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Related Definitions
Savings account or time deposit Savings account or time deposit is a sum of money, deposited with a bank, that cannot be withdrawn by writing a check.
Medical savings accounts (MSA) Medical savings accounts (MSA) refers to savings accounts designated for out-of-pocket medical expenses. In an MSA, employers and individuals are allowed to contribute
Health savings accounts (HSA) Health savings accounts (HSA) is a tax-free account that can be used by employees to pay for qualified medical expenses. Contributions do not have to be spent the year they are deposited.