Bank deposit - funds in the currency of the Russian Federation or foreign currency placed by individuals or legal entities in credit institutions in order to receive income in the form of capitalized (accrued) interest on the amount of the deposit and subject to return at the first request of the depositor, with the exception of deposits made by legal entities for other conditions of return, on the basis of the concluded bank deposit agreement. In accordance with federal law"About banks and banking"A deposit means funds in the currency of the Russian Federation or foreign currency placed by individuals for the purpose of storing and generating income.
It is possible to single out various criteria for classifying bank deposits at a high interest rate and their types. Contributions can be distinguished by category of contributor individuals and corporate deposits. Depending on the period of placement of funds in deposits, they can be divided into demand deposits and term deposits. If the deposit is made on the terms of issuing it on demand, without prior notice to the bank, then such a deposit is a demand deposit. If the condition for the return of the deposit is the expiration of the period specified by the agreement, the deposit is recognized as urgent.
There are types of deposits, among which the most common are the following:
- Currency rent. The minimum amount of a deposit in dollars, or the best deposit in euros, is from 100 thousand. Accrued interest is monthly added to the balance of the deposit. The storage period is not limited. Confidentiality and anonymous service guaranteed.
Demand deposit- the most common type of deposit, since it can be received by any person who presents a savings book marked "bearer" at any time, as well as in full or in part of the deposit. Sberbank pays the lowest interest for using this type of deposit.
Term deposits differ in that they are accepted for a period of at least one year, the payment of funds from a short-term deposit at a high interest rate is not made in installments. Interest on this type of deposits is much higher than on demand deposits. You can open an account by depositing cash or by bank transfer. Additional contributions are not accepted. If the account is closed earlier than one year from the date of making the deposit, the income on it is paid in the amount established for demand deposits.
Winning deposits differ in that high interest on deposits is not charged to the amount of the deposit of each depositor, but is played out between all depositors of this type of deposit. Typically, winnings on these deposits are held within the city or region.
Target deposits for children are accepted in the name of a child under the age of 16 for a ten-year period.
Savings and deposit certificates. The holders of the savings certificate are only individuals, and the holders of the deposit - only legal entities. Certificate - a security, the bank's obligation to pay the deposits placed with it and the income on them to the depositor. The certificate is urgent and nominal, the right to claim on it can be transferred from one person to another, which makes it quite attractive for legal entities.
Numbered deposit is opened personally by the depositor in cash and is designed for clients who are interested in the anonymity of their account. There are incoming and outgoing transactions.
What are the types bank deposits(deposits)? Bank deposits () can be divided into two main types: these are demand deposits and time deposits.
Demand deposits
Demand deposits are funds placed in a bank that can be called back at any time.
For the use of money that will need to be returned without prior notice, the bank sets a minimum interest rate, usually 0.01% per annum. The Bank has the right to change the interest rate on such deposits unilaterally.
Deposit clients open demand deposits to make settlements and make various payments ( wage, alimony, dividends, any Money transfers etc).
On a demand deposit, you can withdraw and replenish money at any time - it is unlimited.
Term deposits
With regard to term deposits, it should be noted that some mistakenly believe that these deposits are placed on short term so they are urgent. Term deposits are called so because they are opened by a depositor in a bank for certain period. For example, for a month, half a year, a year, they can be placed both for three years and for five years.
The client places his money in the bank for a fixed period, for which banks pay him an increased percentage. On time deposits, banks do not have the right to change interest rates at will.
If the depositor needs money, then, of course, he can withdraw it ahead of time, but then he will lose his high percent, the bank will pay him income at the demand deposit rate.
There are banks that offer term deposits on terms of maintaining interest in case of early withdrawal of money - this is undoubtedly an attractive offer, because in the event of a force majeure situation, the depositor, having withdrawn the money ahead of time, will retain his increased interest.
In case of early closing of a deposit, as a rule, banks are asked to warn the depositor in advance about this and order money for a certain day. With a demand deposit, money must be issued on demand.
