deposit rate
Bank account interest
The deposit rate is the interest rate a bank pays customers on money held in savings accounts, certificates of deposit, or other deposit accounts.
Banks use deposited funds to make loans at higher rates, so deposit rates are typically lower than lending rates.
Central banks also set a deposit rate—the interest paid to commercial banks for parking excess reserves overnight—which influences broader monetary policy.
- interestAttention, stake, or fee
- savingsAccumulated money kept
- savings accountInterest-bearing bank holding
- bankPlace holding deposits
- central bankNational currency management institution
APY · high yield · yield · money market · certificate · maturity · early withdrawal · principal · compound · fixed · variable · account · balance · term · lock in · CD · fixed term · treasury
deposit ratelending rate
Cost of borrowed money
loan rate · borrowing rate · mortgage rate · prime rate · bank rate
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