deposit account
Interest-earning account
A deposit account is a bank account that holds money for safekeeping and typically earns interest.
The term distinguishes accounts meant for saving from checking or current accounts used for daily transactions.
In British usage, deposit account often means what Americans call a savings account: She moved the inheritance into a deposit account.
Act of verification
- savingsAccumulated money kept
- balanceSteadiness or amount owed
- withdrawalAct of taking away
- transactionExchange of goods/money
routing number · bank statement · funds transfer · ATM · debit card · online banking · mobile app · overdraft
Attention, stake, or fee
- compound interestReturns on reinvested earnings
- APYAnnualized compounded interest rate
- yieldProduce or relinquish
- principalChief school administrator
maturity · accrual · dividend · capital gains · appreciation · rate · earnings · returns
Reserve for unexpected expenses
- nest eggSaved money for later
- rainy day fundMoney saved for emergencies
- retirementLeaving the workforce permanently
- college fundSavings for higher education
CD · money market · piggy bank · accumulate · reserve · budget · frugality
Deposits protected by government
- encryptionConverting data into code
- passwordAuthentication string
- two-factor authenticationIdentity confirmation requiring two proofs
- fraud protectionDefenses against deceptive schemes
identity verification · secure login · biometrics · PIN · signature card · beneficiary
checking
Act of verification
- savingsAccumulated money kept
- balanceSteadiness or amount owed
- withdrawalAct of taking away
transaction · routing number · bank statement · funds transfer · ATM · debit card · online banking · mobile app · overdraft · fees
interest
Attention, stake, or fee
- compound interestReturns on reinvested earnings
- APYAnnualized compounded interest rate
- yieldProduce or relinquish
principal · maturity · accrual · dividend · capital gains · appreciation · rate · earnings · returns · fixed rate
emergency fund
Reserve for unexpected expenses
- nest eggSaved money for later
- rainy day fundMoney saved for emergencies
- retirementLeaving the workforce permanently
college fund · CD · money market · piggy bank · accumulate · reserve · budget · frugality
FDIC insured
Deposits protected by government
- encryptionConverting data into code
- passwordAuthentication string
- two-factor authenticationIdentity confirmation requiring two proofs
fraud protection · identity verification · secure login · biometrics · PIN · signature card · beneficiary
deposit accountchecking account
Bank deposit for transactions
current account · money market account · cash account · petty cash · expense account
deposit, account, deposits, deposited, depositing, depositor, depositors, deposition, depositions