dcsimg

Insurance Definition: TIME DEPOSIT

By Compuquotes Team on March 27th, 2008

TIME DEPOSIT:

Definition:

  • Funds that are held in a savings account for a predetermined period of time at a set interest rate. Banks can refuse to allow withdrawals from these accounts until the period has expired or assess a penalty for early withdrawals.

Information provided by Insurance Information Institute

Featured Insurance Quote
Twitter
Facebook 470 flares Google+
470 flares ×