A bank deposit developed in 1966 which can carry maturities longer than one year with an interest rate that may be adjusted every 3 to 6 months to match changes in LIBOR is known as the:

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Eurodollar CDs are bank deposits that are denominated in U.S. dollars but are held in banks outside the United States, not under U.S. jurisdiction. They can have maturities longer than one year, and their interest rates may be adjusted periodically, often in relation to changes in the London Interbank Offered Rate (LIBOR). This financial instrument was developed to work within the international banking system, allowing for flexibility in interest rates to reflect the changing market conditions.

A Bank Deposit Developed in 1966 Which Can Carry Maturities