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A savings account or certificate of deposit (CD) held for a fixed-term, with the understanding that the depositor can make a withdrawal only by giving notice. A time deposit is an interest-bearing bank deposit that has a specified date of maturity. A bank is authorized to require depositors to give 30 days notice before withdrawing funds from a savings account; however, passbook accounts are typically considered readily available funds and account holders can make withdrawals without giving…

A bank passbook. Our record of the money we had placed into our bank accounts. Used for smaller savings account traditionally. A bank teller or postmaster would write, by hand, the date and amount of the transaction, the updated balance.To add credit to an account by bringing cash to a bank in person, the depositor filled in small credit slip or deposit slip. The total amount of each note and coin is counted and total and added to the account.

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from creditcards.com

Passbook savings loans allow you to borrow against your own account balances

Credit unions and some banks across the country offer a tool to help build credit: 'passbook savings loans' secured by your own savings