What are the 4 types of deposits?
Financial institutions structure retail and commercial deposit portfolios across four primary categories to balance liquidity needs and interest-bearing investments. The first category is demand deposits, representing checking accounts where account holders can withdraw funds instantly without notice. The second category is savings deposits, providing secure interest-bearing accounts for personal wealth accumulation. The third category is time deposits, locking capital in fixed-term certificates that yield higher interest rates in exchange for early-withdrawal penalties. The fourth category is recurring deposits, enabling individuals to build savings progressively through scheduled periodic installments over defined contractual terms.
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