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Definition of deposit account noun from the Oxford Advanced Learner's Dictionary

deposit account

noun
 
/dɪˈpɒzɪt əkaʊnt/
 
/dɪˈpɑːzɪt əkaʊnt/
(British English)
(also savings account British English, North American English)
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  1. a type of bank account that pays interest on the money that is left in it, but from which you cannot take the money out without giving notice or losing interest compare current accountTopics Moneyc2

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