Banks offer different conditions for deposits. At the same time, the deposit rate can change not only depending on the amount and term, but also on the frequency of replenishment. Of course, if such an option is available to the client in principle.
If the deposit is replenished, the interest on it is usually lower than on a deposit with a one-time investment of funds. But often this option still turns out to be the most profitable. Let's talk about the typical conditions for opening replenished deposits, consider their advantages and disadvantages. And we will also reveal a few secrets that will help you choose the most profitable deposit.
What are deposits with the possibility of replenishment?
Banks formulate product conditions individually. Therefore, they may jiangxi mobile number database differ in many parameters. But if we consider the criterion of the frequency of depositing and withdrawing money from the deposit, then globally they can be divided into three large groups:
Classic ones – they cannot be replenished, and you cannot withdraw money from them without losing interest.
Replenishable – allow funds to be deposited, usually without changing the interest rate and other terms of the agreement.
With partial withdrawal – you can withdraw a certain amount from the deposit without losing interest.
These properties can be combined. For example, the terms of the same product may allow both replenishment and partial withdrawal of funds. However, each offer includes potential risks and benefits. Therefore, replenishable bank deposits often allow you to earn less on interest than classic deposits. But in the long run, they may prove more profitable - for example, for those who plan long-term savings.