0 an account in a bank or similar financial organization that earns interest --
1 an account in a bank or similar financial organization that earns interest (= a kind of profit) --
2 a bank account which earns interest on the money kept in it: --
Whether the new product is called a lifelong individual savings account, and whether "pension"is substituted for"lifelong", at its heart is the real problem.
As the document stated, it is not a welfare entitlement but merely a savings account.
She has made a series of suggestions about what may be done in two years through the individual savings account.
We have, of course, introduced specific proposals such as the individual savings account.
The authors give people the option to invest in a commitment savings instrument designed so people invest in a savings account with limited opportunities to withdraw funds.
Individuals in our model can place savings in either a taxsheltered 401(k) plan or a conventional savings account.
Although the gains seem modest in the present, they accumulate like a savings account with compound interest over time.
At t=0, the agent starts work and saves a constant fraction, s, of his pre-tax paycheck, w(t), in a retirement savings account.
