a competitive, low risk investment that is ideal for planning your future financial needs such as retirement, saving a deposit for a house or as a source of regular income

an investment in cash, and is considered one of the safest (least risky) investment options

a resource which the business is using to make money, so it is an asset account

a special account that requires funds to be lodged for an agreed term, in order for an agreed rate of interest to be paid

Money deposited for a fixed term - usually between 30 days and five years. If you want your money back before the term is up you may have to forego a portion of your interest as penalty.

Money invested for a fixed term at a fixed rate of interest which applies for the duration of the deposit.

The depositing of money with a financial institutions for a fixed time period at a fixed interest rate.

Similar to a guaranteed investment certificate. An interest-paying investment under which the investor commits funds for a specified term at a specified rate of interest.

Term deposits are issued by the chartered banks and trust companies for any period up to five years. It is a short-term note to which the investor commits funds for a specified length of time, earning a specified rate of interest. Interest is payable annually, semi-annually or monthly or may be compounded. The more frequent the interest payments, the lower rate of return. Term deposits can usually be redeemed (with penalty) before their term is up, but they cannot be transferred. Interest rates on term deposits are higher than on savings accounts. To obtain full benefit from the deposit, the funds must not be withdrawn until the term of the deposit expires.

Type of savings account where the size of the deposit, interest rate and length of time the money is deposited for are all fixed. Often called a fixed interest account

Funds deposited in a savings account, the terms of which impose a financial penalty if funds are withdrawn before a specified date.... read full article

Very similar in nature to a Guaranteed Investment Certificate (GIC), term deposits generally pay a slightly lower interest rate as they may be redeemed at any time.

A deposit with a financial institution for a fixed period and a rate of interest which applies for the duration of the deposit.

A deposit with a bank or similar organization for a fixed period at a fixed interest rate.

A type of savings account where the size of the deposit, the interest rate, and the length of time the money is deposited for, are all fixed.

This is money deposited with a bank for a fixed period of time.

A deposit made for a fixed term at a fixed interest rate.

An account that pays a fixed rate of interest over a fixed term, usually from one to three years. Funds are not ‘at call' and a penalty can apply if the term is broken.

a type of deposit with a financial institution that's repaid to you at a specified time (e.g., 90 days or one year) and at a specified interest rate

fixed-term deposits are savings accounts which offer higher rates of interest in return for committing funds for a set period. The longer the term, the higher the rate of interest. Money in a term deposit cannot be withdrawn at any time like a standard "at call" savings account.

When money is deposited for a fixed time period at a fixed interest rate.

An investment product where a fixed sum of money is deposited into an account for a set period of time with interest paid over the term.

A situation where funds are deposited into an bank account for a pre-determined period and a fixed interest rate.

A Canadian money market instrument issued for a fixed term with a fixed interest rate and Canadian Deposit Insurance Corporation coverage.

A deposit instrument most commonly available from chartered banks, requiring a minimum investment at a predetermined rate of interest for a stated term. The interest rate varies according to the amount invested and the term to maturity, but is competitive with comparable alternative investments. A reduced interest rate usually applies if funds are withdrawn prior to maturity.

A banking product that offers a slightly higher annual percentage rate than savings accounts payable on the amount invested. A term deposit has a fixed term (which can vary) during which the amount invested cannot be accessed.

A deposit with a financial institution for a fixed period, with a fixed interest rate for the duration of the deposit.

A time deposit (also known as a term deposit, particularly in Canada, Australia and New Zealand) is a money deposit at a bank that cannot be withdrawn (without penalty) for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. Generally speaking, the longer the term the better the yield on the money. A certificate of deposit (CD) is a time-deposit product.

An investment product in which you deposit a fixed sum of money for a set period of time and are paid interest.

An investment medium that pays an agreed rate of interest on cash deposits, provided the funds are invested for a specified number of days.