Types of deposits in the bank and the ruling on each type

Question:
May Allah reward you, Your Eminence, father. The questioner asks: Does the statement of the Prophet (peace and blessings be upon him), “May Allah curse the one who eats riba (usury or interest) and the one who gives it,” apply to placing money in the bank as a deposit for a period, even though I cannot withdraw any part of it until after the agreed-upon deposit period between me and the bank?

Answer:
Depositing in the bank is of two types. The first type is a deposit for investment in riba (usury or interest); this is not permissible. The second type is a deposit for safekeeping only, because you fear for your money if it is in your house or shop, fearing it will be robbed and taken, and there is no safe place except the bank. In this case, it is permissible out of dire necessity. It is permissible to deposit out of dire necessity for the sole purpose of preserving the money. Yes.