Sentences with phrase «non-personal time deposit»

If a non-personal time deposit has a different early withdrawal penalty, or no early withdrawal penalty, it must also have a maturity or notice period of at least seven days to less than 1.5 years from the deposit date.

Generally speaking, a bank needs at least 30 days notice of a withdrawal from a non-personal time deposit account.

A non-personal time deposit is a time deposit account held by, according to Regulation D, «a depositor who is not a natural person,» i.e., a corporate bank customer.

According to Section 204.2 of Regulation D, non-personal time deposits must be subject to a minimum early withdrawal penalty provided they have a notice or stated maturity period of 1.5 years or more.

Non-personal time deposits are interest - bearing bank accounts with pre-specified maturity dates, before which the depositor can not withdraw the funds without incurring a penalty.