deposit account
2
3.9
- noun
- /dɪˈpɑːzɪt əˈkaʊnt/
:
cuenta de depósito
- After consulting with the bank, I decided to set up a deposit account that requires 30 days' notice for withdrawals.
- use of deposit account
So this is kind of like having a bank account where you have a deposit account at a bank, right?
- So this is kind of like having a bank account where you have a deposit account at a bank, right?
Examples
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The country's commercial banks are targeting customers to open gold deposit accounts.
Blog text (2) -
At least a portion of the enormous quantity of excess reserves held in the deposit accounts of commercial banks at the Federal Reserve serves to meet financial supervisors' mandated liquidity coverage ratios.
Academic text (2017) -
Have you got my deposit account?
-
Well, you see here, your wife has a deposit account at this branch.
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The rate on our money market deposit account... is currently 5.45 percent.
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Holding too much cash in low-paying deposit accounts costs money.
Blog text (18) -
The widely used M2, for example, is limited to retail money assets like cash and deposit accounts that are used by households and small businesses.
Blog text (31) -
Noninterest income may include check collection fees, monthly service charges on deposit accounts, cash management services, and fees from bank credit cards and consumer loans.
Blog text (10) -
Federal law currently allows banks to charge non-interest charges and fees, including deposit account service charges and ATM fees.
Blog text (10) -
Instead, the authors assert that central bank purchases of assets from nonbank financial asset holders, such as pension funds, insurance companies, and so on, are paid for by crediting the sellers' deposit accounts at commercial banks.
Academic text (2017)
Synonyms
∞
2.1
A record of money received and paid by a person or business
168
1.5
A service from a bank to keep and use your money
50
2.3
A bank service that holds money for future use and pays interest
A bank account that keeps money for a fixed time with fees for withdrawing early
Antonyms
How Accessible
- UK
1
2.7
50
2.3
2
3.9
- Specialized
Surface Forms
Morphology
The meaning of 'deposit account' is directly compositional: 'deposit' (money placed in a bank) + 'account' (a record/place for money) yields a bank account used for deposited funds, which a B1 learner who knows both words would readily infer. This noun–noun combination and the banking concept are cross-linguistically common, so the expression is transparently understood from its parts.
Etymology
The noun deposit account comes from the simple idea of putting money into the bank and keeping it safe as a record. To deposit means 'to put in' and an account is the bank's 'record' of your money. So a deposit account is an account where you put money and leave it for a time, often to earn interest or where you must give notice to take it out.