What do you mean by bank time deposit?

A bank time deposit is a bank time deposit. It can also be called "time deposit certificate". A deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit, and withdraw the principal and interest after maturity.

Cash and current savings deposits can be directly applied for time savings deposits. The initial deposit amount for opening a fixed account is 50 yuan, and there is no limit on deposit.

The storage period is three months, six months, one year, two years, three years and five years. Part of the withdrawal can be made once in advance. When the deposit expires, you can withdraw the principal and interest with the certificate of deposit, or you can automatically transfer it in installments according to the original deposit period.

Interest shall be calculated and paid according to the deposit interest rate on the date when the deposit certificate is opened, according to the current deposit interest rate on the date of withdrawal for early withdrawal, and according to the deposit interest rate on the date of withdrawal for overdue withdrawal.

Extended data:

The deposit methods of fixed deposit include lump sum deposit and withdrawal, lump sum deposit and withdrawal, principal deposit and withdrawal and lump sum deposit and withdrawal.

1 lump sum deposit and withdrawal

It is a time deposit in which customers choose the deposit term, lump-sum deposit and withdrawal, and withdraw the principal and interest at maturity.

2. lump sum deposit and withdrawal

If customers need to gradually accumulate the monthly balance, they can choose the deposit method of "zero deposit and lump sum withdrawal". Lump sum deposit and withdrawal refers to the fixed deposit with an agreed amount, which is deposited monthly according to the agreed amount and the principal and interest are withdrawn at maturity.

3. Deposit principal and interest.

If a customer has money that he doesn't need to use in a certain period of time, he only needs to withdraw interest regularly for daily expenses, and the customer can choose the method of "saving the principal and withdrawing interest" as his regular savings deposit. "Deposit with interest" is a kind of time deposit, in which the principal is deposited in one lump sum, the interest is withdrawn in installments, and the principal is withdrawn at maturity.

4. lump sum deposit and withdrawal

If a customer has a large amount of capital income and needs to withdraw it by stages within a certain period of time, he can choose the "lump sum deposit and zero withdrawal" method as his own savings deposit method. The "lump sum deposit and withdrawal" business is a fixed deposit with a pre-agreed deposit period, a lump sum deposit, installment withdrawal of principal and interest withdrawal at maturity.

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