Term deposits, in turn, are divided into the following deposits: savings, accumulative and settlement.
Savings deposits
Savings deposits cannot be replenished and partially withdrawn, most often the interest on such deposits is the highest and accrued at the end of the term.
Near Moscow Credit Bank such a deposit is called "Savings +", Absolut Bank is called "Profitable", Alfa-Bank - "Victory", Sberbank offers a savings deposit under the name "Save". All these deposits are non-replenishable and the interest on them is the highest compared to other deposits.
Savings deposits
They give the opportunity to replenish the deposit as needed, which allows the depositor to save up for some kind of purchase or simply save monthly from the salary available funds.
The bank may offer its customers not one, but several savings deposits. They will differ from each other in terms of placement, interest rate, presence or absence of it, but all of them will be united by the possibility of replenishing the deposit.
Estimated types of deposits
They are also called universal settlement deposits, they allow you to spend part of the funds up to the minimum balance, therefore, such deposits are classified as expenditure. If this deposit can also be replenished, then it will be expendable and replenishable. That is, at first he withdrew the money, then, if possible, returned it, then withdrew it again without closing the deposit agreement.
For settlement deposits, most often, the interest rate is lower than for savings and savings deposits.
Special deposits
The most basic classification of deposits is presented above, they may still differ depending on the following factors:
- currencies - deposits can be in rubles, (for example, in euros or dollars) or
In a narrow sense, a deposit is an investment of funds (banknotes or other valuables) in a financial institution for some time, with the aim of making a profit.
The legal relationship between the organization that accepts funds for storage and the depositor is regulated by a deposit agreement, which indicates the investment period, amount, percentage of income, rights and obligations of the parties, and much more.
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Deposits can be classified according to various criteria. This helps to maintain statistical data, analyze the activities of financial organizations, make strategic decisions, and inform potential customers.
Recently, the practice of investing indicates the emergence of more and more diverse investments that cannot be attributed to the traditionally accepted groups that characterize deposit operations.
If earlier Russia and the CIS countries offered citizens to invest in savings institutions, which were trusts, state-owned banks and other organizations, today commercial banks have come to the fore.
With the development of the banking sector, the emergence of new products and the ability to make investments not only in national, but also in other currencies, citizens increasingly began to trust savings to large and small financial institutions. This made it possible not only to receive income, but to save money from inflation.
Division principle
Deposit offers are usually divided:
| By investment period |
|
| If possible, replenish the deposit throughout the entire period |
|
| According to the conditions in case of withdrawal of funds, deposits are divided into: |
Typically, demand deposits offer a low interest rate, in fact, a deposit agreement can be called a deposit agreement with no rent. The main advantage is a small movement on the account and the ability to withdraw money at any time. A term deposit is the most profitable and allows the depositor to receive the highest interest, but usually there is no opportunity to withdraw funds during the term of the deposit. If the depositor decides to terminate the agreement ahead of schedule, the bank will recalculate interest for him at the demand rate. When, under the terms of the contract, it is allowed to withdraw money, that is, restrictions in the form of a minimum balance, it is usually equal to the down payment. |
| By providing the investor with interest capitalization |
|
Main types of bank deposits
When opening a deposit, a citizen should be careful, it is better to associate yourself with a large financial organization that has established itself in the market banking services.
When familiarizing himself with the offers of various institutions, the depositor should know what types of bank deposits he will be offered:
| savings | This is a standard type of bank deposit, which offers the least number of additional features, and interest capitalization is rare. One such investment is investing in precious metals or purchase of a cash certificate. |
| Cumulative | Its purpose includes the name, so there is no early withdrawal of funds, the depositor accumulates a certain amount, it is allowed to replenish the deposit. Often savings deposits are combined with bank loans. |
| Poste restante | The cheapest offers, according to which investors keep funds until they are taken away, and they can do this at any time. A typical example of a deposit is a card, checking, old savings account that was previously opened. Interest rates on these offers are very low. |
Alternative and detailed schemes
A potential investor can choose any type of deposit for himself, the main thing is that the savings do not lie dead weight, but make a profit.
