It is well known that money should not be in the safe, but should work. There are many opinions on exactly how and where exactly they should do it. But in one, absolutely all experts are united: the most reliable place to store savings is the bank. Here you can leave the funds intended to pay for an expensive purchase or simply accumulated for a certain period.
But you can also store money in a bank in different ways. This is a safe deposit box, into which banknotes are simply folded and left under multilevel security, both a regular current account and an accumulative deposit. Despite the rich choice of options, most bank customers prefer a term deposit.
Each financial institution, as a rule, has several such programs for which you can leave money at interest for a specific period. Some of them provide for early withdrawal of money, others do not, there are deposits with the possibility of replenishment of the account, but there are also without. There are other nuances in the contract. But any fixed-term deposit in any bank will bring a deliberately greater income than a savings or current account.
Opening a deposit, the client wants to be sure that he will be able to freely return his money and collect interest. In order to sleep peacefully, investors are advised not to chase high profits, but to open accounts in trusted reliable banks with large loan and deposit portfolios. In this regard,
Sberbank fixed-term
deposits are so popular
. After all, this institution has not been tested for years, but for decades. Sberbank has a huge number of branches and offices throughout the country, and its deposit portfolio indicates a high level of trust from existing customers.
Some financiers, however, referring to the fact that all deposits of individuals are insured, recommend not paying special attention to the reliability of the bank, but looking only at the benefit, that is, the size of the interest rate and the scheme of its calculation. Mostly they are right, but not in everything.
Firstly, there is a limit on the maximum amount for deposit insurance. Secondly, in the case of force majeure, then running around the authorities and literally “knocking out” your money is not a pleasant occupation. And there can be no talk of any good sleep in this case.
Of course, when making a deposit, it is better to ask if the bank is involved in the insurance system. It will be calmer, but you shouldn’t count on it too much. It should be said that all deposits are insured at banks: term, savings, demand deposits, but only on condition that the amount on them does not exceed the maximum allowable under current law, and the client is a private person.
To make money work, you can invest in various funds, buy real estate or precious metals. But the simplest and most reliable option was and remains an urgent contribution. Firstly, in this case, the client does not need to worry about quotes or about price fluctuations in the market. Secondly, you can choose a convenient deposit option, for example, to receive your interest on a monthly basis or withdraw them after six months or a year. And thirdly, any term deposit can be terminated in advance. Of course, interest is lost, but in no other case will the money be returned as urgently and simply as in the case of a deposit.