deposit account

noun

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

Example Sentences

"There is more savings in deposit accounts, there's less people struggling with loans and actually business confidence is at a nine-year high."

From BBC

The act is a proposed federal law that would ensure that all businesses — including state-sanctioned weed stores — have access to deposit accounts, insurance and other financial services.

From Seattle Times

For Shawbrook, an acquisition of either Co-op or Metro Bank would give it greater scale as well as access to current deposit accounts, a cheaper source of funding for its loans than savings.

From Reuters

Senators have concerns about a part of the bill, Section 10, that makes bank regulators have a valid reason for requesting that a bank shut down a deposit account.

From Washington Times

In January, the Justice Department proposed changes to how it runs federal prisoners’ deposit accounts in an effort to ensure victims are paid restitution, including from some high-profile inmates with large balances.

From Seattle Times

Related Words

• checking account
• deposit
• savings account