savings account

Noun
  1. A bank account that accumulates interest (synset 113385385)
    is a type of: bank account - a fund that a customer has entrusted to a bank and from which the customer can make withdrawals
    subtypes:
    • deposit account, time deposit account - a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
    • dormant account - a savings account showing no activity (other than posting interest) for some specified period
    • passbook savings account - a savings account in which deposits and withdrawals are recorded in the depositor's passbook

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