call account

noun [C] (also call deposit account) UK

Definition

› BANKING a bank account in which you can invest money that earns a higher rate of interest than in an ordinary account, and from which you can take money when you need it, if you tell the bank a short time in advance: The interest on our call accounts is calculated on the daily cleared balance and paid monthly.

(Definition of call account noun from the Cambridge Business English Dictionary © Cambridge University Press)