Deposits - quite a popular product banks.However, in the West in great demand deposits in bonds and equities.We answer one important question for understanding the term "deposits": what depositum?Translated from the Latin - "the thing given for storage."Deposits - funds transferred to some bank for safekeeping, to be returned after a certain period of time under certain conditions.
Types deposits
Let's take a closer look deposits: what is a "term deposit" and investments "on demand".
1. «On demand" - one of the types of deposits.This investment, which can be accessed by the owner at any time when they will need it.Example: at the expense of payroll card.
2. Time deposits - these are the same deposits.What attachment can be of several types should be considered separately:
- long-term - for more than 9 months;
- medium-term deposits - from 3 to 9 months;
- short-term - is an investment of up to three months.
main feature of term deposit - that investment can only be obtained after a specified period of time ends.
Advantages deposits
Different banks open deposits.What investment is effective in raising funds, known to many.But there are also those who are interested to know what is needed bank deposits.The essence of such contributions - placing money for a period of time in order to obtain a larger amount over time.That is going on placement of funds by a certain percentage.Such accounts can be opened to natural and legal person.Deposits in banks are famous for the fact that the interest on them is higher than in other accounts.Most of the clients open a deposit account to place free funds for some time to produce profits.When is a contract between the bank and the client, the money from the account (current) is credited to the depositor's deposit.When passes the contract period, the funds will be returned.
What to look for when you open a deposit
Suppose you decided to open such an account.First, decide on how much you can put.The Bank's policy in this regard is one: the more input, the better will and interest.As a general rule, to obtain the best rates have a threshold, for example, the account should not be permanently below $ 1000.Before the opening of deposit accounts analyze not only current income / expenses, and plan them but.It is important to calculate everything so that there had to be rushed to withdraw their investments, losing some profits.
Choose currency
Experts say it is important to keep money in the currency in which it is planned to make purchases not to lose anything in exchange.Profit bring term deposits.Delivery times may vary from 1 month to a couple of years.It is not necessary to consider the interest on the investment demand as an important instrument of investment, because they are insignificant.
Profit
income depends on the term investment, with a longer term and higher interest rates.Depositor is important to decide how long he can part with their money.For early withdrawals, as a rule, have to pay.However, given the strong competition, banks often offer favorable terms to their customers.
There are deposits, providing certain conditions are met, if an urgent need to charge customers.In this case, the percentage may be reduced, but not completely away.Notice how the accrual of interest, do it in different configurations.
Deposits Savings Bank are very popular among the population.Especially people show interest to replenish the deposit.It attracts clients who can deposit funds each month for a small amount to save for a major purchase, a vacation trip.Replenish this contribution can be through an electronic bank is very convenient for cardholders of the bank.
