It is known that the financial well-being of a personcan not be achieved without certain knowledge. The right information about all the services of the bank will help you to properly invest money and extract the maximum percentage of profit from it. From this article you will learn more about the concept of a deposit account, and about the purposes for which it is intended.
So, let's try to give an exact definition to thisfinancial term. The deposit account allows you to store your funds in an organized manner. At the same time, it opens for a fixed period of time and is intended, mainly, to extract additional profits. The deposit account implies the accrual of certain interest. Here lies the benefit for the client. The interest for such a contribution is always higher than for current accounts. They depend on the period in which you will notify the bank in advance that you are going to terminate your contract ahead of the time specified in it.
A deposit account can open both physical andand legal entities. It allocates free cash from the current deposit. Interest is also accrued. After the expiration of a certain period, stipulated in bank documents, the money is returned back.
It is also worth noting that interest accruedto the account, also depend on their current rate. The deposit account can be opened both in certain types of foreign currency, and in rubles. What is more profitable? At the moment, experts say that it is better to open an account in rubles, because the situation with foreign currencies is difficult to call stable.
Before you take advantage of this advantageousbanking services, it is necessary to carefully study the conditions that are offered to depositors. In our time, a similar account can be opened in virtually any bank in Russia. A person has a choice. Usually the main factor that affects the decision to open a deposit account in a bank is the interest rate.
Consider the benefits of this financial service. Such accounts are the most popular form of investment. Why? This is a very simple way to increase money, which is available to everyone, for its use, you do not need certain knowledge.
As you know, the world has not recovered after the wavefinancial crisis, and the economic situation is extremely unstable. At the moment, interest rates on deposits and accounts are quite low. However, this does not mean that such banking services have lost their relevance. A deposit account is your chance if you do not increase money, at least protect them from inflation. That is why such a service is popular with the widest sections of society.
There are two types of deposit accounts -poste restante and urgent. The first option is short-term. It is worth noting that demand accounts have sufficiently low interest rates. The next type of service is more beneficial in this regard. Urgent accounts always have high interest rates. They are designed to store money for a long period of time. What explains the difference between interest rates? Everything is very simple. Urgent accounts allow the bank to use the depositor's funds for quite a long time. This, in turn, brings additional profit. The demand deposit account is short-term and, therefore, less profitable for banking institutions.
Now you know what a deposit account is. However, do not forget that before you decide to use this service, you need to clarify all the conditions that a particular bank offers its depositors.