deposit account

noun

A bank account maintained by a financial institution in which a customer can deposit and withdraw money.

Similar
time deposit account
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Meanings

noundeposit account (plural deposit accounts)

plural deposit accounts

  1. bankingA bank account maintained by a financial institution in which a customer can deposit and withdraw money.

Synonyms & antonyms

nouna 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

Similar
time deposit account
Broader
savings account
Also see
time deposit account

Synonym sets from Open English WordNet, CC BY 4.0.

Cite this entry
APA

deposit account. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/deposit%20account

MLA

“deposit account.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/deposit%20account. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “deposit account,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/deposit%20account.

Source: deposit account on Wiktionary, CC BY-SA 4.0.