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Finance & Banking vocabulary · Accounts & Deposits

Deposit

Meaning in finance & banking, with examples

/dɪˈpɑːzɪt/nounCore term

In finance & banking, deposit means: Money that you put into a bank account, or the act of putting it there. For a bank, customer deposits are its main source of funding.

In Turkish: mevduat, para yatırma, yatırılan para

How it is used

Used as a noun and a verb: you make a deposit or deposit money into an account. Bankers talk about deposit growth, deposit rates and the cost of deposits. In the UK it also means the first payment when buying a house or car.

Example sentences

  1. Deposits rose sharply after we launched the new savings product.

  2. You can deposit cash at any of our ATMs with your debit card.

Common collocations

  • make a deposit
  • deposit rate
  • customer deposits
  • cash deposit
  • deposit money into an account
  • time depositMoney placed in a bank for a fixed period, such as 32 days or one year, at an agreed interest rate. Taking it out early usually means losing some or all of the interest.
  • savings accountA bank account for keeping money you do not need every day. It pays interest, but it may limit how often or how quickly you can take money out.
  • withdrawalTaking money out of a bank account, for example at a cash machine or in a branch, or the amount that is taken out.
  • deposit insuranceA public scheme that protects bank customers' deposits up to a set limit if their bank fails.
  • balanceThe amount of money in an account at a particular time, or the amount still owed on a loan or credit card.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Accounts & Deposits

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This page explains English vocabulary for learners. It is not financial advice.