All posts in "Time Deposits"

Why You Should Not Put Your Money In Time Deposits?

By Mark / 5 years ago

3 Reasons Why You Shouldn’t Use Time Deposits Time deposits are savings accounts that are held by the bank for a fixed term. You cannot withdraw your money for a period of time. If you do withdraw your own money before the deadline, then you’re going to pay for a penalty fee. If that doesn’t […]


Things That You Should Know About Time Deposits In The Philippines

By Mark / 6 years ago

What are Time Deposits? Time deposits (TDs) are savings accounts that pay a fixed interest when it reach its maturity date. The amount of money in a time deposit cannot be withdrawn in a certain period of time, if one decided to withdraw earlier than the maturity date, he will pay a penalty fee. Why […]