Definition of Passbook savings account
1. Noun. A savings account in which deposits and withdrawals are recorded in the depositor's passbook.
Passbook Savings Account Pictures
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Literary usage of Passbook savings account
Below you will find example usage of this term as found in modern and/or classical literature:
1. Personal Finance by Robert S. Rosefsky (2001)
"But generally the certificate will pay you a higher rate of interest than the regular passbook savings account. In other words, the passbook savings account ..."
2. Protecting the Future of Social Security: Hearing Before the Budget edited by John R. Kasich (1997)
"It was our thought—it was my thought that if you can start this, if they see their own passbook savings account, like Chile has ..."
3. America, a Minority Viewpoint by Walter Edward Williams (1982)
"... reason is that an inflation rate of 11 percent makes a passbook savings account paying a 6 percent interest rate look like a cruel joke. ..."
4. Privacy in a Fishbowl by Gyeorgos Ceres Hatonn (1995)
"... Certificate of Deposit from First National Bank, $4200 from a $48000 CD at the same bank and another $1600 from a $28000 passbook savings account. ..."