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Savings deposit

• Interest-bearing deposit at a savings institution that has no specific maturity.

• Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand.

 
 Embedded terms in definition
 Demand
Interest rate
Interest
Maturity
 
 Related Terms
 Certificate of deposit
Deposit note
Eurocurrency deposit
Federal deposit insurance corporation
Federal deposit insurance corporation fdic
Negotiable certificates of deposit
Negotiated certificate of deposit
Passbook savings accounts
Qualified savings plan
Savings and loan association
Security deposit initial
Security deposit maintenance related
Time deposit
U.s. savings bonds

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