increase in deposit vs increase of deposit

Both "increase in deposit" and "increase of deposit" are correct, but they are used in slightly different contexts. "Increase in deposit" is more commonly used when referring to the action of depositing more money into an account, while "increase of deposit" is less common and may sound more formal or old-fashioned.

Last updated: March 28, 2024 • 847 views

increase in deposit

This phrase is correct and commonly used when referring to the action of depositing more money into an account.

This phrase is used to indicate a rise or addition in the amount of money placed into an account or a financial institution.

Examples:

There has been a significant increase in deposit activity this month.
The bank announced an increase in deposit rates to attract more customers.
An increase in deposit insurance coverage provides more security for account holders.
The sudden increase in deposit amounts raised concerns about money laundering.
The company reported a steady increase in deposit balances over the past year.

Alternatives:

rise in deposit
growth in deposit
boost in deposit
surge in deposit
escalation in deposit

increase of deposit

This phrase is correct but less commonly used. It may sound more formal or old-fashioned.

This phrase can also indicate a rise or addition in the amount of money placed into an account, but it is less frequently used in modern language.

Examples:

The annual report highlighted an increase of deposit amounts in the savings accounts.
The historical data shows a gradual increase of deposit balances over the years.
The bank's policy aims to encourage an increase of deposit inflows.
The study focused on the factors influencing the increase of deposit volumes.
The financial institution experienced an increase of deposit transactions after launching a new service.

Alternatives:

rise of deposit
growth of deposit
boost of deposit
surge of deposit
escalation of deposit

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increase in deposit vs increase of deposit