DEPOSIT ACCOUNT
(noun)Definitions
There is 1 meaning of the phrase
Deposit Account.
Deposit Account - as a noun
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
Synonyms (Exact Relations)
time deposit accountExample Sentences
"I opened a deposit account at the bank."
"He decided to transfer his savings to a deposit account."
"The interest rate on the deposit account is quite low."
"She withdrew money from her deposit account to pay her bills."
"I received a statement for my deposit account in the mail."
