Introduction to Term Deposit Receipt
A term deposit is known as a fixed-term investment that involves the deposit of money into an account at any financial institution. They have short-term maturities.
Investors can withdraw funds after the term ends.
Related Terms
Jumbo CDs - A jumbo certificate of deposit (CD) is known as a sort of savings account with higher balance specifications than a traditional CD that, in return, will pay a higher interest rate.
Certificate of Deposit (CD)- Certificates of deposit (CDs) are known to pay higher interest than regular savings accounts.
Demand Deposits - A DDA or demand deposit account contains funds held in an account that the account owner will be able to withdraw any time from the depository institution.
Promotional Certificate Of Deposit (CD) Rate- A promotional certificate of deposit (CD) rate is a greater rate of return on a CD provided by banks and credit unions to fetch new deposits.
Money Market - The money market generally refers to trading in very short-term debt investments. This kind of investment is identified by a high degree of safety and relatively low rates of return.
Money Market Account - A money market account is an interest-bearing account at a bank, not confused with a money market mutual fund.
