time deposit account Synonyms

No Synonyms and anytonyms found

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

time deposit account Sentence Examples

  1. I deposited my savings into a time deposit account for a higher interest rate.
  2. The bank offers competitive interest rates on time deposit accounts with varying maturity terms.
  3. You can withdraw funds from a time deposit account after the specified maturity date without penalty.
  4. Time deposit accounts are a safe and reliable way to grow your savings over time.
  5. I prefer to keep my emergency fund in a time deposit account for easy access in case of emergencies.
  6. By opening a time deposit account, you lock in an interest rate for the duration of the term.
  7. The minimum deposit amount for a time deposit account varies from bank to bank.
  8. Interest earned on a time deposit account is typically paid out annually or monthly.
  9. Time deposit accounts are ideal for short-term to long-term financial goals.
  10. 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.