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Joint Account
A financial account that is owned by two or more individuals, who have equal access to and control over the funds in the account.
More Details
A joint account is a financial account that is owned by two or more people. Joint accounts are typically used by couples, family members, or business partners who want to share access to a financial account and manage their finances together.
Example
You recently got married and want to share a checking account with your spouse. You call MCU to open a joint account together.
Related Terms
Joint Account
A financial account that is owned by two or more individuals, who have equal access to and control over the funds in the account.
Late Fee
A penalty charged by a lender to a borrower who fails to make their required minimum payment on time.
Certificate of Deposit (CD)
A type of savings account that offers a fixed interest rate and a fixed term of deposit, typically ranging from a few months to several years.