Had the money invested in the time deposit account
been utilized, it could have very well served as financial support for the goals of education as envisioned by the constitution," the audit agency stated.
Tess Gonzales, the union's secretary general, however, claimed that the agency has P211 million kept in a time deposit account
at Philippine National Bank.
The Flex Liquid CD is a time deposit account
that provides business customers with a higher rate of return and the flexibility of a savings account, plus the full protection of FDIC insurance - features vital in today's economic environment.
Time deposit account
balances have declined in the three-month period by $2.
Time deposit account
balances have declined, offset by the increase in transaction accounts, in the three-month period by $19.
The bank is structured into three main business divisions: Retail Banking, which offers a variety of products and services such as current and saving accounts, time deposit accounts
, financing, credit cards; Wholesale Banking, which offers products and services such as corporate finance and advisory services, financing products, cash management, treasury, trade finance and products and services designed to meet the need for small and medium enterprises; and Private Banking, which offers tailored solutions in the areas of investment planning and asset management, wealth management, credit planning and management.
The amounts segregated ranged from P200,000 to P500,000 and were supposedly for time deposit accounts
of the city government.
Money held in time deposit accounts
accounted for 52 per cent of the total consumer savings in 2007.
The offersare also available on Commercial Bank time deposit accounts
Chen Yi-tuan, deputy director of the economic research department of the CBC, pointed out that it remains to be seen whether local people will transfer their funds from demand deposit accounts to time deposit accounts
, due to the issue of the stock transaction gains tax.
non-interest-bearing current and time deposit accounts
This unique offering makes it possible for corporate clients to open/close their time deposit accounts
and make deposits or withdrawals on their SMT accounts in real-time, without having to visit a Citi branch.
The decrease in deposits occurred in time deposit accounts
(a decrease of $3.
This includes another range of services such as standing transfer orders to any of the customers' accounts with the bank, opening time deposit accounts
and applying for cheque books," he said.
At the Bank of Tokyo-Mitsubishi UFJ, the number of the openings of foreign currency time deposit accounts
per day in March was nine times that in February.