Business / Debt / Savings Account: An account with a bank or financial institution which pays interest on balances held, usually once or twice per year, the amount of interest paid usually depends on to the amount of money in the account and the 'base rate' of the Bank of England. There is often a notice period required for withdrawals and in most cases the longer the notice period, the higher the interest rate.
Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
Business / Finance / Sweep Account: An increase in equity created by the labor of the owner. MORE
Health / Health Insurance / Medical Savings Account (MSA): A trust that employees of small businesses may establish to pay for out-of-pocket medical expenses. MORE
Business / Human Resources (HR) / Medical Savings Accounts (MSA): Savings accounts designated for out-of-pocket medical expenses. In an MSA, employers and individuals are allowed to contribute to a savings account on a pre-tax basis and carry over the unused funds a MORE