Ƶ

All Countries
Time Deposit Agreement

Time Deposit Agreement Template for Germany

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Time Deposit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Time Deposit Agreement

I need a Time Deposit Agreement in English (governed by German law) for our bank's new premium savings product, offering tiered interest rates for deposits over €100,000 with a minimum term of 12 months, including online banking access and automated renewal options.

Celebrated by
Collaborations with
Investors
Document background
The Time Deposit Agreement is essential for financial institutions operating in Germany that offer fixed-term deposit products to their customers. This document is used when a customer (individual or corporate) wishes to deposit a specific sum of money for a predetermined period at a fixed interest rate. It must comply with German banking regulations (KWG), civil law (BGB), consumer protection laws, and EU regulations including GDPR. The agreement details the deposit terms, interest calculations, early withdrawal conditions, and deposit protection schemes. It's particularly important for documenting the contractual relationship between the bank and depositor, protecting both parties' interests, and ensuring regulatory compliance in the German banking sector.
Suggested Sections

1. Parties: Identification of the bank and the depositor, including full legal names and addresses

2. Background: Brief context explaining the purpose of the agreement - the customer's wish to place a time deposit with the bank

3. Definitions: Key terms used throughout the agreement including 'Deposit Amount', 'Term', 'Maturity Date', 'Interest Rate'

4. Deposit Terms: Core terms including deposit amount, currency, term length, and maturity date

5. Interest: Interest rate, calculation method, payment frequency, and tax implications

6. Account Operation: Details about how the deposit account operates, including statements and communications

7. Term and Early Withdrawal: Duration of the deposit, renewal options, and conditions/penalties for early withdrawal

8. Deposit Protection: Information about the statutory deposit protection scheme and coverage limits

9. Bank's Rights and Obligations: The bank's responsibilities and rights regarding the deposit

10. Customer's Rights and Obligations: The customer's responsibilities and rights regarding the deposit

11. Data Protection: GDPR-compliant provisions regarding the processing of personal data

12. Anti-Money Laundering: Provisions regarding identity verification and source of funds

13. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes

14. Miscellaneous: Standard provisions including severability, entire agreement, and amendments

Optional Sections

1. Joint Account Provisions: Include when the time deposit is held jointly by multiple depositors

2. Special Interest Conditions: Include when offering tiered interest rates or special promotional rates

3. Corporate Customer Provisions: Include when the depositor is a business entity rather than an individual

4. Digital Banking Services: Include when offering online access to the time deposit account

5. Foreign Currency Provisions: Include when the deposit is in a currency other than EUR

6. Power of Attorney: Include when the depositor wishes to authorize others to operate the account

Suggested Schedules

1. Schedule 1 - Interest Rate Schedule: Detailed breakdown of interest rates, including any tiered rates or promotional offers

2. Schedule 2 - Fee Schedule: List of applicable fees, including early withdrawal penalties

3. Schedule 3 - Deposit Protection Scheme Details: Detailed information about the deposit protection coverage and process

4. Appendix A - General Terms and Conditions: Bank's standard terms and conditions applicable to deposit accounts

5. Appendix B - Data Privacy Notice: Detailed GDPR-compliant privacy notice

6. Appendix C - Online Banking Terms: Terms for accessing deposit information through digital channels

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses






































Relevant Industries

Banking

Financial Services

Investment Management

Corporate Treasury

Retail Banking

Private Banking

Wealth Management

Professional Services

Legal Services

Relevant Teams

Legal

Compliance

Banking Operations

Treasury

Customer Service

Product Development

Risk Management

Regulatory Affairs

Branch Operations

Corporate Banking

Retail Banking

Finance

Operations

Relevant Roles

Legal Counsel

Compliance Officer

Banking Operations Manager

Treasury Manager

Account Manager

Relationship Manager

Product Manager - Deposits

Risk Manager

Regulatory Affairs Specialist

Branch Manager

Corporate Banking Officer

Retail Banking Officer

Financial Controller

Operations Director

Chief Financial Officer

Head of Legal

Head of Compliance

Customer Service Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Accounts Receivable Collection Agreement

A German law-governed agreement for professional debt collection services, outlining terms between a collection agency and client company.

find out more

Deed Of Assignment Of Shares

A German law-governed document that formally transfers ownership of shares from one party to another, requiring notarization and compliance with German corporate law.

find out more

Current Account Agreement

A German law-governed agreement establishing terms and conditions for current account services between a bank and account holder.