Term deposits group
Typically, such deposits are accepted for a period of 1 month to 3 years, have the highest interest, they can also be divided into several types:
- Ordinary, money on them cannot be withdrawn ahead of time, and interest is issued at the end.
- Having the possibility of replenishment, but the amount of additional investments may have restrictions, and the bank may also allow them to be made only during specified periods. Interest is always charged on the amount that is on the account. It is not allowed to withdraw funds before the time.
- Term deposits with monthly interest withdrawal. The bank does not allow them to withdraw the amount of the contribution before the time or replenish it, but it is possible to receive a small monthly income.
- A deposit with a minimum balance is convenient in that it is possible to withdraw and replenish the account during the term of the contract. The minimum balance allows you to accrue interest on the amount that is in the account. Usually such deposits have high interest rates.
By subjects and goals
Deposits can be made by individuals and enterprises. If a deposit is made by an ordinary citizen, he becomes the object of protection of the deposit insurance system operating in Russia.
An individual is required to put an amount of no more than RUB 1.4 million so that the state can be guaranteed to pay it in case of bank insolvency. Entity can also place free funds that are temporarily not involved in the work of the enterprise.
On the basis of the agreement, the bank may prohibit the withdrawal of money ahead of schedule, the company will not be able to do this even if there are no financial difficulties. CER protection does not apply to deposits of legal entities.
Specialized deposits are offered to pensioners, students and other categories of citizens. Among the deposit offers, you can find deposits placed on children until they reach a certain age.
They are characterized by high interest rates, flexible conditions for the placement of funds, as well as the opportunity to make a deposit on promotional terms during the period of promotions.
How profitable are deposits in the Baltic Bank - experts answer. Read in .
According to the intended destination movement Money deposit can be:
- seasonal;
- investment;
- insurance;
- indexed attachment.
Also, the depositor has the opportunity to store funds in various currencies. Russians usually choose the national one and the two main ones - euros and US dollars, others are presented on the banking services market as alternative options, but they may well be used by depositors with large finances.
Withdrawal procedures
By terms of placement of savings, deposits can be:
| Short term |
|
| Long term | Deposits are counted when savings are placed for a period 3–6 months to 1–3 years. But recently, when inflation is high enough, to place funds for a period of more 1 year Not recommended. |
| Urgent | There may be deposits with a certain term, when funds for placement are received from other banking institutions. The period is usually 3–9 months. |
| Poste restante | When the contract does not have an expiration date, restrictions on the number and volume of transactions. |
For example, a deposit called Manage from Sberbank can be selected by a client as short term investment for 3 months minimum or long term for 3 years. Moreover, it can be replenished and partially withdraw the amount of the deposit.
With investments
New banking products that have recently appeared on the market include investment deposits. In addition to the fact that they offer to keep money, the depositor's savings as a share are placed in an investment fund, which is a partner of a credit institution.
The final profit from such an investment is much greater than from ordinary offers. Such an investment can be a great solution for individuals who want to have passive income and gradually become independent investors.
The client's funds are insured, thus they will be returned upon the occurrence insured event. The client has the freedom to choose among investment proposals, but he cannot do this for a period longer than six months, established by the contract.
What types of deposits with investments are there for depositors? For example, an index, when a bank offers a potential depositor to open a term deposit on 3–12 months.
Most of the depositor's savings will be invested by the bank in one of the reliable resources that bring high income, most often bonds.
It is impossible to partially withdraw money from such a deposit. The deposit is also insured. The percentage of income on a deposit, usually floating, because it is tied to a specific index.
An investment deposit can be a structural one, when a depositor's regular income-generating bank account is combined with the opportunity to receive an additional one, which depends on changes in prices for highly liquid assets.
