Definition of “deposit account” - English Dictionary


“deposit account” in English

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deposit accountnoun [ C ]

uk /dɪˈpɒz.ɪt əˌkaʊnt/ us /dɪˈpɑː.zɪt əˌkaʊnt/ UK US savings account

Examples from literature

  • But the deposit account is most often kept by people who have to have a reserve of cash quickly available for business purposes. 
  • But, on writing up our books that night, we found that our deposit account had diminished about sixty-five thousand dollars. 
  • On their deposit account they receive interest, on their current account they may in some parts of the country receive interest on the average balance kept. 
  • They must have had, during that winter, an average deposit account of nearly two million dollars, of which seven hundred thousand dollars was in "certificates of deposit," the most stable of all accounts in a bank. 
  • We could loan, at three per cent. a month, all our own money, say two hundred and fifty thousand dollars, and a part of our deposit account. 

(Definition of “deposit account” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“deposit account” in Business English

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deposit accountnoun [ C ]

uk us 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

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