find out more

Authorization Agreement For Direct Deposit ACH Credits

German-compliant authorization agreement for direct deposit payments through ACH/SEPA, establishing terms for automated bank transfers under German banking regulations.

find out more

Operating Agreement For Bank Account

A German law-governed agreement establishing terms and conditions for bank account operations, compliant with German banking regulations and EU directives.

find out more

Bank Account Control Agreement

A German law-governed tripartite agreement establishing control over bank accounts as security in financing transactions, between an account holder, bank, and security agent.

find out more

Master Account Agreement

A German law-governed agreement establishing the fundamental banking relationship between a financial institution and its account holders, setting out core terms and conditions for account services.

find out more

Bookkeeping Service Agreement

German law-governed agreement for professional bookkeeping services, defining service scope, obligations, and compliance requirements.

find out more

Bank Trust Account Agreement

A German law-governed agreement establishing the terms and conditions for operating a bank trust account, defining the relationships between bank, trustee, and beneficiaries.

find out more

Running Account Credit Agreement

A German law-governed agreement establishing a revolving credit facility with flexible drawdown options, compliant with German banking regulations and EU directives.

find out more

Checking Agreement

A German law-governed agreement establishing the terms and conditions for operating a checking account between a bank and its customer, subject to German banking regulations.

find out more

Business Account Agreement

German law-governed agreement establishing terms and conditions for business banking services between a financial institution and commercial customer.

find out more

Accounts Receivable Agreement

German law-governed agreement for the transfer of accounts receivable between parties, outlining terms, conditions, and compliance requirements.

find out more

Trust Account Agreement

A German law-governed agreement establishing the terms and conditions for operating a trust account between a financial institution and account holder.

find out more

Cash Account Management Agreement

German law-governed agreement between a financial institution and account holder establishing terms for cash account management services and operations.

find out more

Time Deposit Agreement

German law-governed agreement between a bank and depositor establishing terms for a fixed-term deposit, compliant with KWG and BGB regulations.

find out more

Notice Of Assignment Of Accounts Receivable

A German law-compliant notification informing debtors about the transfer of accounts receivable from one creditor to another.

find out more

Blocked Account Control Agreement

A German law agreement establishing control over bank accounts as security in financing arrangements, regulating rights and obligations between account owner, bank, and security agent.

find out more

Authorization Agreement For Direct Deposits

A German-law compliant agreement authorizing regular electronic payments into a specified bank account, meeting SEPA and GDPR requirements.

find out more

Savings Account Agreement

A German law-governed agreement between a bank and customer establishing terms for a savings account, compliant with German banking regulations and EU directives.

find out more

Deposit Account Agreement

German law-governed agreement between a bank and customer establishing terms for deposit account services and operations.

find out more

Margin Agreement

A German law-governed agreement establishing terms for collateral posting and maintenance between trading counterparties, compliant with German banking regulations and EU directives.

find out more

Account Bank Agreement

German law-governed agreement establishing the terms and conditions for corporate banking services, account operation, and related banking relationships.

find out more

Blocked Account Agreement

A German law-governed agreement establishing a restricted bank account (Sperrkonto) with limited access to funds, typically used for visa requirements.

find out more

Bank Account Agreement

A German law-governed agreement establishing the terms and conditions between a bank and its customer for maintaining and operating a bank account.

find out more

Securities Account Control Agreement

A German law-governed agreement establishing control arrangements over securities accounts, defining rights and obligations between account holders, secured parties, and securities intermediaries.

find out more

Account Management Agreement

German law-governed agreement establishing terms and conditions for banking account management services between a financial institution and its clients.

find out more

Joint Account Agreement

German law-governed agreement establishing terms and conditions for operating a joint bank account between multiple account holders and a banking institution.

find out more

Account Pledge Agreement

A German law-governed security agreement creating a pledge over bank accounts as collateral for financial obligations.

find out more

Account Opening Agreement

A German-law governed agreement establishing the terms and conditions for opening and maintaining a bank account, compliant with German banking regulations and GDPR requirements.

find out more

Certificate Of Deposit Agreement

A German law-governed agreement establishing terms for a certificate of deposit between a financial institution and depositor, detailing deposit terms, interest rates, and maturity conditions.

find out more

Account Receivable Purchase Agreement

German law agreement for the purchase of accounts receivable, establishing terms between seller and factor under German banking and commercial regulations.

find out more

Accounts Receivable Assignment Agreement

A German law-governed agreement for the transfer of accounts receivable rights from an assignor to an assignee, compliant with BGB requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.