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  2. Bank account - Wikipedia

    en.wikipedia.org/wiki/Bank_account

    The deposit account is a liability of the bank and an asset of the depositor (the account holder). On the other hand, a bank can lend some or all of the money it has on deposit to a third party/s. Such accounts, generally called loan or credit accounts, are subject to similar but reverse principles of a deposit account.

  3. Safe deposit box - Wikipedia

    en.wikipedia.org/wiki/Safe_deposit_box

    A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions. Safe deposit boxes are used to store valuable possessions, such as gemstones, precious metals, currency, marketable ...

  4. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded ...

  5. What is a savings account? Definition, how they work - AOL

    www.aol.com/finance/savings-account-definition...

    A savings account is a good place to keep money for a later date, separate from everyday spending cash, because it offers safety, liquidity and interest-earning potential for your funds. These ...

  6. What is a demand deposit account (DDA)? - AOL

    www.aol.com/finance/demand-deposit-account-dda...

    A demand deposit account is another term for a checking, savings or money market account. Money in these accounts is highly liquid, and you’ll be able to withdraw funds at any time without ...

  7. Federal Deposit Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Federal_Deposit_Insurance...

    The contents of safe deposit boxes. Even though the word deposit appears in the name, under federal law a safe deposit box is not a deposit account – it is merely a secured storage space rented by an institution to a customer. Insurance and annuity products, such as life, auto and homeowner's insurance.

  8. Certificate of Deposit Account Registry Service - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_Deposit...

    The Certificate of Deposit Account Registry Service (CDARS), was a US for-profit service that broke up large deposits (from individuals, companies, nonprofits, public funds, etc.) and placed them across a network of more than 3000 banks and savings associations around the United States. This allowed depositors to deal with a single bank that ...

  9. Saving - Wikipedia

    en.wikipedia.org/wiki/Saving

    Saving is income not spent, or deferred consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring costs . Methods of saving include putting money in, for example, a deposit account, a pension account, an investment fund, or kept as cash. [1]