What is a deposit?
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Earn money now you can almost alwaysand anywhere. So, you can get a certain percentage of cooperation with the bank - for this you need to become a depositor. However, first you need to understand the basic concepts. Let us consider in more detail what a deposit is and how it happens.
Deposit - the amount of money that is transferreda credit institution from a natural or legal person with a view to obtaining further income from interest as a result of various transactions with invested funds.
To become a depositor, you need to have a cashthe amount that can be invested in a bank, and draw up a deposit agreement with the right company. If the company's charter prohibits the creation of deposits, you can issue a bill or make a contract on the minimum balance on the account, where the next interest accruals will then go.
Deposit deposits help in time to receiveguaranteed cash income. After the expiration of the contract, the depositor receives the invested funds together with interest. Among the main types of deposits can be identified the following: credit, currency, customs, state, and banking. Consider the general scheme of opening a deposit account.
To make a deposit, you first needdecide how much you can put on it. The higher the invested amount, the greater the percentage subsequently accrued. To get a high bid, you often need to deposit on the account an amount that can not be withdrawn before the end of the contract. Early termination results in cash losses.
Next, it is necessary to determine the term of the contribution, usually the proposed period of time - from one month to several years. The longer the period selected, the higher the percentage.
Next, you need to determine the system of accrual of interest from the deposit. It is better to choose a contribution with frequent capitalization - you can get more income from it.
Types of deposit
Deposit without specifying a certain period of storageMoney. The depositor's money is saved on the settlement or contract account. Most often, these funds are used to calculate various organizations and to finance the population.
The interest for time deposits generally accrueson savings deposits. Money under a separate agreement with the bank or in accordance with the law can be a demand deposit. If the contract does not provide for certain conditions, the bank may change the amount of interest.
In accordance with the Civil Code of the Russian Federation, the depositor has the rightreturn money on demand. Exceptions can be made by legal entities on special terms and conditions. Money can be received by bank transfer, cash or by check.
Term deposit - a deposit for a certain period of time,his expiration of the money is completely removed. These deposits are less liquid, however they can bring good money. The term can be from several months to several years.
The term deposit does not imply withdrawal of money or replenishment of the account. In the event of early withdrawal of funds, the depositor must pay a fine or significantly reduce the deposit percentage.
A certain period allows the bank to plan the use of funds, so the interest on such deposits is higher. Also, urgent accounts do not need large expenses for maintenance.
Most often for registration of such a contributionuse the agreement on opening a deposit and depositing funds into the depositor's account. On the basis of this agreement, the bank forms a legal case, which uses all documents relating to the relationship of the depositor and the bank, as well as documents relating to tax payments.
The interest on this deposit can be calculated in the following ways:
- by the formula with simple percentages;
- by the formula with compound interest;
- using a floating or fixed rate;
- if the method is not specified, then the accrual is calculated using a simple interest formula when taking into account a fixed rate.
Legislation of the Russian Federation on bank deposits
If you are going to open your deposit in the bank, then it will be useful for you to familiarize yourself with the legislation in this area.
- Instructions on the opening and closing of bank accounts, deposit accounts and deposit accounts.
- The Federal Law "On Banks and Banking Activity", No. 395-1 of 02.12. 1990 art. 25 item 1.
- The Federal Law "On Banks and Banking Activity", No. 395-1 of 02.12. 1990 art. 29.
Deposit is a reliable enough meansincome if it is created and used during the normal and stable development of the economy. Creating a bank deposit is less risky, but also less advantageous, as it will not be possible to earn a lot of money on interest. The income depends on the amount of funds invested (for a larger amount the greater the income) and on the time (the longer the deposit exists, the greater the income from it can be obtained).