Meaning of “notice account” in the English Dictionary

business-english dictionary

"notice account" in Business English

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notice accountnoun [ C ]

uk us

BANKING a savings account that does not allow you to take out money without telling the bank first, a particular amount of time before you want the money:

The bank has a 60-day notice account offering 4% interest.

(Definition of “notice account” from the Cambridge Business English Dictionary © Cambridge University Press)