initial deposit amount

USAGE SUMMARY

The phrase "initial deposit amount" is correct and usable in written English.
It can be used when referring to the first sum of money required to open an account or secure a financial transaction. Example: "To open a new savings account, you will need to provide an initial deposit amount of $100."

✓ Grammatically correct

Academia

Formal & Business

News & Media

Science

Encyclopedias

Wiki

Reference

Social Media

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

The left panel of Figure 6 shows three TPD spectra of zero order desorption with different initial deposited amounts.

Chemical Reviews

You have to make an initial deposit following your broker's minimum deposit amount.

WikiHow

The minimum amount of the initial deposit which is required to open the account in order to obtain the yield advertised, if such minimum amount is greater than the minimum balance necessary to earn the advertised yield.

Cornell University

See the amount of the initial deposit required to open a business account.

WikiHow

Any minimum amount required with respect to the initial deposit in order to open the account.

Cornell University

XTO Energy has already paid a $40 million initial deposit in accordance with the agreement.

The New York Times

After buying the kit, shoppers can make an initial deposit from the checkout line.

The New Yorker

Ensure the sum of the amounts equals the total deposit amount.

Yale University

Rates depend on your initial deposit and the chosen term.

TechCrunch

2. Transfer initial deposit: After your offer is accepted, you will have three business days to transfer the initial deposit.

Forbes

Prospective bidders submit their applications to Ofcom together with an initial deposit.

TechCrunch

Expert writing Tips

Best practice

When discussing the "initial deposit amount" for a financial product, clearly state the exact amount and any conditions attached to it. For instance, specify if a higher deposit unlocks better interest rates.

Common error

Avoid using "initial deposit amount" interchangeably with "minimum balance". The "initial deposit amount" is the amount needed to open the account, while the minimum balance is the amount you must maintain to avoid fees or qualify for certain benefits.

Linguistic Context

The phrase "initial deposit amount" functions as a noun phrase, typically acting as the subject or object of a sentence. It identifies the sum of money required to make a beginning deposit. It clearly identifies how Ludwig AI consider the phrase as expressed in Ludwig AI's response.

Expression frequency: Missing

Frequent in

Formal & Business

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News & Media

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Academia

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Less common in

Wiki

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Science

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Social Media

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Ludwig's WRAP-UP

The phrase "initial deposit amount" refers to the sum required to start an account or transaction. Ludwig AI confirms it's grammatically correct and versatile, suitable for various contexts. While the phrase is often used in formal and financial settings, understanding its meaning and usage nuances is crucial to avoid potential confusion with terms like 'minimum balance'. Alternative phrases like "starting deposit amount" or "minimum initial deposit" can be used depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

starting deposit amount

Replaces "initial" with "starting", emphasizing the beginning nature of the deposit.

minimum initial deposit

Adds "minimum" to specify the lowest acceptable deposit.

required initial deposit

Uses "required" to highlight the mandatory nature of the deposit.

first deposit amount

Substitutes "initial" with "first", indicating the order of the deposit.

opening deposit amount

Replaces "initial" with "opening", suggesting the deposit made when opening an account.

initial payment amount

Uses "payment" instead of "deposit", broadening the context to include other types of payments.

minimum deposit to start

Rephrases to focus on the action of starting and specifies the deposit required.

initial contribution amount

Employs "contribution" instead of "deposit", framing it as a contribution to a larger goal.

initial funding amount

Replaces "deposit" with "funding", suitable for contexts like project funding or investments.

required down payment

Replaces 'deposit' with 'down payment', focusing on purchase contexts.

FAQs

What is considered a reasonable "initial deposit amount" for a savings account?

A reasonable "initial deposit amount" varies depending on the financial institution and type of account. Some accounts may require as little as $0 to open, while others may require $100 or more.

How does the "initial deposit amount" affect the interest earned on an account?

In some cases, a higher "initial deposit amount" may qualify you for a higher interest rate or access to premium account features.

What happens if I withdraw funds below the "initial deposit amount" after opening an account?

Withdrawing funds below the "initial deposit amount" generally doesn't close the account, but it might affect your eligibility for certain benefits or result in fees if it falls below the minimum balance requirement.

Are there alternatives to the phrase "initial deposit amount"?

Yes, you can use alternatives such as "starting deposit amount", "minimum initial deposit", or "first deposit amount" depending on the context.