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What is a time deposit?

In Banking - Cds - Asked by Admin - 14 months ago

A time deposit is a CD that Is held by a a financial institution like a bank for a defined term or with the understanding that the customer can only withdraw the money with advanced notice.

Answered by Admin - 14 months ago


Tags: time deposit, cds, cd, banking cd, investments, investing, banks, banking, what is a time deposit?

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In Banking - Asked by Admin - 15 months ago

If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what is a time deposit?" Zuuply.com can answer them or you can browse our archives.



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