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Types of bank account

401(k)

noun

in the US, 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 looks after 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

budget account

noun

an account with a bank, shop, or other organization that allows you to pay for something with regular small payments

checking account

noun

a current account

chequing account

noun

a current account

current account

noun

a bank account that you can take money out of whenever you want using a cheque or a cash card. The American word is checking account.

deposit account

noun

a savings account at a bank

ISA

noun

Individual Savings Account: a British tax-free savings account

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

mom jeans

a style of loose-fitting jeans with a high waist, often considered unfashionable

BuzzWord Article

Open Dictionary

endies

Employed but with No Disposable Income or Savings: people who are in work but only earn just enough to live on

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