What is Time Deposit?
Time Deposit A deposit in a bank or financial institution that has a fixed term and typically offers a higher interest rate, with withdrawals only allowed at maturity or with penalty.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Time Deposit” Used in Practice?
A time deposit pays higher interest than a demand deposit, but funds cannot be withdrawn before maturity without incurring penalties.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Time Deposit?
A deposit in a bank or financial institution that has a fixed term and typically offers a higher interest rate, with withdrawals only allowed at maturity or with penalty.
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