The interest rate on the structural deposit will also be floating, it depends on the prices of assets, which are precious metals, oil, the Dow Jones index, stocks and others. Structural deposit can be simultaneously called index and investment.
Another type of investment deposits is a contribution to securities, it is offered by various investment companies for up to six months 5% . Investing in such a deposit can be called the most risk-free venture.
Distinctive features of each type
If time deposits can be more called accumulative, when the depositor does not have the opportunity to withdraw funds during the term of the contract, then demand deposits allow:
- respond quickly to market changes;
- have high liquidity;
- the depositor has the opportunity to dispose of the deposit personally or through an authorized person;
- the investment amount is usually not limited;
- most often, clients are offered interest capitalization.
If necessary, the depositor can withdraw the deposit at any time in cash or by bank transfer. Accrued interest is collected on a separate account if they are simple.
Given the situation that money can be withdrawn at any time, the bank does not provide high rates on such deposits, but often offers capitalization of income. In this case, despite the small rate, for 1–3 months you can get the same income as on a fixed-term deposit for six months.
Important Criteria
Deposit programs are distinguished by various criteria, which makes the number of offers on the market diverse.
Therefore, there is a classification of deposit offers according to:
- the term for the client to demand savings;
- the type of contract being concluded;
- categories of contributors for whom the product is intended;
- the proposed conditions of storage and accrual of income;
- the level of fees that the contributor may have to pay.
All issues are resolved between the bank and the depositor on the terms stipulated by the agreement. The document, according to the legislation of the Russian Federation, is considered public, therefore, no bank can refuse to accept savings for a client. Also, the bank does not have the right to give preference to certain depositors, who may, for example, be its clients or employees for a long time.
The concept of a bank deposit is familiar to almost everyone. In accordance with the current legislation, this is the name of money that is placed by an individual in a banking institution in order to save and generate income.
At the same time, the population raises many questions regarding the financial products that are offered on this market. In order to choose the appropriate deposit option, a person should understand what types of deposits exist and how they differ.
Experts identify several aspects, thanks to which it is possible to classify banking deposits. The basis for such a separation may be the term of the agreement on the placement of funds, the purpose of the banking product, issues of its functionality and the currency factor.
The deposits placed in the bank are divided into 2 categories from the position of terms:
- urgent;
- poste restante.
According to the criterion of control over the money contributed, deposits are divided into 3 categories:
- savings;
- accumulative;
- settlement.
On the side of the signed agreement, deposits are divided into 2 categories:
- for individuals;
- for legal entities.
By currency factor deposits in Russia can be of 2 types:
- ruble;
- currency.
In addition, there is a separate group of special financial products that are not subject to separate classification. V this case we are talking about seasonal, mortgage, indexed, insurance and investment deposits.
Let's take a closer look at all types of bank deposits.
Urgent and on demand
A term deposit is usually understood as the money that the depositor transfers to a banking institution for a fixed period specified in the concluded agreement.
As a rule, banks offer potential customers already formed deposit programs that are designed for a certain period. It can be 3, 6 or 12 months, as well as several years.
Under the terms of such a deposit, the depositor will be able to receive the agreed interest rate in full only in a situation where he does not withdraw the invested funds until the end of the contract. Otherwise, the banking institution will return the money, but at the same time significantly reduce the amount of accrued interest.
A demand deposit is usually understood as money that the bank will be obliged to return to the client in the event of receipt of a corresponding demand from him. In such a situation, banks cannot fully manage the funds received. They compensate this with the minimum interest rate stipulated for such a financial product. Usually the conversation is about 0.1%.
Savings, savings and settlement
Under the terms of savings deposits, most often the client does not have the opportunity to replenish or partially withdraw funds placed in the bank. This situation is not very convenient for many customers. To compensate for this shortcoming, the credit institution offers maximum interest on such deposits.
