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1. Dictionary

   deposit account

   noun

   • 1. a bank account that pays interest and is usually not able to be drawn on without notice or loss of interest. British

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2. People also ask

   What is a deposit in banking?

   • A deposit is a sum of money collected, secured, or kept in a bank account or some specific locations temporarily that can be withdrawn when required. Customers can also earn interest on their deposited amount in the bank. There are two major types of deposits, demand deposits and time deposits. Let us know more about them below.

   What is Deposit? Definition, Meaning, Types, and Examples

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   What is a savings account?

   • A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay only a modest interest rate, their safety and reliability make them a good option for parking cash that you want available for short-term needs.

   What Is a Savings Account and How Does It Work? - Investopedia

   www.investopedia.com/terms/s/savingsaccount.asp

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   What is a fixed deposit?

   • A fixed deposit is a type of timed account that is provided by banks and financial institutions. These types of deposits are kept for a fixed interval for a predetermined period for a few months to several years. The interest earned on a fixed deposit is generally higher than a regular savings account.

   What is Deposit? Definition, Meaning, Types, and Examples

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   What are the different types of deposits?

   • There are two major types of deposits, demand deposits and time deposits. Let us know more about them below. How do deposits work? Deposits are kept in bank accounts to keep them safe and earn interest.

   What is Deposit? Definition, Meaning, Types, and Examples

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3. www.investopedia.com › terms › sWhat Is a Savings Account and How Does It Work? - Investopedia

   www.investopedia.com › terms › s

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   3 days ago · Savings and other deposit accounts are secure bank accounts used to story your funds while potentially earning interest. For banks, they are important sources of funds for lending.

   • Author: Julia Kagan

   • Video Duration: 2 min

4. accountinginsights.org › understanding-depositsUnderstanding Deposits: Types, Rates, and Financial Planning

   accountinginsights.org › understanding-deposits

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   1 day ago · The Federal Deposit Insurance Corporation (FDIC) insures these accounts up to $250,000 per depositor, adding a layer of security for account holders. Time Deposits. Time deposits, often referred to as certificates of deposit (CDs), require the depositor to commit their funds for a specified period, ranging from a few months to several years.

5. www.investopedia.com › checking-vs-savingsChecking vs. Savings Accounts - Investopedia

   www.investopedia.com › checking-vs-savings

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   3 days ago · What Is a Savings Account? A savings account is a deposit account that’s designed for holding funds that aren’t earmarked for everyday use. For example, you might open a savings account to ...

6. www.investopedia.com › articles › personal-financeHow Interest Works on a Savings Account - Investopedia

   www.investopedia.com › articles › personal-finance

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   3 days ago · Interest on a savings account is the amount of money a bank or financial institution pays on your deposits. Compound interest is when interest is added to your deposit, then interest is...

7. Videos

   • 

     investopedia.com

     Demand Deposit Definition, Account Types, and Requirements

     Jan 27, 2010

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     investopedia.com

     Term Deposit: Definition, How It's Used, Rates, and How to Invest

     Dec 31, 2008

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     investopedia.com

     What Is a Certificate of Deposit (CD)? Pros and Cons

     Dec 31, 2008

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8. www.cibc.com › personal-bank-account-ratesInterest Rates on Bank Accounts | Rates | CIBC

   www.cibc.com › personal-bank-account-rates

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   4 days ago · Find the best high interest rates for you. Visit CIBC for interest rates on savings accounts and other bank accounts.

9. pwskills.com › blog › deposit-bfsiWhat Is Deposit? Definition, Meaning, Types, And Examples

   pwskills.com › blog › deposit-bfsi

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   2 days ago · A deposit is a sum of money collected, secured, or kept in a bank account or some specific locations temporarily that can be withdrawn when required. Customers can also earn interest on their deposited amount in the bank.

10. smartasset.com › checking-account › certificate-ofTypes of Certificates of Deposit (CDs) - SmartAsset

    smartasset.com › checking-account › certificate-of

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    5 days ago · The primary types of CDs include traditional CDs, which provide a fixed interest rate for a specified term, and jumbo CDs, which require a larger initial deposit but often offer higher interest rates. Other variations, such as bump-up CDs, allow for an interest rate increase if rates rise, while liquid CDs provide the flexibility to withdraw ...