Which of the following is NOT listed as a deposit account type?

• A. Checking Accounts
• B. Credit Card Accounts
• C. Savings Accounts
• D. Money Market Accounts

Answer: (B)

Deposits accounts are bank accounts designed to hold and manage your money, with funds you’ve deposited and often with deposit insurance. Checking accounts are used for everyday transactions and quick access to funds, savings accounts are for storing money and earning interest, and money market accounts offer higher yields with some check-writing features. A credit card account, however, is a line of credit rather than a place to park money; you borrow up to a limit and pay it back with interest, not store funds there. So the one that isn’t a deposit account is the credit card account.