Fixed-term deposits
Posted: Wed Feb 19, 2025 5:52 am
The main condition of this type of deposit is compliance with the term specified in the agreement. The most common periods for which depositors open a deposit are from three months to three years. At the end of the agreement, the client receives his money with interest. The rate may vary depending on the term - the higher it is, the higher the interest rate the bank will offer.
In some cases, you can withdraw funds early, but then the interest will be lower. As a rule, they are recalculated at a reduced rate or as for a demand deposit.
Often, term deposits provide for prolongation. This is an automatic extension of the agreement if the client has not contacted the institution and has not reported that he does not want to prolong the deposit term. The terms of prolongation are specified in the agreement. Usually they remain unchanged, but sometimes the deposit is transferred to the "on demand" category with an annual interest rate of 0.01%.
Savings deposits
These are the most profitable deposits for effective uk mobile database increase of funds. The depositor opens a deposit, can replenish it and increase the profitability. Banks offer some of the highest interest rates for such deposits, especially if you conclude a contract for a long period and deposit a large sum of money.
Savings deposits are used by those who want to save money for large purchases, such as a mortgage, housing or a car. This is a safe and financially advantageous offer for storing money and earning a small but passive income.
Savings deposits
This is a classic deposit without additional options. The depositor opens an account at a certain rate and term, and at the end of the contract takes the money with interest. Such deposits are characterized by high interest rates, which increase depending on the amount and term.
This option is suitable if you have available funds and the ability to “forget” about them for at least 12 months.
Settlement deposits
This type of deposit allows you to withdraw part of the amount without losing interest. The main feature is that the account must have a minimum amount specified in the agreement. For example, a client deposited 200 thousand rubles with a non-decreasing balance of 150 thousand rubles. You can withdraw up to 50 thousand rubles without the risk of losing interest.
In some cases, you can withdraw funds early, but then the interest will be lower. As a rule, they are recalculated at a reduced rate or as for a demand deposit.
Often, term deposits provide for prolongation. This is an automatic extension of the agreement if the client has not contacted the institution and has not reported that he does not want to prolong the deposit term. The terms of prolongation are specified in the agreement. Usually they remain unchanged, but sometimes the deposit is transferred to the "on demand" category with an annual interest rate of 0.01%.
Savings deposits
These are the most profitable deposits for effective uk mobile database increase of funds. The depositor opens a deposit, can replenish it and increase the profitability. Banks offer some of the highest interest rates for such deposits, especially if you conclude a contract for a long period and deposit a large sum of money.
Savings deposits are used by those who want to save money for large purchases, such as a mortgage, housing or a car. This is a safe and financially advantageous offer for storing money and earning a small but passive income.
Savings deposits
This is a classic deposit without additional options. The depositor opens an account at a certain rate and term, and at the end of the contract takes the money with interest. Such deposits are characterized by high interest rates, which increase depending on the amount and term.
This option is suitable if you have available funds and the ability to “forget” about them for at least 12 months.
Settlement deposits
This type of deposit allows you to withdraw part of the amount without losing interest. The main feature is that the account must have a minimum amount specified in the agreement. For example, a client deposited 200 thousand rubles with a non-decreasing balance of 150 thousand rubles. You can withdraw up to 50 thousand rubles without the risk of losing interest.