Call Deposit Account

Dictionary Says

Definition of 'Call Deposit Account'

A bank account for investment funds that offers the advantages of both a savings and a checking account. A call deposit account, like a checking account, has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits. Like a savings account, a call deposit account pays interest. The rate of interest a call deposit account pays depends on the amount of money in the account, a system commonly referred to as banded interest rates. Also, different currencies may earn different interest rates. Depositors may have to meet a minimum balance threshold before they earn any interest.
Investopedia Says

Investopedia explains 'Call Deposit Account'

Call deposit accounts allow investors to deposit and withdraw funds in several currencies, which commonly include the U.S. dollar, the euro and the British pound. This flexibility reduces investors' exposure to foreign exchange expenses and currency risk. Call deposit accounts often have minimum deposit requirements to establish an account and may have minimum daily balance requirements, too.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Savings Account

    A deposit ...
  2. Checking Account

    A transactional ...
  3. Margin Account

    A brokerage ...
  4. Sub Account

    A segregated ...
  5. Money Market Account

    A savings ...
  6. Smart Money

    Cash invested or ...
  7. Delta

    The ratio ...
  8. Delta Neutral

    A portfolio ...
  9. Put

    An option ...
  10. Exchange Distribution

    A type of trade ...

Articles Of Interest

  1. Money Market Mutual Funds: A Better Savings Account

    An good alternative to the traditional savings account is the money market mutual fund. It's easy, safe and has better returns.
  2. Savings Accounts Not Always The Best Place For Cash Assets

    Money market funds may be all that stands between you and increasing your wealth.
  3. Demystification Of Bank Accounts

    Find out which type of account suits your specific needs.
  4. Bag The Best Bank Account

    Take advantage of the deals banks offer, and find the right account for your financial situation.
  5. Handling High-Yield Savings Accounts

    Is this the savings route for you? Read on to find out what these accounts have to offer.
  6. Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
  7. Carl Icahn's Investing Strategy

    Buying up failing investments and turning them around helped to create the "Icahn lift" phenomenon.
  8. Cutting Edge Options Trades: The Zero-Premium Hedge

    This options trade is essentially free and can have huge profit potential, but it's not without its risks.
  9. Offset Risk With Options, Futures And Hedge Funds

    Though all portfolios contain some risk, there are ways to lower it. Find out how.
  10. Precious Metals Funds: A Golden Opportunity?

    Used intelligently, precious metals can help an investor obtain decent returns in a terrible market.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center