minimum deposit

USAGE SUMMARY

The phrase "minimum deposit" is correct and usable in written English.
It is typically used in financial contexts to refer to the least amount of money required to open an account or make an investment. Example: "To open a savings account, you must make a minimum deposit of $100."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

Minimum deposit required is 5%.

The Guardian - Money

Minimum deposit required is 10%5%5% for those moving home).

The Guardian - Money

Homeowners have to put down a minimum deposit of 20%.

The Economist

There is no minimum deposit; the maximum is €15,300.

The Economist

Only credit union members may apply; joining usually requires a minimum deposit of $25 or so.

The New York Times

And the minimum deposit is as low as £10 with a maximum of £100,000.

The Guardian - Money

Once a sale is agreed you pay a minimum deposit of 10percentnt.

The Guardian - Money

In Uganda and Kenya, this means offering groups low-cost savings accounts with no minimum deposit.

The Guardian

Alternatively, Triodos Bank is paying 3.75% over five years (minimum deposit £500).

The Guardian - Money

The minimum deposit needed to open the account is as little as £50.

The Guardian - Money

(A minimum deposit of $1,000 is necessary to open an eligible account).

The New York Times

Expert writing Tips

Best practice

When discussing financial products, clearly state the "minimum deposit" requirement upfront to avoid ambiguity. Use precise figures and specify the currency.

Common error

Avoid using "minimum deposit" and minimum balance interchangeably. "Minimum deposit" refers to the initial amount needed to open an account, while minimum balance is the amount you must maintain to avoid fees or penalties.

Linguistic Context

The phrase "minimum deposit" functions primarily as a noun phrase, often acting as the subject or object of a sentence. Ludwig highlights that this phrase is commonly used in financial contexts to denote the smallest amount required to initiate an account or investment.

Expression frequency: Very common

Frequent in

News & Media

60%

Science

15%

Formal & Business

10%

Less common in

Wiki

8%

Encyclopedias

4%

Reference

3%

Ludwig's WRAP-UP

The phrase "minimum deposit" is a common and grammatically correct noun phrase predominantly used in financial contexts. Ludwig AI confirms its usage in news, media, and science, emphasizing its function to specify the least amount required to open an account or make an investment. Related phrases include alternatives like "required initial deposit" and "lowest qualifying deposit". When using this term, clarity is crucial to avoid confusion with "minimum balance". The widespread use and reliable sources contribute to its high expert rating, making it a well-understood and consistently applied financial term.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

required initial deposit

Specifies that the deposit is not only the minimum but also the first one.

lowest qualifying deposit

Highlights that the deposit meets the minimum requirements to qualify for something.

minimum funds needed

Replaces "deposit" with a more general term, focusing on the financial aspect.

initial funding threshold

Uses more formal and business-oriented language.

base deposit amount

Emphasizes the fundamental or foundational nature of the deposit.

smallest acceptable deposit

Focuses on acceptability and the lower limit.

entry-level deposit

Implies it is the basic amount required to start.

basic deposit requirement

Highlights the necessity of the deposit as a condition.

starting deposit sum

Focuses on the initial amount used to begin.

threshold for initial deposit

Frames the minimum deposit as a threshold that must be met.

FAQs

What does "minimum deposit" mean in banking?

In banking, "minimum deposit" refers to the smallest amount of money required to open a new account. This amount varies depending on the type of account and the financial institution.

What can I say instead of "minimum deposit"?

You can use alternatives like "required initial deposit", "lowest qualifying deposit", or "minimum funds needed" depending on the context.

Is there any difference between "minimum deposit" and "minimum balance"?

"Minimum deposit" is the initial amount needed to open an account, while a "minimum balance" is the amount you must maintain in the account to avoid fees. They are not the same.

Why do some accounts have a "minimum deposit" requirement?

Financial institutions require a "minimum deposit" to offset the costs of managing the account and to ensure the account holder has a vested interest in maintaining the account.