The bank deposit is one of the investmenttools, which is considered the most accessible and safe even for people who do not know all the intricacies of financial management and banking. With the help of it you can not only save your money with constant inflation, but also multiply them.
To earn deposits in banks allow actuallya little, but in terms of money back they are the most reliable. In addition, their reliability is proved by the existence of special state programs, which oblige to insure the contribution to the case of burnout of banks. This makes it a safe enough way of investing free funds.
Types of deposits
According to the method of managing cash, there are three types of deposits:
- Classic, which completely limits the depositor, i.e. he can not replenish or withdraw money from a deposit account;
- a deposit that allows the depositor to replenish it;
- a deposit that gives an opportunity to make additional payments, and partially withdraw money.
Deposits in banks can be called differently, but they are all divided into three types:
- urgent;
- savings;
- poste restante.
Term deposit
Urgent contribution, as is already clear by name,is issued for a certain period of time. It should be taken into account that the minimum period for which it can open is thirty days, the maximum period is several years.
Term deposits of individuals have their own subspecies:
- Deposits in which interest payments are made monthly;
- with payments at the end of the term of the contract.
As a rule, you can earn on the last subspecies of a term deposit, rather than on the first.
Savings deposit
Savings deposit is a deposit, within the limits ofwhich you can additionally deposit funds into the account. The term of the contract is usually more than six months. Interest is accrued on the balance of the deposit account on a daily basis, the depositor may receive interest income in the form of interest at the end of the minimum period specified in the contract.
Poste restante
The demand deposit gives an opportunity toowner to freely manage funds on the account. Interest on demand deposits is usually small - rarely exceed 1% per annum. Some deposits of this kind can be automatically prolonged by the bank, but already on less favorable terms.
In which currency should I make a deposit?
Any Russian bank deposits individuals opens both in rubles and in foreign currency. In addition, there are multicurrency views.
Multicurrency deposit is the placement of funds indifferent monetary units in one deposit account for different interest. Banking experts recommend to open this particular kind, since in case of force majeure situation the depositor has the opportunity to win at least one of the currencies.
Another point to consider when opening a deposit is that the interest rate for foreign currency deposits is lower compared to the ruble account.
How to choose the most profitable deposit?
What you need to pay attention to, making outcontribution? This, of course, the interest rate level. It determines the amount of income that the depositor will receive for giving the bank his money for use.
The interest rate depends on the following characteristics of the deposit:
- amount;
- term of placement;
- species.
It is worth emphasizing that high interest on deposits does not yet speak of the bank's reliability.
As a rule, signed between the bank andthe investor does not allow the former to unilaterally change the interest rate, except for some cases (this applies to deposits with interest capitalization and prolongation).
Accrual of interest on deposits
Accrual of interest on deposits can occur as follows:
- At the end of the deposit period, they are credited to the initial amount.
- Payment is made regularly, for example, monthly or quarterly.
- With the capitalization of interest on the deposit.This method involves adding to the deposit amount of interest in the form of interest for a certain period, and already in the next period they will be charged for a large amount. Remuneration is paid monthly, quarterly, annually or at the end of the term of the contract. On deposits with capitalization, as a rule, the interest rate is lower, but it can bring in more income.
Prolongation
The prolongation of the deposit is the extension by the bankan agreement on opening a deposit after the expiration of its validity period and making a new deposit for a new period without the consent of the depositor. If the deposit agreement does not provide for prolongation, the entire amount (principal and remuneration) will be transferred to the client's account, and interest will not be accrued any more. To renew the charge, you need to contact the bank for opening a new deposit account.
It is necessary to pay attention to the fact that not all types of deposits provide for prolongation. To use this service, the item on it should be included in the deposit agreement.
Basically, when making a deposit from a customera passport of a citizen of the Russian Federation is required. If a person wants to open a deposit account with a close relative, the bank will require to present his documents or their copies certified by a notary.
Deposit Insurance Agency
The DIA was established with the aim of developing a deposit insurance system in Russia. It guarantees depositors the return of funds on their deposit accounts in the event of a bankruptcy of the bank.
Over the years of its activity, this system has repeatedly demonstrated its excellent work, and thereby increased the attractiveness of deposits for Russian citizens.
Conclusion
If you can allocate a certain, though a small amount of free funds every month and want to save them for some purpose, then the contribution to the bank in this situation will be a good option.
It is clear that this way of investing funds is notwill bring a luxurious life in the future for interest, but it will certainly help to solve some problems. In addition, by placing money in a bank, you do not have to worry about their safety, and the compensation received will cover the constantly growing inflation.
