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DEPOSIT ACCOUNT

(noun)
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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 account

Example 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."
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