term deposit
Fixed-time bank account
A term deposit is money placed with a bank or financial institution for a fixed period at a guaranteed interest rate.
Unlike regular savings accounts, you cannot withdraw funds before the term ends without penalty.
Common terms range from months to years: The five-year term deposit offered the best rate.
Also called a certificate of deposit (CD) in American English or fixed deposit.
- savingsAccumulated money kept
- bank accountFinancial storage for funds
- maturityFull growth achieved
- maturity dateWhen debt must repay
- interestAttention, stake, or fee
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- Australian FinanceGST, superannuation, super, tax return, tax refund
- accountsbank account, checking account, savings account, joint account, personal account
- depositsCD, FDIC insurance
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- Bank DepositsCD, maturity date, interest rate, principal, rollover
- safe investmentsCD, bonds, treasury bonds, savings bond, government bonds
term depositchecking account
Bank deposit for transactions
savings account · current account · cash · money market account · petty cash
term depositstocks
Ownership stakes or inventory
equities · venture capital · speculative investment · growth stocks · cryptocurrency
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