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A deposit account is a bank account maintained by a financial institution in which a ... the verbs "deposit" and "withdraw" mean a customer paying money into, and ...
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 The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.
Deposit may refer to: Deposit (finance) (also security deposit) A down payment or partial payment in advance; 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(town), New York; Deposit (village), New York; Deposit account, a bank account that allows money to be deposited and withdrawn by the account holder Demand deposit, the funds held in demand deposit accounts in commercial banks
However, that doesn't mean it's always possible to do so. Sometimes, a bank limits how much can be deposited. And depending on where you bank, you may not be able to make a cash deposit at all.
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.
A certificate of deposit (CD) is an example of a time deposit account. CDs come with terms that typically range from three months to 10 years. CDs come with terms that typically range from three ...
The deposit of faith (Latin: depositum fidei or fidei depositum) is the body of revealed truth in the scriptures and sacred tradition proposed by the Roman Catholic Church for the belief of its members. The phrase has a similar use in the U.S. Episcopal Church.
Deposit insurance provides an extra measure of safety, making a term deposit a good location for money that needs to be saved and not put at risk. Interest Rates The bank returns the funds to the ...