banking services are used by almost all legal entities, as well as many ordinary people.Sooner or later, they had a question: "What is a deposit account in the bank?" The answer is quite simple: this is a current bank account in which the client keeps their money, and the bank, in turn, pays for it in his forminterest due on the amount of the deposit.Deposit Account sometimes called contribution or deposit.
In other words, can be summed up that the deposit account in the bank - it is a way to preserve and increase your money by using the services of financial institutions.
story of
Greece is considered the riverbed, which began to emerge the first principles of deposit accounts.At a time when there were no modern financial institutions and the realization that such a deposit account in the bank, people kept their wealth in temples.They piled their possessions into pots, wrote his name and the date.At the same time the church took on a commitment to the preservation of values, but it would take a fee for this service.It is more like a service for saving the current values in individual deposit boxes that provide banks.
At a time when more and more people keep their savings in gold coins, there are so-called "money-changers".They kept the money for a certain fee.Then they realized that the gold coins, which they are stored, you can give to others in the form of loans and earn.At this point, we originated the first principles and an understanding of what a deposit account in the bank.
when investors learned that the money changers earn on their money, they want to deal with this some dividends.From that moment there was the principle of accrual of interest for placement of the deposit.
There are several types of deposits.This article describes the most popular of them.
What are the types of deposits on term crap?
By this criterion distinguished:
1. Demand deposits.
It is this type of deposit, under which stipulates that the term of the deposit agreement have not, they have perpetual.
2. Time deposits.
These deposits have a fixed period of time.Often contracts are for 3, 6, 9, 12 and 24 months, but there are other options.Such deposits can be returned ahead of schedule and, if so stipulated by the contract.
What are some ways to remove the deposit funds?
By way of removing deposit funds deposits can be divided into the following types:
1. At the end of the term entirely.
Such contributions should not be removed prematurely, except when the client terminates the contract with the bank.But in this case it will be fine in the amount of interest which the bank will withdraw the customer for violation of terms of keeping the funds that have been specified in the contract.
2. It is possible partial withdrawal.
Deposit accounts with the opportunity to provide the right part of the client to withdraw funds from the account, as appropriate.In this case no penalty charge of him from the bank will not be applied.
Deposit funds can withdraw cash through both bank and non-cash transfer to the card or current account.For this the bank can seize an additional fee.
As accrued interest on deposits?
Deposits by the method of calculation and payment of interest are divided into:
1. Deposits with interest payable at maturity.
This implies that the interest that accrues on the bank deposit amount, issued by the client during the body of the deposit payment at maturity.
2. The contributions to the capitalization.
Such contributions are considered to be more favorable than the previous ones.The conditions meant that the monthly interest accrued to the client on his contribution, the bank adds to the body of the deposit, that is, next month the interest will have accrued on that amount.
To better understand what a deposit account in a bank, you need to separate the contributions under the terms of the extension of storage (or deposit contract):
1. Without renewal.
data deposit contracts can not be renewed after it ended.Deposit funds will be kept in a bank account without interest until the customer does not pick up them.
2. With prolongation.
Today extension of the deposit agreements is relevant and popular service.After the expiry of the deposit is automatically reallocating to the same period for which the contract was concluded, but the new deposit rate.Very often banks have loyalty programs that increase the prolongation of a standard interest rate of 0.5 to 1%, which is more advantageous to customers.
By way of replenishment savings accounts are:
1. With the ability to recharge.
Such deposits can be replenished at any time, which is useful if there is extra money that a bank customer also wants to put on such an account.
2. Without replenishment.
This type of deposits can not be replenished, which is prescribed in the contract for opening a savings account.
deposits What are the most popular?
the example of Russian banks, we can conclude that the most popular is the classic deposit account."Alfa-Bank" for such deposit accrues the highest percentage in comparison with other types of deposits.Classic are the ones that are placed for a fixed period without the possibility of a partial withdrawal.
In order to open a deposit account in a bank, usually the person needs to bring a passport and taxpayer identification number.
