What does time deposit account mean?
Definitions for time deposit account
time de·posit ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word time deposit account.
Princeton's WordNet
time deposit account, deposit accountnoun
a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
ChatGPT
time deposit account
A time deposit account is a type of savings account or certificate of deposit where money is locked in for a certain period of time. The account holder agrees to leave the initial deposit in the account for a set period, ranging from a few months to several years, in return for higher interest rates. Withdrawal of the deposit before the agreed upon time often results in a penalty. It is offered by banks and financial institutions to encourage savings among individuals.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of time deposit account in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of time deposit account in Pythagorean Numerology is: 5
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"time deposit account." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/time+deposit+account>.
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