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Meaning of savings account

Source language: EnglishDictionary language: English

savings account

noun

Definitions

  1. A bank account designed for a client's savings, which compared to a current account typically entails withdrawal restrictions but yields a better interest

Sources:https://en.wiktionary.org/wiki/savings%20account

Related words

bank accountdemand accountsavings and loansavingdiscretionary accountnarrow bankmutual savings banknegative interest