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English definition of “deposit account”

deposit account

noun [C]
 
 
(written abbreviation d/a) BANKING
a bank account that pays interest, used especially by people who want to save money: You can open a deposit account with as little as £20. put money into a deposit account → Compare current account
→ See also call deposit account
(Definition of deposit account from the Cambridge Business English Dictionary © Cambridge University Press)
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