Deposits are funds or a certain amount of money placed into an account at a bank in order to increase the available balance of the account. There are three main types of deposit accounts you can use to save money for meeting your financial needs. Depending on your needs, one or more of the account will be an instrument to meet your specific financial goals or to save money for future for emergency purposes. Choose the right type of deposit for a secure life. Here are the descriptions of three types of bank accounts.