Deposit - a savings. There are deposits of banks and credit unions, deposits of individuals and legal entities, short-and long-term deposits, deposits with high and low interest rates. Contribution, deposit - this is money in cash or bank transfer in the currency of Ukraine (Russia) or foreign currencies, which are placed on their customers of registered bank accounts on a contract basis for a specified retention period or without specifying a time period and are payable to the depositor under the law and conditions of the contract.
People who do not have the practice of communicating with the banks often ask what the deposit. Deposit - a deposit that is put into a bank account for a profit. Often saving people earn more money than they spend. Logically, the "extra" money should not just lie under the mattress, and bring their master or mistress of income - the percentage. Bank interest, dripping on the lucrative deposits may represent a significant amount in the event that a significant amount of the deposit.
Thus, if the bank account is more than 10 000 dollars, euros or even Ukrainian hryvnia, the monthly interest on the deposit can live with, or use the bank interest as a stable, an additional source of income. It makes sense to do even small deposits - they still play the role of savings, which is very positive impact on the peace of mind of their owner. There are different deposit ratings. The best deposits are replenished and index-linked interest-bearing deposits in different currencies in several banks.
Usually a minimum deposit amount is an amount of U.S. $ 100, although some large and flexible, banks take deposits, even in the amount of $ 50. Deposits are not only very beneficial to investors, but also by banks and credit unions - Deposits are financial resources of the bank, under which these financial institutions to give the public and the legal people to credits.