another term for savings account?

[Elizabeth]

English Language Tests, Intermediate level

ESL/EFL Test #231 "Bank Terminology (1)", question 1

Mandy wants to buy ......... because she doesn't want to carry cash when she goes to Europe.

(a) a line of credit
(b) traveler's checks
(c) a roll of quarters
(d) a pen

English Language Tests, Intermediate level

ESL/EFL Test #231 "Bank Terminology (1)", answer 1

Mandy wants to buy traveler's checks because she doesn't want to carry cash when she goes to Europe.

Correct answer: (b) traveler's checks
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another term for savings account?

Elizabeth

[Linda]

Hello,
I think the most common term is 'savings account.' However, you can also say my 'investment account' if you earn interest and it's considered part of an investment program.
Some people refer to a savings account within a municipality or town/city council as a reserve fund. I hope this helps.
Linda
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