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English definition of “call account”

call account

noun [C]     (also call deposit account) UK
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)
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