UnderstandingthedifferencebetweentwotypesofbankdepositsinEnglishiscrucial。，1.TimeDeposit-Alsoknownasafixeddeposit，thisarrangementinvolvesapredeterminedtermandinterestratebetweenthedepositorandthebank.Theprincipalandinterestarepaidbackuponmaturity.Sometimedepositsallowearlywithdrawalthroughatransfertothemarket。