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What (who) is deposit account - definition
deposit account
SAVINGS ACCOUNT, CURRENT ACCOUNT, OR OTHER TYPE OF BANK ACCOUNT
Deposit accounts; Deposits; Deposit (bank); Bank deposits; Automatic transfer service account; Depositor; Deposit & Withdrawal; Bank deposit; Short term deposit; Depositors
(deposit accounts)
A deposit account is a type of bank account where the money in it earns interest. (BRIT; in AM, use savings account
)
)
N-COUNT
Deposit account
SAVINGS ACCOUNT, CURRENT ACCOUNT, OR OTHER TYPE OF BANK ACCOUNT
Deposit accounts; Deposits; Deposit (bank); Bank deposits; Automatic transfer service account; Depositor; Deposit & Withdrawal; Bank deposit; Short term deposit; Depositors
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
deposit account
SAVINGS ACCOUNT, CURRENT ACCOUNT, OR OTHER TYPE OF BANK ACCOUNT
Deposit accounts; Deposits; Deposit (bank); Bank deposits; Automatic transfer service account; Depositor; Deposit & Withdrawal; Bank deposit; Short term deposit; Depositors
¦ noun Brit. a bank account that pays interest and may not usually be drawn on without notice.
Wikipedia
Deposit account
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
Examples of use of deposit account
1. Okulov, however, recommended a fixed–term deposit account for less than a year.
2. The average balance of a migrant’s deposit account stands at about 15,000 euros, compared to 8,000 for a Greek’s account.
3. "When you buy into Surgut, you buy not only into an oil firm but into a banking deposit account.
4. Investments Any income from a British–based deposit account, investment funds, shares, pension or annuity may also be subject to UK tax.
5. The Financial Services Compensation Scheme will reimburse a saver for 100 per cent of the first 2,000 in a deposit account, and '0 per cent of the next 33,000.