bank deposit

noun

1. money placed in a bank against which the depositor can withdraw under prescribed conditions.

Word History and Origins

Origin of bank deposit¹

First recorded in 1825–35

Example Sentences

If bank deposits are a public good worthy of protectionism, banks shouldn’t be allowed to earn excess profits off of them.

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Notwithstanding that reality, Commerce Secretary Howard Lutnick recently asserted that delays in sending out Social Security checks or bank deposits would be no big deal.

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If he applied in the past and was denied, he could get his first payment next month as long as the agency has his current bank deposit information on file.

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Financial advisers like Jaideep Marathe believe that some people will start taking money out of the market and move them to safer bank deposits if the volatility continues for another six to eight months.

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As the interest rate on bank deposits in the US was negligible, he advised Ms Sharma to move her money to India where fixed deposits were offering an interest of 5.5% to 6%.

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