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 account which lies with banks or building society, you receive a variable rate of interest in your account .A high rate of interest can also be availed in those accounts which don't have easy access of money .
a bank account normally used for saving money, with interest paid on the balance, and often with restrictions on withdrawals. Sometimes referred to as a 'Savings account'. No chequebook is usually available with this account
An account which pays interest, the interest being determined by reserves and long term investment projections, rather than current investment conditions. Interest may be variable, but once paid is not subject to fluctuations in value e.g. as with a building society account.
A bank or building society account which earns a steady rate of interest and in which your original capital* is secure. The interest rates paid vary depending on the length of time you are prepared to lock your money away for.
A deposit account is an account at a banking institution that allows money to be held on behalf of the account holder. Some banks charge a fee for this service, while others may pay the client interest on the funds deposited.