What is another word for time deposit?
Pronunciation: [tˈa͡ɪm dɪpˈɒsɪt] (IPA) 
A time deposit is a financial instrument that offers a guaranteed rate of return for a specified period of time. Synonyms for time deposit include certificate of deposit, fixed deposit, term deposit, and savings certificate. These financial products are popular among savers who want to earn a higher rate of interest than a traditional savings account. With a time deposit, the account holder must commit to keeping the funds deposited for a specific length of time. This means that the account holder cannot withdraw the funds or access them without penalties until the maturity date. Time deposits are generally considered low-risk investments with predictable returns.
