At the time when a person has the free money, he not only wants to save them, but also to increase.Now we will talk about what is a certificate of the Savings Bank, and how is it different from the deposit.
What is a savings certificate?
So is security, which is a reliable tool for saving money.Certificate certifies the amount that an individual has made to the account of the Savings Bank.The owner of the paper in a certain period can pick up their money from the interest accrued thereon.
The savings certificate from Sberbank is different from a simple contribution?
The most important distinction between the certificate and the contribution is that in the first case is not required to open an account for a certain person, as this security is issued on bearer.Thus, the owner, who received a savings certificate, Sberbank allows it to donate, sell, buy or give a legacy without any problems.It can also be used as a payment document.
The advantages of buying a certificate
Among the advantages that has a certificate of the Savings Bank, can be distinguished:
1. A higher interest rate than the contribution - 9.75% per annum.In this case, the holder of this paper get high returns.
2. Money in savings certificates can be stored for a long time, as well as to present for payment at any time before the expiration of the contract.
3. mobile use.The certificate can donate or sell at any time, at the same time get your hands on the full amount.
4. Certificate Savings Bank can cash any person having at the hands of the securities and the document that certifies the identity, so do not need to issue a power of attorney or self-refer to the bank.But it is necessary to be careful, because the certificate can be cashed and fraudsters.The paper is to give only to those whom you really trust.
5. Certificate of Sberbank is protected, which is more similar to the protection of bank notes, so you can save your own without fear of accumulation in this form.
6. The maximum amount is not particularly limited.Certificate Savings can be rated up to 8 million.Also, you can save money from 3 months to 3 years.
disadvantages of buying a certificate
have certificates it also has several significant drawbacks:
1. The minimum amount for the acquisition of the certificate serves 10 thousand rubles.Paper can be dokupleny but not cashed.If required, the money can be returned in full before the end of the term, but the interest rate will be 0.01 per cent as on deposit "on demand".With regard to the certificate, the rate will be floating.
2. The certificate can not renew the contributions.Therefore, the conditions for the use of such securities only in case of complete withdrawal from these funds and the acquisition of new securities.
3. Another disadvantage appears that the certificates are not subject to insurance.Therefore, if a company goes bankrupt, the compensation can be made only in the order queue.
4. Interest is calculated only at the end of the term, while at the contribution is capitalization and placing their funds at a higher rate, that is, by transfer from one deposit to another.
Before you buy a savings certificate should decide for themselves whether the potential benefits outweigh the disadvantages.