Under the terms of savings deposits, the client has the opportunity to deposit new funds into an open account. Such banking products are convenient for the accumulation of large amounts. They are very convenient in a situation where a person cannot save money on his own to make an expensive purchase. Also, such deposits are called replenishable.
Under the terms of the settlement deposit, the client retains the ability to control his own money to a certain extent and even dispose of it within the limits established by the signed agreement. We are talking about the possibility of carrying out both incoming and outgoing transactions. Often such a contribution is called universal.
For individuals and legal entities
The first product is intended for any citizen of our country without any additional restrictions. The funds placed on each such deposit are protected by the deposit insurance system.
Sometimes banks create special deposit programs to stimulate demand from certain groups of the population. In particular, they may be intended for pensioners or for students.
A legal entity can also open a bank deposit. Naturally, this will be a special product, originally designed for organizations and companies.
Such deposits can be used to place temporarily free financial assets. All specific conditions of such a contribution are described in the contract. Please note that such a deposit will not be protected by the insurance system named above.
Ruble and currency
A ruble deposit cannot be opened using any other currency. The investor can put only Russian rubles on it.
A foreign currency deposit is opened only in the currency of foreign countries, which the bank accepts for these purposes. In Russia, euros or US dollars are most often used.
Additionally, it is customary to allocate special banking products, on which the depositor can place funds in the national currencies of several countries. Such deposits are called multicurrency.
Brief summary
The existence of such a large number The variety of deposits is not at all accidental. By acting in this way, banking institutions seek to create deposits that would suit the maximum number of potential customers. This approach allows you to attract the maximum possible amount of money to banks.
Hello, dear readers of the online magazine "site". Today we will tell you what deposits in banks are and what types of bank deposits (deposits) exist, as well as provide instructions on how you can independently calculate a deposit.
From this article you will learn:
- What is a deposit and why is it needed;
- What types of bank deposits are the most popular;
- How to correctly calculate the profitability of a deposit and where it is profitable to put money on a deposit.
Also at the end of the publication we will give answers to frequently asked questions on this topic.
About what a bank deposit is, what types of deposits banks offer, how to calculate interest on a deposit using an online calculator - read in this issue
1. What is a deposit or deposit in a bank - an overview of the concept of a bank deposit in simple words 💸
Further, depending on the type of deposit, you need to enter the necessary information, indicate the details of the account from which the funds will be debited to the deposit. Confirmation of the opening of the deposit in this case will be a web document marked "Done".
Thus, it can be noted that it is not difficult to open a deposit, the main thing is that it brings the expected profit.
6. Where are the best conditions for deposits - TOP-3 banks with favorable conditions for deposits 📋
In order to be confident in their investments, they choose deposits from reliable banks. Chase after high yield can lead to disastrous results.
If credit institution will be taken away license , then the maximum that you can count on is the return of the deposit amount with interest that has already been credited to the account. No interest is accrued after the license is revoked, you will have to wait for the funds to be received from1 months and longer. This is provided that the deposit was insured.
Take note! When choosing, it is better to be guided by the principle "Less is better".
Below are selected TOP - 3 banks, which offer good conditions for placing deposits and have a fairly high degree of reliability.
1) Sberbank
The largest and reliable bank in the Russian Federation - Sberbank . His clients are over 139 million people Worldwide. It has the most extensive branch network, representative offices and subsidiaries in neighboring countries, Europe, Asia, and the USA. In this regard, it is convenient for customers to use its services.
Worth considering , the scale of the bank allows it to be not very mobile, attract deposits not according to the most high stakes, but be strong and reliable .
The range of offered deposits in the bank is very wide. Suggested here various targeted programs for large depositors and for those who need savings, charitable programs .
You can open a deposit in rubles, Euro, dollars. All conditions are presented on the company's website with the possibility of calculating the income percentage. It is possible to open a deposit using personal account Sberbank online.
Minimumdeposit threshold low, so the bank's depositors are customers with different levels income. Interest rate is not the maximum. Receive good income can only subject to the investment of a large amount of funds.
