Bank Deposits

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Dictionary Says

Definition of 'Bank Deposits'

Money placed into a banking institution for safekeeping. Bank deposits are made to deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw any deposited funds, as set forth in the terms and conditions of the account. The "deposit" itself is a liability owed by the bank to the depositor (the person or entity that made the deposit), and refers to this liability rather than to the actual funds that are deposited.
Investopedia Says

Investopedia explains 'Bank Deposits'

When someone opens a bank account and makes a deposit of $500 cash, the account holder surrenders legal title to the $500 cash. This cash becomes an asset of the bank; the account becomes a liability. In the United States, the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance that guarantees the deposits of member banks up to $250,000 per depositor, per bank. Member banks are required to place signs visible to the public stating that "deposits are backed by the full faith and credit of the United States Government."
Search results for

'Bank Deposits'

  • Are Your Bank Deposits Insured?

    http://www.investopedia.com/articles/pf/06/FDICinsurance.asp
    Are Your Bank Deposits Insured? ...

  • I know there is a form of deposit insurance where a portion of my ...

    http://www.investopedia.com/ask/answers/03/091703.asp
    First things first, it's only partially correct to think that a portion of your
    bank deposits is protected. The Federal Deposit Insurance Corporation. ...

  • CDIC Protects Canadians From Bank Failure

    http://www.investopedia.com/articles/pf/06/canadian-deposit-insurance-corporation.asp
    ... changed in 1967, when Parliament created the Canadian Deposit Insurance Corporation
    (CDIC) to address growing public concern about the safety of bank deposits. ...

  • 9 Tips For Safeguarding Your Accounts

    http://www.investopedia.com/articles/pf/08/account-protection.asp
    ... (For background reading, see Are Your Bank Deposits Insured?) Tutorial: Economic
    Indicators To Know No. 1: Use a brokerage account to invest in brokered CDs. ...

  • Banking: Making Deposits | Investopedia

    http://www.investopedia.com/university/banking/banking4.asp
    ... When you are a new customer who has had an account with the bank for 30 or fewer
    calendar days, the bank is allowed to hold your deposits longer under the ...

  • Tired Of Banks? Try A Credit Union

    http://www.investopedia.com/articles/pf/08/credit-union.asp
    ... (For related reading, see Are Your Bank Deposits Insured?) Philosophy The objective
    of a credit union is summed up in the saying, "not for profit, not for ...

  • Bank Failure: Will Your Assets Be Protected?

    http://www.investopedia.com/articles/stocks/08/sipc-fdic-bank-failure.asp
    ... (For more information, go to FDIC.gov or check out Are Your Bank Deposits Insured?)
    Brokerage Accounts and the SIPC While banks deal mostly with deposits and ...

  • Banking: Why Use A Bank? | Investopedia

    http://www.investopedia.com/university/banking/banking1.asp
    ... of the early 1990s. (To learn more about the FDIC's protection, see Are
    Your Bank Deposits Insured? and Bank Failure: Will Your ...

  • The Currency Board: Understanding The Government's Bank

    http://www.investopedia.com/articles/03/051503.asp
    ... Beyond the Last Resort Unlike a central bank, a currency board does not hold
    bank deposits, which earn interest and give rise to profit. ...

  • Are all bank accounts insured by the FDIC?

    http://www.investopedia.com/ask/answers/08/fdic-insured-bank-account.asp
    ... by the FDIC. To learn more, read our related article Are Your Bank Deposits
    Insured? by Chizoba Morah. Chizoba Morah. Chizoba Morah ...

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