savings account
Definition
Bank or other depository institution account (1) from which withdrawals can be made, (2) interest accrues on the account balance, (3) does not have any maturity date, and (4) usually does not require a minimum balance.
savings account is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
savings account appears in the definitions of the following terms:
retail banking,
dormant account,
pledged account mortgage (PAM),
universal life insurance,
tiered rate account,
account type,
available balance,
savings account loan,
Great Depression,
add-on sale
and
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