Author Topic: benefits of time deposit?  (Read 264 times)

Offline AwakeComments

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benefits of time deposit?
« on: November 03, 2013, 05:24:09 PM »
What is a time deposit and why are people having this kind of transactions in the banks? What are the benefits of applying for a time deposit?
« Last Edit: November 03, 2013, 05:24:09 PM by Guest »
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Offline CompanyXbox

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Re: benefits of time deposit?
« Reply #1 on: November 03, 2013, 08:33:40 PM »
When you say time deposit, it means money that is deposited in a bank which you cannot withdraw for a certain period of time. A time deposit account is better than a regular bank account because it has a higher interest rate. The longer you keep the money in the bank, the higher you will earn from it.
« Last Edit: November 03, 2013, 08:33:40 PM by Guest »
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