Definitions for "Deposit Account"
Keywords:  uspto, cheque, society, withdraw, saved
This is a bank account in which money is saved. It normally pays interest on the money invested.
This type of account generally pays a higher rate or interest than a current account, but there may be restrictions on access to funds. They do not generally have a cheque book or other facilities that a current account provides.
An Access Account, other than a Credit Account, maintained by a Member for processing transactions. Deposit Accounts include checking, NOW, savings, share draft, and such other depository accounts as are legal under Applicable Law.
an essential building block of good financial planning