Deposit Account

nounverified·updated May 18, 2026

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a bank account (often a savings account) that money can be deposited and withdrawn from by the account holder. The deposit can be held for a fixed term in which withdrawals can be made only after giving notice or with loss of interest.

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§1: a bank account (often a savings account) that money can be deposited and withdrawn from by the account holder. The deposit can be held for a fixed term in which withdrawals can be made only after giving notice or with loss of interest.