diff --git a/changelog/add-8346-deposits-overview-docs b/changelog/add-8346-deposits-overview-docs
new file mode 100644
index 00000000000..0de31df6a42
--- /dev/null
+++ b/changelog/add-8346-deposits-overview-docs
@@ -0,0 +1,4 @@
+Significance: minor
+Type: update
+
+Updated deposits API documentation to add default_external_accounts element
diff --git a/changelog/fix-6527-improved-navigation-time b/changelog/fix-6527-improved-navigation-time
new file mode 100644
index 00000000000..6d06baa4c1a
--- /dev/null
+++ b/changelog/fix-6527-improved-navigation-time
@@ -0,0 +1,4 @@
+Significance: patch
+Type: fix
+
+Used client side navigation to improve the UX for "View Deposit History"
diff --git a/client/components/deposits-overview/index.tsx b/client/components/deposits-overview/index.tsx
index d7efd069231..23ce733bf50 100644
--- a/client/components/deposits-overview/index.tsx
+++ b/client/components/deposits-overview/index.tsx
@@ -10,6 +10,7 @@ import {
 	CardHeader,
 } from '@wordpress/components';
 import { __ } from '@wordpress/i18n';
+import { getHistory } from '@woocommerce/navigation';
 
 /**
  * Internal dependencies.
@@ -80,6 +81,18 @@ const DepositsOverview: React.FC = () => {
 				externalAccount.status === 'errored'
 		) ?? false;
 
+	const navigateToDepositsHistory = () => {
+		recordEvent( 'wcpay_overview_deposits_view_history_click' );
+
+		const history = getHistory();
+		history.push(
+			getAdminUrl( {
+				page: 'wc-admin',
+				path: '/payments/deposits',
+			} )
+		);
+	};
+
 	// Show a loading state if the page is still loading.
 	if ( isLoading ) {
 		return (
@@ -189,15 +202,7 @@ const DepositsOverview: React.FC = () => {
 					{ hasRecentDeposits && (
 						<Button
 							variant="secondary"
-							href={ getAdminUrl( {
-								page: 'wc-admin',
-								path: '/payments/deposits',
-							} ) }
-							onClick={ () =>
-								recordEvent(
-									'wcpay_overview_deposits_view_history_click'
-								)
-							}
+							onClick={ navigateToDepositsHistory }
 						>
 							{ __(
 								'View full deposits history',
diff --git a/client/components/deposits-overview/test/__snapshots__/index.tsx.snap b/client/components/deposits-overview/test/__snapshots__/index.tsx.snap
index 096c1c112d8..8c0801d8e02 100644
--- a/client/components/deposits-overview/test/__snapshots__/index.tsx.snap
+++ b/client/components/deposits-overview/test/__snapshots__/index.tsx.snap
@@ -340,12 +340,12 @@ exports[`Deposits Overview information Component Renders 1`] = `
         data-wp-c16t="true"
         data-wp-component="CardFooter"
       >
-        <a
+        <button
           class="components-button is-secondary"
-          href="admin.php?page=wc-admin&path=%2Fpayments%2Fdeposits"
+          type="button"
         >
           View full deposits history
-        </a>
+        </button>
         <a
           class="components-button is-tertiary"
           href="admin.php?page=wc-settings&tab=checkout&section=woocommerce_payments#deposit-schedule"
diff --git a/docs/rest-api/source/includes/wp-api-v3/deposits.md b/docs/rest-api/source/includes/wp-api-v3/deposits.md
index e9cbe8ce729..738a8289152 100644
--- a/docs/rest-api/source/includes/wp-api-v3/deposits.md
+++ b/docs/rest-api/source/includes/wp-api-v3/deposits.md
@@ -76,6 +76,9 @@ Fetch an overview of account deposits for all deposit currencies. This includes
         -   `weekly_anchor` _string_ | _undefined_ - The day of the week that payments are paid out, e.g. `monday`.
         -   `monthly_anchor` _int_ | _undefined_ - The day of the month that payments are paid out. Specified as a number between 1–31. 29-31 will instead use the last day of a shorter month.
     -   `default_currency` _string_ - The default currency for the account.
+    -   `default_external_accounts` _array_ - The default external payout accounts (deposit destinations) for the account.
+        -   `currency` _string_ - The currency of the external account. e.g. `eur`, `chf`.
+        -   `status` _string_ - The status of the external account. e.g. `new`, `errored`.
 
 ```shell
 curl -X GET https://example.com/wp-json/wc/v3/payments/deposits/overview-all \
@@ -168,7 +171,17 @@ curl -X GET https://example.com/wp-json/wc/v3/payments/deposits/overview-all \
 			"interval": "weekly",
 			"weekly_anchor": "friday"
 		},
-		"default_currency": "eur"
+		"default_currency": "eur",
+		"default_external_accounts": [
+			{
+				"currency": "eur",
+				"status": "new"
+			},
+			{
+				"currency": "usd",
+				"status": "new"
+			}
+		]
 	}
 }
 ```