What is another word for deposit account?

Pronunciation: [dɪpˈɒsɪt ɐkˈa͡ʊnt] (IPA)

A deposit account, commonly referred to as a savings account, allows individuals to save money and earn interest on their deposits. However, there are other synonyms for deposit account, including a time deposit account, certificate of deposit, or a money market account. A time deposit account requires a specific time commitment for the deposit, such as six months or two years, whereas a money market account typically yields higher interest rates but requires a higher minimum balance. A certificate of deposit is similar to a time deposit account, but the interest rate is fixed for the term of the certificate. Regardless of the account one chooses, a deposit account is an essential financial tool for building wealth and achieving financial goals.

Synonyms for Deposit account:

What are the hypernyms for Deposit account?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Deposit account?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Related words: savings account, credit card, checking account, money market account, certificate of deposit, account opening


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