deposits also have several applicable own rates due to the existence of both variable and fixed ceiling-rate time deposits from 1978.

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