Ten facts about "Time deposits"?

ok for change up wording a little bit or else the teacher will tell u you plagerized

Explanation:

Time deposit accounts provide banks with the cash flow they need to lend money to other customers. The bank makes a profit by lending the funds held in time deposit accounts for a higher interest rate than the rate it pays on the time deposits.

A time deposit such as a CD can be purchased at virtually any bank, credit union, or other financial institution. The interest rates paid vary, as do other terms. For example, one bank may offer a higher return but require a larger deposit.

The owner of a time deposit can withdraw the money out if necessary but will lose some or all of the promised interest and may pay penalty fees. The terms are in the fine print that the saver receives when opening the account.

A customer can earn a slightly higher interest rate with a time deposit account than would be available in a standard savings account or an interest-bearing checking account. The better return is offered because the funds remain locked until the maturity date of the account.

Time deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per investment. Those opened at a credit union carry protection from the National Credit Union Administration (NCUA).

A time deposit is an interest-bearing bank account that has a date of maturity, such as a certificate of deposit

The money in a time deposit must be held for the fixed term to receive the interest in full.

Typically, the longer the term, the higher the interest rate that the depositor receives for a time deposit.

Time deposits are an extremely safe investment but they have a low rate of return.

paul willis (born 1950) is a british social scientist known for his work in sociology and cultural studies. paul willis' work is widely read in the fields of sociology, anthropology, and education, his work emphasizing consumer culture, socialization, music, and popular culture. he was born in wolverhampton[1] and received his education at the university of cambridge and at the university of birmingham. he worked at centre for contemporary cultural studies and subsequently at the university of wolverhampton. he was a professor of social/cultural ethnography at keele university. in the autumn of 2010, he left keele university and is now a professor at princeton university.

paul willis’s work has focused mainly, but not exclusively, on the ethnographic study of lived cultural forms in a wide variety of contexts. from highly structured to weakly structured ones, willis examines how practices of `informal cultural production` to produce and construct cultural worlds `from below`.[2]

trained in literary criticism at cambridge,[2] paul willis received his phd in 1972 from the centre for contemporary cultural studies at birmingham university where he remained as senior research fellow until 1981. he gave a paper at the 9th symposium of the natiohnal deviancy conference in january 1972 entitled 'a motor-bike subculture

during the 1980`s willis served as youth policy adviser to wolverhampton borough council in the english midlands. there he produced the youth review (published by the council and ashgate) which formed the basis for youth policy and for the formation of the democratically elected youth council, both still functioning. during the 1990s he served first as head of the division of media, communications and cultural studies, and then as a member of the professoriate at the university of wolverhampton. in 2000 willis co-founded the sage journal, ethnography. in 2003 willis was hired as a head professor of social and cultural ethnography at keele university.