Term Deposit A term deposit is a deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, the lender (the customer) understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice. These types of financial products are sold by banks, thrift institutions and credit unions. Breaking It Down: Also known as certificates of deposit (CDs), time deposits and "bonds" in England, term deposits are an...
Related to "Term Deposit" | Term Deposit - Video A term deposit (more often called a certificate of deposit or CD) is a deposit account in a financial institution that... | |
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