what is a term deposit 
a term deposit is a fixed term investment that includes the deposit of money into an account at a financial institution term deposit investments usually carry short term maturities ranging from one month to a few years and will have varying levels of required minimum deposits the investor must understand when buying a term deposit that they can withdraw their funds only after the term ends in some cases the account holder may allow the investor early termination or withdrawal if they give several days notification also there will be a penalty assessed for early termination examples of term deposits include certificates of deposit cds and time deposits investopedia theresa chiechiterm deposit explained