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A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from at call deposits, such as savings or ...
For example, a deposit of $8,000 may earn a higher rate of interest than a $5,000 deposit. The tiered account is a marketing strategy banks use to attract larger deposits from their customers ...
A business plan is a formal written document ... For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's ...
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs typically require a minimum deposit, and may offer ...
A term deposit is a deposit account held at a financial institution. The money is locked up for a specific period in exchange for an interest rate. A financial advisor can help you compare ...
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