The bank attracts customers with its brand and the presence of a large number of branches and additional offices.
2) VTB 24
The bank is one of the largest Russian credit companies. Focused on working with private individuals, small business, entrepreneurs. Totals about 12 million clients individuals, has an extensive branch network. It has high expert ratings.
Offers a wide range of deposit programs , the opening conditions of which are presented on its website on the Internet. The profitability of the deposit is also considered on the site. The bank offers the service of opening a deposit remotely. Deposits are opened in any currency ( rubles, Euro, dollar).
Tall enough deposit threshold provides an influx of wealthy customers. Higher interest rate than in Sberbank, the duration of deposits before 5 years, with a good level of reliability makes contributions VTB 24 a popular investment.
3) PJSC Bank FC Otkritie
The bank is working on financial market more 20 years, is the largest private bank in Russia. According to the rating agency "Expert RA" takes 7 rank in size equity. It has branches in 52 regions of Russia, about 3.5 million customers individuals.
The bank has full automated a range of services for individuals. You can draw up, manage, withdraw deposits during a personal visit to the bank or across mobile app . Also have Internet bank.
You can open a deposit in any currency. The credit institution offers wide range of deposits .
The bank is average contribution threshold available to many clients. Convenient conditions and high interest rate provide good returns on deposits.
The credit institution offers increased interest on deposits opened online to increase the popularity of this service.
Below is a summary table for clarity. on 6 -ti big banks With the minimum amount deposit and the maximum interest on it.
Comparative table of deposits in various banks with indicators of the minimum contribution threshold and income interest on them:
№ Credit organization Min. deposit amount, thousand rubles Max. percentage, per year 1 Sberbank 1 5,63 2 VTB 24 200 7,40 3 Opening 50 9,25 4 Rosselkhozbank 50 8,75 5 Ural Bank for Reconstruction and Development 5 9,00 6 Bank Tinkoff 50 9,45 Thus, a variety of conditions and interest rates provide the client with the opportunity to choose a bank with a good profitable interest.
7. How to choose and arrange a bank deposit - 5 useful tips from experts 💎
Previously, in order to open a deposit, it was necessary to go around the banks of the city, select the appropriate conditions and stand in line at the selected credit institution. This required time(the working hours of banks often coincided with the working hours of enterprises) and purposefulness.
Now do it significantly simpler , more convenient and faster .
In order to get the maximum profitability and profitability of the transaction, we suggest that you familiarize yourself with expert advice in this area.
Tip 1. The interest rate should not be the cornerstone of your choice.
When opening a deposit, the main attention is paid to the interest rate. It would seem that everything is correct, the deposits are insured, there is no need to worry about their loss. But that's right only provided that the bank has no financial difficulties.
Worth considering that the bank's license may be revoked during the term of the deposit agreement. Then you will have to get back the deposit amount with minimal interest. While, when placed in a reliable credit institution at a lower interest rate, the amount of the depositor's income for the same period will be higher.
It is necessary to take into account the individual conditions of the program: Availability and frequency of capitalization on the deposit, possibility of replenishment and withdrawals etc.
Tip 2. Break one contribution into several
It's important to remember: "You can't put all your eggs in one basket." This proverb best characterizes the following advice.
If you have a large amount of savings, it is better to distribute them among different banks.
Compared to one deposit, opening several deposits in different banks has the following advantages:
- reducing the risk of loss of income in case of possible financial difficulties for the bank;
- the ability to choose the most convenient individual conditions for the placement of funds.
can open multicurrency deposit , which also has its advantages.
Advantages of a multicurrency deposit:
- the ability to freely manage the account;
- if necessary, you can convert the deposit;
- reduction of losses from inflation.
The best option is to place a deposit proportionally in three currencies: rubles, dollars, Euro.
A person who is not afraid of risk and wants to learn how to manage own investments, you can open investment deposit .
