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Hong kong dollar time deposit. Save your money for a set period of time and get a higher interest rate than in an easy access savings account. Start saving with just hkd10,000. Choice of term from 1 day to 36 months to suit you. Access and manage your time deposit via branches, phone banking, mobile and online banking. Minimum deposit required to invest in the post office time deposit scheme is rs. However, it must be noted that the amount to be deposited should be in multiples of rs. If not, the amount in multiples of rs. 100 will be retained in the account and the balance will be refunded without any interest. A time deposit is an interest-bearing bank account that has a set maturity date or term on it. To earn the stated interest rate in a time deposit, you must keep your money in the account for a fixed term. A certificate of deposit (cd) is the most common type of time deposit. Time deposits may pay higher interest rates than demand deposits such as checking or money market accounts, which allow withdrawals at any time. The federal reserve currently does not place reserve requirements on savings deposits and cds. Time deposits, also known as certificates of deposit, pay a much higher interest rate but require a minimum deposit and tie your money up for a set period of time, which can range. A time deposit account is a depository account offered by banks that pay interest on deposited money if it remains in the account for a certain amount of time Our promotions are updated, time deposit.
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