Time Deposit

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Dictionary Says

Definition of 'Time Deposit'

A savings account or CD held for a fixed-term with the understanding that the depositor can only withdraw by giving written notice.
Investopedia Says

Investopedia explains 'Time Deposit'

The term generally is at least 30 days.

Related Definitions

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    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally ...
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    An account from which deposited funds can be withdrawn at any time without any notice to the depository institution.
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  • Money Market Account

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    • Savings Account

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    • Foreign Currency Fixed Deposit - FCFD

      A fixed investment instrument in which a specific sum of money with an agreed upon time and interest rate is deposited into a bank. Although fixed deposits have virtually no risk, ...
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    • Transaction Deposit

      A banking deposit that has immediate and full liquidity, with no delays or waiting periods. Transaction deposits can be transferred into other cash instruments, have electronic payments ...
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    • Bank Rate Monitor Index

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    • Anticipated Balance

      The amount that a savings account will have at some future date, or that a time deposit will have at maturity, assuming no withdrawals or additional deposits occur.
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    • Notice Of Withdrawal

      A notice given to a bank by a depositor. As its name implies, a notice of withdrawal states the depositor's intention to withdraw funds from an account. This notice applies to both ...
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    • Nonpersonal Time Deposit

      Time deposit accounts held by corporate bank customers that pay a fixed amount of interest for a specified time period. Money may not be withdrawn without advance notice at the risk of ...
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