A time deposit is a savings account or certificate of deposit held for a fixed-term, that the depositor can make a withdrawal only. DEFINITION of 'Time Deposit'.
One of the advantages of being financially wise and having a savings account or funds to invest is that you can make your money work for you by.
Also, a Certificate of Deposit entails stamp duty charges as well. Given that Certificates of Deposits are transferable in a physical form, banks should ensure that .