Offshore Time Deposit

Filed under: offshore

A savings account or CD held for a fixed-term with the understanding that the depositor can only withdraw by giving written notice. The term generally is at least 30 days.
Money Market: Certificate of Deposit (CD)
A certificate of deposit (CD) is a time deposit with a bank. Time deposits may not be withdrawn on demand like a check account. CDs are generally issued by commercial banks but they can be bought through brokerages. They bear a specific maturity date (from 3 months to 5 years), a specified interest rate, and can be issued in any denomination, very similar to bonds.

Leave a Reply

You must be logged in to post a comment.