Time Deposit

New Words anxious adj.

available adj. option n.

maturity n. emergency n.

mature v. Phrases & Expressions

regular savings account time deposit

time certificate of deposit the stated interest return

Liu Bing, I have two thousand yuan for the cost of this term, enough to last from now until summer vacation.

I feel anxious about carrying around such a large sum. What should I do? Let me think. You can deposit one half as regular savings accounts and another half as time deposits.

That's a good idea. Will they earn a similar rate? The interest rate for time deposits is much higher than regular savings account.

How long do I have to keep the money in the account? The savings banks offer a choice of three, six or twelve - month maturities in most cases.