Day of deposit to day of withdrawal account

(redirected from Day of Deposit to Day of Withdrawal Accounts)

Day of deposit to day of withdrawal account

A bank account that pays interest according to the number of days that the money is actually on deposit.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Day of Deposit to Day of Withdrawal Account

A bank account on which interest is paid for the period during which money is in the account. Nearly all bank accounts are day of deposit to day of withdrawal accounts.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved