Meaning of “call account” in the English Dictionary

business-english dictionary

"call account" in Business English

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call accountnoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)