A feature of the investment deposit is the division of the deposit into 2 parts:
- contribution;
- investments in mutual funds (share investment funds).
Interest on the deposit is calculated in the standard mode. The profitability of investments in mutual funds depends on many factors. Moreover, the investment object is chosen by the client on one's own.
Thus, opening an investment deposit, you can make good money if the circumstances are successful or lose half of the deposit if the investment was unprofitable.
Tip 3. Place funds only with credit institutions
If by placing his savings on deposit, the depositor expects to return them back, then it is forbidden trust unverified companies that invite customers with fabulous percentages.
Need to contact only to those credit institutions whose deposits are insured in Deposit Insurance Agency (ASV). Their list is available on the website of the Agency and the Central Bank of the Russian Federation.
If the interest rates offered by them are very attractive for the client, then you should definitely check the information about such companies.
There are several ways to assess the reliability of a credit institution:
- During a personal visit to the office of the company where all documents should be in the public domain;
- View company website. At the same time, it is worth paying attention to the length of its activity, the size of assets, the amount of liability for obligations;
- Study customer reviews on independent thematic forums.
It will be difficult for a non-specialist to understand all the nuances, there is a high probability of falling into the hands of dishonest partners.
Tip 4. Realistically evaluate the term of the deposit
The longer the term of the deposit, the higher the interest rate on it. If funds are placed for the long term, then without a doubt they should be placed at the highest interest rate.
However, it should be taken into account that in case of early termination of the contract (no one is insured against unforeseen circumstances), interest on the deposit is accrued minimal, that is, you will not be able to make money on it.
If savings are not made for specific purposes: buying a home, traveling, etc., it is better to choose the average term for investing funds.
Tip 5. Better choose the simplest and most understandable sentences
Advertising campaigns of banks are carried out in order to attract as many depositors as possible. Various “beautiful conditions” and pleasant bonuses are invented. In reality, this often turns out to be propaganda.
If you are not a financial expert, it is better to choose simpler programs, the profitability of which can be calculated on one's own .
Convenient and clear conditions, reliable bank- everything you need for the profitable placement of your own savings.
Having a free amount of money, you can make them a permanent a source passive income , which will be a nice bonus to the family budget.
8. Frequently asked questions about bank deposits and deposits 🔔
Question 1. What are investment deposits?
Investment deposit is a diversified financial instrument placement of funds. Its main feature is the division of funds into actual contribution and on investments in investment funds.
This service is offered credit institutions under which affiliated mutual funds(mutual funds). Usually the deposit amount is divided 50 /50 . But only the amount of the deposit will be insured in the DIA.
Today, these types of deposits are quite popular type of financial services. This is due to the fact that they receive greater profitability than with standard deposits. In addition, the investor acquires investment experience with minimal risk.
On the one side, the division of the deposit into two parts guarantees the safety of the deposit and the receipt of a stable small income on it.
On the other side , it is possible to get many times more profit with a successful investment or lose the funds invested in a mutual fund.
The conditions for investment deposits are:
- high entry threshold;
- short term;
- impossibility of extension.
Question 2. Indexed deposit - what is it?
There are bank deposits, the condition of which is possibility of indexing interest rate depending on the value of certain assets. for instance , valuable papers, dollar exchange rate, RTS index, inflation rate, etc..
In the event of an asset growth, the depositor receives an additional interest, and in case of a fall, the rate is charged as for deposits " poste restante».
Question 3. What is the online bank deposit calculator?
Quite recently, in order to understand how profitable it is to place money on a deposit, one had to go to the bank, stand in line for an individual consultation. Now everything has become simpler and more convenient.
All banks' websites contain information about the proposed programs for attracting funds to deposits. A convenient innovation is the presence online deposit calculator (deposit calculator). It provides an opportunity to calculate the profitability of a particular program to determine the most favorable conditions.
Online deposit calculator is a specially adapted for a specific financial organization a program that includes all the conditions of a particular bank's deposit.
