Term Deposit Account
- Term Deposit Account Meaning
- Term Deposit Account
- Term Deposit Rates Australia
- Term Deposit Rates
- Term Deposit Account Commbank
The term deposit journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of term or fixed deposits.
In each case the term deposit journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.
/GettyImages-1126878582-6d25dc6732dc464da74e99e037039238.jpg "Westpac bank term deposit rates")
Typical Term Deposit Journal Entries
A term deposit account offers interest on the principal amount deposited by the account holder for a fixed term. The deposited amount in the term deposit account cannot be liquidated before the end of the term without a notice or loss of potential interest. Term Deposit BND. Providing you with term deposit account facilities. Features & Benefits. With a minimum deposit of only BND 1,000.00, you can enjoy higher returns than a regular savings account while planning for your finances; Shariah compliant term deposits accounts; Choose the tenor of your term deposit period: 1, 3, 6, 9, 12, 24 & 36 months.
Term Deposit Account Meaning
| Account | Debit | Credit |
|---|---|---|
| Term deposit account | XXX | |
| Cash | XXX |
| Account | Debit | Credit |
|---|---|---|
| Accrued income | XXX | |
| Interest income | XXX |
Term Deposit Account
| Account | Debit | Credit |
|---|---|---|
| Term deposit | XXX | |
| Accrued income | XXX |
| Account | Debit | Credit |
|---|---|---|
| Cash | XXX | |
| Term deposit account | XXX |
About the Author
Term Deposit Rates Australia
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.
Term Deposit Rates
ICICI BANK UK PLC – We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.
In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.
Term Deposit Account Commbank
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.