Definitions
There is 1 meaning of the phrase
Time Deposit Account.
Time Deposit Account - as a noun
A savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
Synonyms (Exact Relations)
deposit accountExample Sentences
"I opened a time deposit account at my local bank."
"Her time deposit account offers a higher interest rate than a regular savings account."
"A time deposit account requires the funds to be locked in for a predetermined period."
"He invested his savings in a time deposit account to earn passive income."
"The bank imposes penalties for early withdrawal from a time deposit account."
