retail deposits

Retail deposits are funds deposited by individual customers into their personal bank accounts, such as savings accounts, checking accounts, or certificates of deposit. These deposits provide banks with a stable source of funds that they can use to lend to others or invest. For the customer, retail deposits are a safe place to store money, often earning interest, and provide easy access for everyday transactions. These deposits are distinguished from larger, institutional deposits made by corporations or government entities. Collectively, retail deposits are essential for banks to support economic activity and offer financial services to individuals.