Time Deposit (aka Term Deposit) Definition and How Does It Work?
2020年3月11日 · What Is a Time Deposit? A time deposit is an interest-bearing bank account that has a pre-set date of maturity. A certificate of deposit (CD) is the best-known example. The...
What Is A Time Deposit Account? – Forbes Advisor
2021年9月27日 · A time deposit account is a type of interest-bearing bank or credit union account that requires you to leave your money in the account for an agreed-upon length of time, or term.
Time deposit - Wikipedia
A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term".
Time Deposit - Meaning, Types, Example, How it Works?
2021年10月21日 · A time deposit is a bank deposit where funds are invested at a fixed interest rate for a specific period. Two common types of time deposits are fixed deposits and recurring deposits. Fixed deposits require a lump sum amount to be invested at the beginning of the term, while recurring deposits allow for regular, smaller contributions to be made.
Time Deposit Definition & Example - InvestingAnswers
2020年8月8日 · What is a Time Deposit? A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term whereby the depositor can only withdraw the funds after giving notice.
What Is a Time Deposit? - The Balance
2021年11月9日 · Time deposits are federally insured savings products that offer higher yields in exchange for delayed access to your money. Learn how they work and how to use them.
What Is a Term Deposit and How Does it Work? - SoFi
2024年6月14日 · A term deposit, also known as a time deposit, is a bank deposit made for a predetermined period. Learn more about term deposits and the pros and cons.