Definition of deposit account in English:
A bank account that pays interest and is usually not able to be drawn on without notice or loss of interest.
- They work by tying together your current account, your deposit account, any personal borrowings and your mortgage.
- EBS has three managed funds and a deposit account to choose from.
- Thus, where a customer was insolvent a lien could be exercised by the bank over funds standing to the credit of his fixed deposit account.