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another term for savings account?



 
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another term for savings account? #1 (permalink) Wed Jan 31, 2007 23:52 pm   another term for savings account?
 

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
Elizabeth
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Savings account #2 (permalink) Thu Feb 01, 2007 0:20 am   Savings account
 

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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