Sentences with phrase «time deposit accounts»

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.

These are called time deposit accounts and call deposit accounts, which are similar but have some key differences.

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.

Your checking, savings or money market accounts, and other time deposit accounts such as certificates of deposit or IRA, loan or line of credit, including residential mortgage loans, and credit card accounts that are eligible to access using Online Banking.

Non-personal time deposits are not subject to reserve requirements under the Federal Reserve's Regulation D. Federally insured banks are required to report their non-personal time deposit account balances to their regional Federal Reserve Bank on a regular basis.

They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts.

For most time deposit accounts, we will credit interest to your account on a monthly, quarterly, semi-annual or annual basis, as you may elect.

IRAs & Keoghs - You may not withdraw principal from an IRA or KEOGH time deposit account prior to the maturity date without our consent and without incurring a penalty.

Time deposit accounts provide banks the funds necessary to lend money to other individuals or entities.

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

Types of deposits may include demand / checking deposit, non - interest - bearing / interest - bearing deposits, savings deposits, money market accounts, NOW accounts, time deposit accounts, and certificates of deposit.

Time deposit accounts and call deposit accounts allow customers to earn higher interest in exchange for less access to their cash.

You will have a grace period after the maturity date of three calendar days (for time deposit accounts with terms of 31 days or less) or ten calendar days (for time deposit accounts with terms greater than 31 days) to withdraw funds without penalty.

Please consult your Disclosure of Products and Fees to determine whether your time deposit account has a fixed or variable rate.

Depending on the type of account you select, interest may be reinvested in your time deposit account, deposited into another account with us, deposited into an account with another financial institution by electronic transfer, or paid to you by check.

The interest rate used to calculate your early withdrawal penalty will be the rate in effect for that time deposit account on the date of withdrawal.

With any time deposit account, if an early withdrawal penalty exceeds interest accrued on your account, whether paid or unpaid, the penalty will be withheld from the principal sum of your account.

Interest begins to accrue on a time deposit account on the business day you deposit cash or noncash items (for example, checks).

For all time deposit accounts except «Jumbo» CDs, interest is compounded and accrued daily.

Our time deposit accounts include Certificates of Deposit (CDs), Variable Rate and Tiered Fixed Rate IRAs, and KEOGH accounts.

The bank makes a profit by lending the money held in the time deposit account to those seeking funds charging a rate higher than that being provided to the time deposit account holder.

A certificate of deposit is a time deposit account — issued by banks and credit unions — that works like a promissory note.

A savings account is a time deposit account, which earns interest on the money you deposit.

United Community Banks, Inc. is a bank holding company, which offers a range of retail and corporate banking services, including checking, savings, and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services etc..

Time deposit accounts and call deposit accounts allow customers to earn higher interest in exchange for less access to their cash.

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.

You can also keep your cash in a time deposit account such as a certificate of deposit (CD).

Like any other time deposit account, a non-personal time deposit account pays a fixed amount of interest for a specified time period.

The Regions Deposit Agreement covers any and all deposit accounts you have or have had from time to time with Regions Bank, by whatever name or descrip - tion, including, but not limited to, checking accounts, savings accounts, money market deposit accounts, time deposit accounts, and certificates of deposit.

Certificate of Deposit — A certificate of deposit, often referred to as a CD, is a timed deposit account that accrues interest for the term of the deposit.

Sold products to new and existing customers for home equity lines of credit, checking, savings, money markets, time deposit accounts, IRA, safe deposit boxes and credit card accounts.