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

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%.

From BBC

So many of the technologies that we know today were stolen from China by the West, such as porcelain, gunpowder, compasses and bank deposit insurance.

From Los Angeles Times

Letymbiotis said that departing Russian bank deposits are offset by newly arriving international businesses.

From Seattle Times

Lower rates boost business activity and can make conservative holdings such as bank deposits less attractive compared with riskier stocks.

From Seattle Times

"This product has played a role in promoting the transition from savings to investment in the context of rising interest rates and the diminishing appeal of traditional bank deposits," the joint bookrunners said.

From Reuters