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 ?
Lawrence Agcaoili (The Philippine Star) - September 5, 2019 - 12:00am MANILA, Philippines Term deposits fetched mixed results as banks swarmed yesterday's auction in anticipation of additional rate cuts and lowering of the level of deposits banks are required to keep with the Bangko Sentral ng Pilipinas (BSP).
ENPNewswire-August 23, 2019--Federal Reserve announces results of offering of seven-day term deposits on August 22
Bids for both six-day term deposits and 13-day term deposits were lower on Thursday, reversing the surge seen in the previous weeks following the BSP's cut in the banks' reserve requirement ratio (RRR).
In the structure of deposits, most part accounted for deposits of legal entities - almost 11 billion manats (term deposits - 1.7 billion manats, demand deposits - 9.27 billion manats)
BANKING AND CREDIT NEWS-February 19, 2019--Indian Bank increases interest rates on term deposits
M2 EQUITYBITES-February 19, 2019--Indian Bank increases interest rates on term deposits
Global Banking News-February 19, 2019--Indian Bank increases interest rates on term deposits
However, short term deposits fell 0.2 per cent due to a Dh3.3 billion reduction in near money.
Following an investigation, ASIC was concerned that ACBCs comparison of the key attributes of term deposits and XTBs represented an investment in XTBs as carrying an equivalent or substantially the same risk as investments in term deposits, while producing a higher return.
National Bank of Pakistan (NBP) has declared half-yearly profit for the period July to December 2018, on deposits of Profit/Loss Sharing, NIDA, Term Deposits, Premium Aamdani Certificates, NBP PLS Plus Term Deposit Certificate and NBP Premium Saver Accounts.
KARACHI -- National Bank of Pakistan (NBP) has declared half-yearly profit for the period July to December 2018, on deposits of Profit/Loss Sharing, NIDA, Term Deposits, Premium Aamdani Certificates, NBP PLS Plus Term Deposit Certificate and NBP Premium Saver Accounts.
New Delhi: The SBI hiked the interest rates on fixed term deposits by up to 10 basis points.