Forgive me: this is not really an Excel question. But
I know there are a lot of savvy financial people lurking
in these newsgroups. I hope one of you will be kind
enough to respond.

Someone described the following savings alternative
offered by a bank. I cannot find any information on
their web site. Can someone tell me what kind of a
savings instrument this is ...?

You contribute a fixed amount each month over a finite
period (e.g, 5 years) for a fixed APR. You pay a penalty
for early withdrawal.

I am not sure about any other details about the plan.
In fact, that is what I am looking for. But I need a term
to search for. My efforts have been fruitless so far.

TIA.