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Time Deposit Account শব্দের বাংলা অর্থ: সময় আমানত অ্যাকাউন্ট
Time Deposit Account Meaning In Bengali সময় আমানত অ্যাকাউন্ট
Time Deposit Account
Definition
1) Time Deposit Account (also known as a Certificate of Deposit or Term Deposit) is a type of deposit account offered by banks and financial institutions that pays a fixed interest rate in exchange for depositing funds for a specified period of time.
2) Time Deposit Account is a financial tool where the depositor agrees not to withdraw the funds for a set period, typically ranging from a few months to several years, in exchange for higher interest rates compared to regular savings accounts.
3) Time Deposit Account is a low-risk investment option ideal for individuals looking to earn guaranteed interest on their savings over a fixed term, with penalties for early withdrawal.
Examples
Time Deposit Account Example in a sentence
1) She opened a time deposit account to earn a higher interest rate on her savings.
2) My grandparents prefer to keep their money in a time deposit account.
3) If you lock your money in a time deposit account, you cannot withdraw it until the term matures.
4) The bank offers various options for setting up a time deposit account.
5) Investors often consider opening a time deposit account as a safe way to grow their money.
6) I plan to deposit a portion of my savings into a time deposit account for future use.
7) A time deposit account may offer better interest rates than a regular savings account.
8) It is important to carefully read the terms and conditions of a time deposit account before opening one.
9) Banks usually require a minimum deposit amount to open a time deposit account.
10) The interest earned on a time deposit account is typically higher than on a checking account.
Part of Speech
Time Deposit Account (Noun)
Synonyms
Encyclopedia
Time Deposit Account (also known as a Certificate of Deposit or Term Deposit) is a type of deposit account offered by banks and financial institutions that pays a fixed interest rate in exchange for depositing funds for a specified period of time.
Time Deposit Account is a financial tool where the depositor agrees not to withdraw the funds for a set period, typically ranging from a few months to several years, in exchange for higher interest rates compared to regular savings accounts.
Time Deposit Account is a low-risk investment option ideal for individuals looking to earn guaranteed interest on their savings over a fixed term, with penalties for early withdrawal.
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