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A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.. The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts , current accounts or any of several other types of accounts explained below.
Deposit (town), New York; Deposit (village), New York; Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder Demand deposit, the funds held in demand deposit accounts in commercial banks; Damage deposit, a sum of money paid in relation to a rented item or property to ensure it is returned in good ...
A certificate of deposit — or CD — is a type of deposit or savings account that allows you to grow your savings at higher rates of return than a traditional savings account.
A certificate of deposit is a safe, income-generating investment that earns interest for a set period of time, also known as a term. The term is the length of time you agree to leave your money ...
A demand deposit holds funds that can be returned to the customer at any time on demand. A checking account is a demand deposit, as is a conventional savings account. When the customer demands the ...
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
A certificate of deposit — or a CD — is a savings account that pays a fixed rate of interest on an initial deposit that you agree to lock away for an agreed-on period of time. CD terms can ...