It is a deposit account which is present in retail bank that mostly pays interest but still not to be used directly as money in the sense of medium of exchange. These accounts help the consumers in setting aside their liquid assets when it comes to earning of monetary return. Although, you can withdraw the money from these accounts from the ATM (Automated Teller machine). While using these machines is not that much convenient to use for account checking because they generally offer high rate of interest to consumers than any other transactional account. These accounts can usually be linked to other transactional accounts.