All bank deposits can be divided into groups depending on the form, conditions, storage periods and subjects of legal relations. Each classification is worth discussing separately.
By storage form
There are five main forms of deposit storage:
Cash deposits. You can keep funds in rubles or foreign currency on them. The yield on ruble deposits is on average higher than on foreign currency deposits. Even if the deposit agreement expires and the client does not withdraw the money, the minimum interest rate of 0.1% per annum continues to accrue on them.
Depersonalized metal accounts. This is a way of owning precious metals without their physical embodiment. In simple terms, you buy not the metal itself, but its electronic image, a kind of equivalent. At the same time, your savings are tied to the cost of the metal, and you can receive a stable income.
Precious metals in physical form. They can be purchased shandong mobile number database from the credit institution itself and deposited for safekeeping.
Savings certificates. A financial institution issues a certificate that confirms your right to receive profit in the form of interest. In simple terms, a savings certificate is a bond issued by a bank.
Deposit boxes. This is a safe where you can store absolutely any valuables. In this case, no income is accrued, and the holder of the box pays rent. Some clients are offered free boxes by financial institutions, but this is an exception.
According to the terms
The main condition to pay attention to is the yield. For deposits and savings certificates, it is usually set in advance, but in some cases the percentage is affected by the state of affairs on the market.
Depersonalized metal accounts also allow you to earn income, but it depends on price fluctuations on the precious metals market. This means that you do not receive money from the credit institution itself, and often even pay a commission for servicing and making transactions.