657.064 - “Savings deposit” defined.

657.064  “Savings deposit” defined.  “Savings deposit” means a deposit or account:

1.  With respect to which the depository institution may require the depositor to give written notice of withdrawal not less than 7 days before a withdrawal, but from which the depositor may otherwise make withdrawals without giving written notice; and

2.  Which is not payable on a specific date or at the expiration of a specified time after the date of deposit.

(Added to NRS by 1985, 737)