deposit account
de
di
po
ˈpɒ
po
sit
sɪt
sit
a
a
a
ccount
kaʊnt
kawnt

Definition & Meaning of "deposit account"in English

Deposit account
01

a bank account that holds funds for a fixed term or requires notice for withdrawal, often with interest penalties 

Grammatical Information
Examples
She opened a deposit account with a 12-month fixed term to earn higher interest. 
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