Term Deposit


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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 ?
The auction committee of the Bangko Sentral ng Pilipinas (BSP) temporarily stopped the auction of 28-day term deposits since Dec.
In an advisory, the BSP said it would offer P10 billion in seven-day and P60 billion in 28-day term deposits at the auction on Aug.
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.
The bank said that it has launched a Sharia-compliant term deposit account.
As to our plans for the 28-day term deposits, this is something that is part of our monitoring.
The report reveals that consumer outcomes on rollovers of term deposits have improved by billions of dollars.
20 as it dropped the 28-day term deposits in June last year.
The term deposits from 30 days to below 1 year will carry an interest rate of 8.
For next Wednesday's auction, the BSP will only offer P40 billion worth of seven-day term deposits.
State Bank of India has decided to revise downwards its retail term deposit rates with effect from Sep 7, 2012," according to an announcement of SBI.
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.
rates for each type of deposit are calculated, as well as average term deposit p.