time deposit

noun

, Banking.

1. a deposit that can be withdrawn by the depositor only after giving advance notice or after an agreed period of time has elapsed.

time deposit

noun

1. a bank deposit from which withdrawals may be made only after advance notice or at a specified future date Compare demand deposit

Word History and Origins

Origin of time deposit¹

An Americanism dating back to 1850–55

Example Sentences

"There was a certain amount of rotation into time deposits, but a large share of the decrease was caused by shifts in customer funds at Credit Suisse in October 2022," the report said.

From Reuters

However, "we've noticed that some 'traditional' banks have started offering time deposits with rates...that are not particularly aggressive," ConfrontaConti.it said in reply to a Reuters query.

From Reuters

The lenders cut rates on two-year time deposits by 10 bps points, and three-year and five-year time deposits by 15 bps points.

From Reuters

Moynihan said that for the first time in a long time deposits had come down a little bit for the industry.

From Reuters

Deposits grew 19.9%, aided by higher time deposits and current and savings account deposits.

From Reuters