Deposit - one of the most common and well-known ways to invest their own funds.In spite of the many different ways to get to work equity (investment, transfer to trust management, participation in the stock exchange) deposit agreement - a profitable, safe and reliable means of accumulating financial resources.
What explains the popularity of deposits?To begin with, that the contract of bank deposit - completely secure means of investing money, asunder current rules the majority of deposits are insured, so if the financial institution will be insolvent, you will not lose your money (unlike many mutual funds, where insurance investments are usually absent).In addition, the possible contribution of the low yield is offset by the interest rate guarantee, that in comparison with exchange trading and investment, is a more reliable option to accumulate capital.
The diversity of contributions, the various lines representing almost every bank, now allows you to select the most profitable and attractive for every customer deposit.The most important characteristics of the deposits include the following items:
- possibility of partial withdrawal and replenishment;
- loss of interest for early repayment of the deposit;
- method and timing of accrual of interest;
- automatic prolongation;
- minimum and maximum deposit amount.
To create a deposit between the financial institution and the depositor is required to sign a contract of bank deposit.The concept involves receiving bank deposit a certain sum of money and return at the end of a specified period previously transferred amount and interest on the deposit.The subject, which regulates the norms of the deposit agreement - is the amount of money which is transferred to the deposit.
bank deposit contract gives the right to invest requiring a bank associated with the return of principal and accrued interest on the deposit.Thus any obligations to the depositor financial institution is not, ie,This paper sets only the duties of the bank to the depositor.It is noteworthy that the bank has no rights under the same deposit program to install various contributors unequal conditions and not to accept funds in the contribution of the current program, if all the selection criteria are met.Deposit Agreement is legally governed by the regulatory framework.
Open contributions may not only individuals, but also organizations.Before sending the money on deposit, it is important to make sure that the chosen financial institution has a license that provides the right to take deposits cash.This requirement is regulated by the Civil Code of Russia (Article 835).
written contract of bank deposit must be created on demand to deliver cash.Here are two main types of deposits "on demand" and urgent.Regardless of the type of deposit and deposit program of the bank must return the full amount of the deposit in the presence of the request from the depositor.Other developments could be provided by the agreement of the deposit, however, in any case, a description of the rules of making money in the contribution can not contradict existing legislation.
In conclusion, we note that the opening of the deposit must be accompanied by a written contract design.Such an agreement may be presented passbook or certificate, or some other bank document which regulates the rules of placing funds in deposits and complies with the law.
