PPB: Concepts and Practice · Part A: General Banking Operations

Chapter 5: Deposit accounts in operation

Running an account after it is opened: interest, charges, maturity, early withdrawal, dormancy, death and deposit insurance.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 5.1Savings and current accounts in operationp. 59
• 5.2Term deposits: interest, maturity, loansp. 60
• 5.3Breaking a deposit early; tax on interestp. 61
• 5.4Inoperative accounts and unclaimed depositsp. 62
• 5.5Deceased depositors; deposit insurancep. 63
• Exam traps and quick checksp. 64
• Practice: 16 questions in three roundsp. 65
• Answers, with every wrong option explainedp. 67
• Make it stickp. 69
• Chapter 5 on one pagep. 70

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.