Because interest can now be paid on demand deposits, larger business with temporary excess liquidity may want to obtain short-term time deposits (under 7 days). It's perfectly legit to offer them, and the Time Deposit early withdrawal fee requirement is not required.
Your CFO may not want to take on this kind of liability, however, if it messes with the bank's asset-liability mix.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8