Urgent deposit is one of the most reliable ways to store savings

It is common knowledge that money should not be in a safe, but should work. Opinions on how exactly and where exactly they should do this, there are many. But in one, all experts are unanimous: the most reliable place to store savings is the bank. Here you can leave funds intended for payment of an expensive purchase or simply accumulated over a period of time.

But you can also store money in the bank in different ways. This is the safe deposit box, which is simply folded and left under multi-level protection, and the usual current account, and a savings deposit. Despite the wealth of choice 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 early withdrawal of money, others - no, there are deposits with the possibility of replenishing accounts, and there are without. There are other nuances in the dogovory. But any term deposit in any bank will bring a much higher income than a cumulative or current account.

Opening the deposit, the client wants to be sure that he can easily return his money and take interest. In order to sleep peacefully, investors are advised not to pursue high profits, but to open accounts in trusted reliable banks with large loan and deposit portfolios. In this connection, the term deposits of Sberbank are so popular. After all, this institution was tested not for years, but for decades. Sberbank has a huge number of branches and offices across the country, and its deposit portfolio speaks of a high level of trust from existing customers.

Some financiers, however, referring to the fact that all private individuals' deposits are insured, recommend not paying special attention to the reliability of the bank, but only looking at the benefits, that is, the interest rate and the scheme of its accrual. Basically they are right, but not in everything. First, there is a limit on the maximum amount for deposit insurance. Secondly, in the case of force majeure, then running around in instances and literally "knocking out" your money is not an enjoyable occupation. And there is no question of a calm dream in this case.

Of course, when making a deposit, it is better to ask whether the bank participates in the insurance system. It will be calmer, but you should not count on it too. It should be noted that all deposits are insured in banks: urgent, funded, on demand, but only on condition that the amount on them does not exceed the maximum permissible under the current legislation, and the customer is a private individual.

To work the money, they can invest in various funds, buy real estate or precious metals. But the simplest and most reliable option was, and still is, a term deposit. First, in this case, the client does not need to worry about either the quotes or the price fluctuations in the market. Secondly, you can choose a convenient deposit option, so that, for example, you can receive monthly interest or withdraw them in six months or a year. And thirdly, any urgent deposit can be canceled in advance. Of course, with this loss of interest, but in no other case, the money will not be returned as quickly and simply as in the case of a deposit.