A deposit account is the simplest way to keep your money safe at a bank. You put money in, the bank keeps it secure, and you can take it out when you need. Some accounts even pay you interest for saving.
✅ 5 Things to Know About Deposit Accounts:
- You can deposit (put in) and withdraw (take out) money easily.
- They are safer than cash at home — your money is protected.
- Some accounts pay interest, so your money grows slowly over time.
- Fees may apply if you don’t meet minimum balances or usage rules.
- Great for everyday use, saving goals, or emergency funds.
👉 A deposit account is the foundation of your financial life — simple, safe, and useful.