How to say "Deposit" in Japanese

When translating "deposit" into Japanese, you must choose carefully between 預金 and 供託. In Japanese, 預金 (よきん (yokin)) is typically associated with "deposit (money in a bank)" (Syllabus Level: N3) and represents Specifically refers to money stored in a bank account. Can be a noun or a verb. On the other hand, 供託 (きょうたく (kyōtaku)) maps to "deposit, consignment, official deposit (e.g., of money with a public agency)" (Syllabus Level: N2) and represents Specific legal or official term referring to depositing money, goods, or documents with a public agency or third party for safekeeping or to fulfill a legal obligation.. A literal translation of "deposit" can often sound unnatural to native Japanese speakers if mixed up!