Term Deposit Account definition

Term Deposit Account means an interest-bearing bank deposit account that has a specified date of maturity. The funds in these accounts must be held for a fixed term and include the understanding that the depositor can make a withdrawal only by giving notice.

Term Deposit Account means depending on the context, recurring deposit account or cumulative deposit account, in whatever nomenclature, opened and maintained at the Bank by any Customer who is a resident Indian.

Term Deposit Account means an account for which your interest rate is fixed for the investment term, provided you do not close the account before the Maturity Date.

Examples of Term Deposit Account in a sentence

• Scottish Widows Bank is the provider of the CAF 90 Day Notice Account, the CAF 1 Year Fixed Term Deposit Account and the CAF Maturity Base Rate Tracker.

• When you open a standard Term Deposit Account, or a Limited Offer Term Deposit Account (refer to clause 63.2), you will receive a Certificate of Investment.

• Who we are ◼ Scottish Widows Bank is the provider of the CAF 90 Day Notice Account, the CAF 1 Year Fixed Term Deposit Account and the CAF Maturity Base Rate Tracker.

• In addition, as interest rates may vary over time, we encourage you to contact us before your Term Deposit Account matures to discuss the interest rates that are available to you.

• Who we are n Scottish Widows Bank is the provider of the CAF 90 Day Notice Account, the CAF 1 Year Fixed Term Deposit Account and the CAF Maturity Base Rate Tracker.

More Definitions of Term Deposit Account

Term Deposit Account means our Term Deposit – Verified and Term Deposit – Non verified accounts and ‘Term Deposit’ ‘account’ or ‘facility’ has the same meaning;

Term Deposit Account means Your term deposit Account of either 3, 6, 12, 24, 36 or 60 months or any other period offered in the future.

Term Deposit Account means banking account registered as a term deposit account;

Term Deposit Account means the Deposit Account on which a Deposit is made for a specific period of time.

Term Deposit Account is a deposit account opened by customers at OCB according to a certain Term, managed on OCB's information technology system..

Term Deposit Account means any term deposit account held by the Customer with the Bank. Users means any persons delegated by the Customer to use the Electronic Banking Channel.

Term Deposit Account means a deposit account in any currency where the funds in the account are deposited for the term nominated in the relevant Account Opening Document.