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- A savings account that offers a higher rate of interest in exchange for larger than normal deposits. Insured by the FDIC, these accounts have limits on the number of transactions allowed and may require higher balances to receive the higher rate of interest.
The Office of the Comptroller of the Currency - Cite This Source - This Definition
- Certificate of deposit, Cut-off time, Demand deposit, Minimum balance, Money market fund, Time certificate of deposit