current account

noun

UK/ˈkʌr.ᵊnt əˌkaʊnt/
US/ˈkɝː.ᵊnt əˌkaʊnt/

Definitions of current account noun

  1. Countable

    A bank account that allows for withdrawals at any time and typically accrues minimal or no interest.

    • I need to open a current account to manage my daily expenses.

    • The company uses its current account to handle daily transactions.

    • Current accounts usually offer easy access to funds, but the interest rates are low.