Within this very broad definition, different types of time deposit accounts have different rules on how much interest you earn and how you can withdraw money. (valuepenguin.com)
These are called time deposit accounts and call deposit accounts, which are similar but have some key differences. (investopedia.com)
Actual interest on time deposit accounts with shorter than a one - year term, or on accounts where interest is periodically paid out or transferred to another account, will be less than the APY. (firstcitizens.com)