Glossary: common terms used for time deposits.
Tenor: the length of the placement (for example 35, 91, 182, 364 days).
Maturity: the date the deposit term ends and principal plus interest are paid out or renewed.
Settlement account: the account where maturity proceeds are credited.
Auto Renew: a setting that renews the deposit for the next term at maturity.
Quick checklist: confirm the deposit amount, tenor, displayed rate, maturity date, and settlement account before you finalize the placement.
If you are planning multiple goals, consider a ladder across different maturities so you get periodic access to funds without early termination.
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There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form.
