deposit account

NOUN
  1. a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
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How To Use deposit account In A Sentence

  • That begs the question as to whether our money would be safer under the mattress or in a bank deposit account than invested in shares, unit trusts or pension schemes.
  • In many countries, depositors may choose which national money will be the denomination of their deposit account.
  • This can be done, for example, if the company acquires a source of income, such as opening a bank deposit account.
  • Amid the focus on the shrinking of deposit account returns, scant attention has been paid to the charges on overdrafts. Times, Sunday Times
  • They operate rather like bank deposit accounts, where the interest rate is credited at regular intervals.
  • The telltale entry was the lone item on the credit side: £2,000, from deposit account.
  • My current bank deposit account interest rate has just been cut again.
  • This can be done, for example, if the company acquires a source of income, such as opening a bank deposit account.
  • The bank's deposit accounts are on the increase.
  • During the war, of course, gold holdings were requisitioned, and it was replaced by a deposit account at the bank.
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