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
References in periodicals archive ?
In one memorable scene from the movie, Moore discovers how a bank in Michigan would give customers a free hunting rifle when they made a deposit of a certain size into a time deposit account.
But we found that likelihood of attrition declined as members had the following mix of accounts: 33% if they had a time deposit account, 10% with a checking account and a time deposit account, 2% with a mortgage, checking account and time deposit account and 1% with a mortgage, credit card, checking account and time deposit.
The euro investment sweep operates similarly, except it moves all end-of-day cash into an offshore euro time deposit account.
If the account is held in the name of time joint accountholders hut with the designation "transfer on death" (TOD) preceding the names of the beneficiaries, the securities held in the account would pass to the named beneficiaries without probate in the same manner as the funds in time deposit account.
The diplomat opened a savings account and time deposit account at one of the three banks in 1993 and 1994 and deposited money several times a month.
McNally said the investors were told that their money had been placed in a secured time deposit account at Chase Manhattan Bank in New York.
The Personal Liquid CD is a time deposit account that provides customers with a higher rate of return and the flexibility of a savings account, plus the full protection of FDIC insurance - features vital in today's economic environment.
The Flex Liquid CD is a time deposit account that provides business customers with a higher rate of return and the flexibility of a savings account, plus the full protection of FDIC insurance - features vital in today's economic environment.
There is a penalty for early withdrawal from the time deposit account.
As an example, the AccessOne APY for a one-year time deposit account is 5.
Time deposit account balances have declined, offset by the increase in transaction accounts, in the three-month period by $19.

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