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Types of bank account

401(k)

noun

in the U.S., a special account in which people can save some of the money they earn for their retirement without paying taxes on it

account

noun

an arrangement in which a bank takes care of your money. You can deposit (=put in) or withdraw (=take out) money when you need to

bank account

noun

an arrangement with a bank that allows you to keep your money there and to pay money in and take money out

checking account

noun

a bank account in which you keep money that you can take whenever you want, using your checkbook or debit card. The British word is current account.

chequing account

noun

a checking account

deposit account

noun

a savings account at a bank

merchant account

noun

a bank account used by someone who sells a product or service for taking money from customers who pay by credit card

savings account

noun

a bank account that gives you interest on the money that you have in it

pre-cation

a paid holiday given to a new employee before they start their job

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selfie stick

an expandable stick which you attach to a mobile phone or camera to help you take a selfie …

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