deposit account

noun

chiefly British
: a bank account in which people keep money that they want to save : savings account

Examples of deposit account in a Sentence

Recent Examples on the Web An advisory opinion pointed to fees tied to consumer inquiries about deposit account balances and the amount needed to pay off loans, among other things. Paul Davis, Forbes, 29 Nov. 2023 To complete transactions, both senders and receivers must have a deposit account that’s connected to the system. Kristin Broughton, WSJ, 2 Nov. 2023 Madeline Marshall Right now, the only way to escape high interest rates is by opening a deposit account to try to benefit from them. Jon Sindreu, WSJ, 13 July 2023 The bank will either put funds into your deposit account or will send you a check. Matt Egan, CNN, 11 July 2023 Cash that is not in a deposit account is not protected by FDIC insurance. Virginia Hammerle, Dallas News, 25 June 2023 However, Apple's deposit account agreement states that the bank requires seven days' notice of withdrawal, so that should be considered for anyone wanting immediate liquidity. Melody Brue, Forbes, 20 Apr. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'deposit account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Deposit account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deposit%20account. Accessed 13 Apr. 2024.

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