One of the classic and all your favorite ways to store their savings are bank deposits.Despite the relatively low rate of return, this option is selected more often than, say, business investment or trading on stock exchanges.Commercial banks now advertise offers a variety of deposit, which are called beautiful, "packaging" normal standard contract in bright attractive wrapper.
To understand what really is good and a good deal, but that only seems to be a lucrative and profitable option, consider what types of deposits are now in the financial market.
main types of deposits, their characteristics and conditions
For the duration of the contract, bank deposits are divided into term and demand.In the first case, the client gives the financial institution the right to use its means certain period of time - from 3 months to 2-3 years.As a rule, the longer the term of the deposit, the higher the interest rate on it.Types of deposits "on demand" are convenient because you can always remove the desired amount of the deposit or withdraw completely, but the income from them is small.Moreover, the commission expenses for banking services often reduce it to almost zero.It's a way to keep their money until the right moment, without worrying that the cash can be stolen.
also possible contribution in the form of deposit line, which can be replenished at any time, with limited or unlimited maximum amount.These types of deposits are often called "piggy bank", and similar words in context, because in a way convenient to make savings on some big purchase or just for the future.
differ types of bank deposits and the currency in which they are received.Some banks, such as Sberbank, the types of deposits almost all their offers in different currencies, and there is also a multi-deposits.Depending on the choice, and it is changing the interest rate - the reliable and stable currency, so it is below.
With regard to the payment of interest, there are also different options: pay them monthly or at the end of the contract, or capitalization (adding to the principal amount of the deposit) every month or quarter.Conveniently, when there is the opportunity to choose, or to report interest through internet banking.Such services are offered by many leading Russian banks.
It is almost all the classic types of deposits, their combinations and variations give rise to a sea of special offers from financial institutions.Relatively high income from the deposits can be compared with the level of risk for the client: the greater the amount of investments and the term of the contract, the higher the rate.Increase profits more features such as capitalization and deposit.
There are exclusive offers from financial institutions.This so-called index-linked deposits, income from which is tied to certain factors, such as the price of precious metals or oil, stock market indicators, etc.They already belong to the category of investment, and have their own characteristics and nuances.
important to remember
When choosing the type of deposit you need to pay attention not only to the conditions, but also on additional charges, commissions and penalties.Different types of deposits have their own nuances and peculiarities.For example, in case of early termination of the contract can be recalculated per cent for the entire period of its validity, and for deposits, withdrawals interest and other banking services may charge a fee.It is also worth noting that only the insured deposits, the amount of which does not exceed 700 000 rubles.
