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time deposit
noun
- a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.
time deposit
noun
- a bank deposit from which withdrawals may be made only after advance notice or at a specified future date Compare demand deposit
˜yÐÄvlog History and Origins
Origin of time deposit1
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Example Sentences
"There was a certain amount of rotation into time deposits, but a large share of the decrease was caused by shifts in customer funds at Credit Suisse in October 2022," the report said.
Some have also offered time deposits to wealthy clients using private banking services or to corporate clients.
The lenders cut rates on two-year time deposits by 10 bps points, and three-year and five-year time deposits by 15 bps points.
Moynihan said that for the first time in a long time deposits had come down a little bit for the industry.
Deposits grew 19.9%, aided by higher time deposits and current and savings account deposits.
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