Time deposits are a popular form of investment in which funds are held for a fixed period at a fixed interest rate. They are also known as term deposits, fixed deposits, or certificates of deposit. Time deposits are a safe and low-risk investment option for individuals and businesses looking to earn a guaranteed return on their savings. They are offered by banks, credit unions, and other financial institutions. Time deposits are a popular choice for retirement savings, as they can provide a steady stream of income during retirement. In addition, time deposits can be used as collateral for loans, and they may qualify for insurance coverage by the Federal Deposit Insurance Corporation (FDIC).