time deposit account (Meaning)
Wordnet
time deposit account (n)
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
Synonyms & Antonyms of time deposit account
No Synonyms and anytonyms found
time deposit account Sentence Examples
- I deposited my savings into a time deposit account for a higher interest rate.
- The bank offers competitive interest rates on time deposit accounts with varying maturity terms.
- You can withdraw funds from a time deposit account after the specified maturity date without penalty.
- Time deposit accounts are a safe and reliable way to grow your savings over time.
- I prefer to keep my emergency fund in a time deposit account for easy access in case of emergencies.
- By opening a time deposit account, you lock in an interest rate for the duration of the term.
- The minimum deposit amount for a time deposit account varies from bank to bank.
- Interest earned on a time deposit account is typically paid out annually or monthly.
- Time deposit accounts are ideal for short-term to long-term financial goals.
- You can open a time deposit account online or at your local bank branch.
FAQs About the word 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 interest
No synonyms found.
No antonyms found.
I deposited my savings into a time deposit account for a higher interest rate.
The bank offers competitive interest rates on time deposit accounts with varying maturity terms.
You can withdraw funds from a time deposit account after the specified maturity date without penalty.
Time deposit accounts are a safe and reliable way to grow your savings over time.
