Abstract: A dispensing container facilitates convenient chilling and dispensing of water, with a filtration arrangement provided to promote water purity. The system includes a generally cylindrical filter assembly positionable within a liquid container, so that the filter assembly is generally submerged in the water within the container. The filter assembly can be operably connected to a liquid spigot, so that when the spigot is opened, liquid within the container flows through the filter assembly and out of the container, through the opened liquid spigot. Convenient use by consumers is promoted by the provision of a filter protector, comprising a selectively removable, shrink-wrap sleeve surrounding the filter assembly. The shrink-wrap sleeve is positioned on the filter assembly to protect the assembly prior to removal of the shrink-wrap sleeve. A removable tape element is provided to temporarily connect the filter assembly to the spigot prior to use.