A bank deposit is money placed into a bank account, allowing individuals or businesses to store their funds securely. Deposits can be made in various forms, including cash, checks, or electronic transfers. When you deposit money, the bank typically pays you interest, which is a small percentage of your deposit, as a reward for keeping your money with them. There are different types of bank deposits, such as savings accounts and checking accounts. A savings account usually offers higher interest rates but may have withdrawal limits, while a checking account provides easy access to funds for daily transactions. Both types help manage finances effectively.