A deposit (specifically, a time deposit) that constitutes an amount of money left with a bank or a similar financial institution for a longer period of time, for the purpose of saving or accumulation of funds. Typically, the interest rate is fixed during the term. Such an account does not allow the depositor to withdraw money on demand, but rather have a specified maturity or require a notice (e.g., a 30 day notice) before withdrawal.

These deposits usually pay interest and are used by their holders as an income-generating investment.