A fixed deposit, also referred to as a time deposit, term deposit or Certificate of Deposit (CD), is a kind of savings deposit with a definite length of maturity. The principal or original investment amount is placed into a savings account and earns interest at a pre-determined rate. Generally, time deposits offer investment maturity terms from 3 months to 5 years where longer terms earn higher rates. Time deposits offer higher rates of return than most comparable investments because the invested money is "tied up" until the maturity of the time deposit. Money removed before maturity is subject to an early withdrawal penalty. Such withdrawals usually result in interest being calculated at the current or at-call deposit rate? Time deposits are low risk, low return investments and are generally available for a minimum investment amount of 50 RMB, without any upper limit. This type of deposit is suitable for customers who do not require access to their money for a certain period of time.