Accountancy, asked by pabhishek6823, 7 hours ago

What is a deposit savings account?

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Answered by devilrudra2020

5

Answer:

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. ... Additionally, some banks pay customers interest on their account balances.

Explanation:

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Answered by satvikHari

2

Answer:

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. ... Additionally, some banks pay customers interest on their account balances.

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