deposit account

British  

noun

1. a bank account that earns interest and usually requires notice of withdrawal

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Example Sentences

Investors often place Bitcoin in so-called fixed deposit accounts, and use the value as collateral to speculate in other markets.

From Barron's

Glitches have locked customers out of deposit accounts, triggered improper fees and prompted enforcement actions over how the bank handled account closures.

From The Wall Street Journal

The typical small business holds about $12,100 in its deposit account on any given day.

From The Wall Street Journal

The bank noted continued strong growth in new retail deposit accounts, though balances are rising more slowly than previously expected.

From The Wall Street Journal

Efforts to encourage investing in Japan, where many have long kept a big chunk of their wealth in deposit accounts, have been slow to take root.

From The Wall Street Journal

Related Words

• checking account
• deposit
• savings account