statement savings account

a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account.

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Universalium. 2010.

Look at other dictionaries:

  • statement savings account — a savings account in which transactions are confirmed periodically by a bank statement. Cf. passbook savings account …   Useful english dictionary

  • statement savings account — A savings account which does not provide the depositor with a passbook. Instead, the depositor receives a monthly or quarterly statement from the bank. American Banker Glossary …   Financial and business terms

  • Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… …   Wikipedia

  • passbook savings account — noun a savings account in which deposits and withdrawals are recorded in the depositor s passbook • Hypernyms: ↑savings account * * * a type of savings account in which transactions are entered into a passbook in the possession of the account… …   Useful english dictionary

  • passbook savings account — a type of savings account in which transactions are entered into a passbook in the possession of the account holder. Cf. statement savings account. * * * …   Universalium

  • Linked Savings Account — Any type of bank savings account that is linked by account number to a NOW or checking account. These are offered for the convenience of the customer, who can keep the majority of the funds in the savings account and move money over into the… …   Investment dictionary

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  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • account — /euh kownt /, n. 1. an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip. 2. an explanatory statement of conduct, as to a superior. 3. a statement of reasons, causes, etc …   Universalium

  • Account History — All activity within an account, usually since inception. In a bank account, the account history includes all transactions initiated by the account holder as well as passive entries (such as interest on balances, which are credited to the account) …   Investment dictionary

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