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time deposit account

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Noun1.time deposit account - 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 interesttime deposit account - 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
savings account - a bank account that accumulates interest


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The stock market rally has triggered massive fund transference from time deposit accounts to demand deposit accounts.
This includes another range of services such as standing transfer orders to any of the customers' accounts with the bank, opening time deposit accounts and applying for cheque books," he said.
At the Bank of Tokyo-Mitsubishi UFJ, the number of the openings of foreign currency time deposit accounts per day in March was nine times that in February.
 
 
 
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