savings account

Types:

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

Type of:

bank account

a fund that a customer has entrusted to a bank and from which the customer can make withdrawals