Understanding Demand Deposits: Account Types, Features, and Key Requirements
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A Checking Account Is Also Called a Demand Deposit Because
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A demand deposit account (DDA) allows you to withdraw your money at any time, without any advance notice. The money in this account earns interest over time, and is different from term deposits wherein you are charged a penalty for withdrawing before the term ends. #digibank #unbank #demanddeposit #finance #money | digibank by DBS
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