This article will focus on the types of bank accounts, their features and main differences.
Almost everyone needs a bank account. modern man, because it allows you to receive payments, save funds and dispose of them in a non-cash form.
The conto holder can be a natural or legal person. Depending on the purpose of use, bank accounts are of several types.
In this article, we will consider what a current, current and deposit account is, how they differ.
Types of bank accounts
Current
The card account allows:
- cash out through an ATM own (pension, salary card ) or credit funds, bypassing queues at banks, at the post office;
- , cash-in banknote receiver;
- manage money and control expenses remotely (for example, through Sberbank online).
The owner of the current account can:
- entrust the execution of regular payments to bank employees;
- convert money into dollars / euros without withdrawing them.
Each account is assigned individual number.
Sooner or later, almost every citizen of our country faces the need to open a deposit account in a bank. What is it, and how to use it, we will talk in today's material.
Banking services are used by almost all legal entities, as well as many ordinary people. Sooner or later, they have a question: “What is a deposit account in a bank?” The answer to it is quite simple: this is a current bank account in which the client keeps his money, and the bank, in turn, pays him for this in the form interest charges for the amount of the deposit. A deposit account is sometimes called a deposit or a deposit.
In other words, we can summarize that in a bank it is a way to save and increase your money using the services financial institutions.
History of appearance
Greece is considered to be the channel in which the first principles of deposit accounts began to emerge. At a time when there were no modern financial institutions and no awareness of what a deposit account in a bank was, people kept their wealth in temples. They put their goods in pots, wrote their name and date.
At the same time, the temple took upon itself the obligation to preserve values, but at the same time took a reward for such a service. It was more like today's service of saving valuables in individual deposit boxes, which is provided by banks.
At a time when everything more people kept their savings in gold coins, so-called "changers" appear. They kept cash for a certain reward. Then they realized that the gold coins that they have stored can be given to other people in the form of a loan and make money on it.
At this moment, the first principles and understanding of what a deposit account in a bank was born. When the depositors found out that the money changers were earning on their money, they wanted to have some kind of dividend from this. From that moment on, the principle of calculating interest for placing a deposit appeared. There are several types of deposits. This article discusses the most popular of them.
What are the types of deposits by maturity?
According to this criterion, there are:
- 1. Demand deposits. This is a type of deposits, in the terms of which it is stated that the deposit agreement has no expiration date, that is, they are unlimited.
- 2. Term deposits. Such deposits are a certain period. Often contracts are concluded for 3, 6, 9, 12 and 24 months, but other options are possible. Such deposits can be returned ahead of schedule, if such is provided for by the contract.
What are the ways to withdraw deposit funds?
According to the method of withdrawing deposit funds, deposits can be divided into the following types:
- 1. At the end of the term completely. Such deposits cannot be withdrawn ahead of schedule, except in cases where the client terminates the agreement with the bank. But in this case, there will be a penalty in the amount of interest that the bank will withdraw from the client for violating the terms for storing funds that were specified in the contract.
- 2. Possibly partial withdrawal. Deposit accounts with this option give the client the right to partially withdraw funds from the account, as needed. In this case, no penalties will be applied to him by the bank.
Deposit funds You can withdraw both through the cash desk of the bank, and by bank transfer to a card or current account. For this, the bank may charge an additional fee.
How are interest rates calculated on deposits?
Deposits according to the method of accrual and payment of interest are divided into:
- 1. Deposits with interest payment at the end of the term. This implies that the interest that the bank charges on the deposit amount is issued to the client during the payment of the deposit body at the end of the term.
- 2. Deposits with capitalization. Such deposits are considered more profitable than the previous ones. The terms imply that on a monthly basis the interest accrued to the client on his deposit, the bank adds to the body of the deposit, that is, next month interest will accrue on a large amount.
To better understand what a bank deposit account is, you need to divide deposits according to the conditions for extending storage periods (or a deposit agreement):
1. No renewal. These deposit agreements are not renewed after they have expired. The deposit funds will be kept in the bank account without accruing interest until the client withdraws them.
2. With prolongation. To date, the extension deposit agreements is a highly demanded and popular service. After the expiration of the term, the deposit is automatically re-placed for the same period for which the agreement was concluded, but at a new deposit rate. Very often, banks have loyalty programs that increase the standard interest rate from 0.5 to 1% for renewal, which is more beneficial for customers.
According to the method of replenishment, deposit accounts are:
1. With the possibility of replenishment. Such deposits can be replenished at any time, which is very convenient if there are additional funds that the bank client also wants to deposit into such an account.
2. Without the possibility of replenishment. This type of deposits cannot be replenished, which is prescribed in the contract for opening a savings account.
What are the most popular deposits?
Following the example of Russian banks, we can conclude that the most popular is the classic deposit account. Alfa-Bank on such a deposit accrues the most a large percentage compared to other types of deposits. Classical are those that are placed for a certain period without the possibility of partial withdrawal.
In order to open a deposit account in a bank, a person usually needs to bring a passport and an identification number taxpayer.
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What is a bank deposit account?
A bank account is one of the special bank accounts, the main feature of which is the accrual by the bank of interest on the amount placed on such an account. About it banking product we will talk further.
What does bank account mean?
An account opened by a legal entity or a citizen to deposit funds on it, for which credit organization will accrue interest in the amount established by agreement of the parties - this is a deposit account in a bank.
Funds on such an account can be placed for a period strictly defined by the agreement or on demand. The amount of accrued interest usually depends on these conditions (in the second case, it is usually much lower).
Interest can be calculated with capitalization (ie the amount of accrued interest is added to the amount available on the account, thus increasing the base for interest calculation in the subsequent period) and without it. 
Spending funds on such an account before the expiration of the period established by the agreement is usually not allowed (or allowed to the level of the minimum balance), in some cases (under the terms of the agreement) its replenishment is allowed.
Debit bank account
A debit account in a bank is any account that is intended for placement own funds client (for example, amounts transferred by the employer wages, deposits, funds deposited by the client to the account using card products or through the bank's cash desk, etc.). Thus, a deposit account is a kind of debit account.
Deposit and current bank accounts
The deposit account is intended for urgent placement of funds that cannot be withdrawn from it, transferred or used before the expiration of the period specified by the agreement between the bank and the client. Otherwise, the latter will lose all or part of the interest.
Deposit accounts in the bank can be opened by individuals and legal entities. Such accounts are designed to hold funds for a certain period and at a certain percentage.
An agreement is concluded between the bank and the client to open a deposit account. Upon entry into force of such an agreement, all available funds from the account individual or legal are transferred to a deposit account and from that moment interest is accrued.
Types of deposit accounts
There are several types of deposit accounts, these are urgent and demand deposits. With a term type of deposit, the bank client himself determines the specific date when he will be able to withdraw his funds. With this kind of deposits, the interest rates are much higher than with a demand deposit.
When concluding an agreement on a deposit account with a bank, the type of term deposit may not be withdrawn from the account until the end of the agreement. In this case, the contract is automatically extended for the same period as the previously concluded contract.
On demand deposit interest rate much lower, but in this case the client will be able to use his funds at any time when the depositor wants. There are many situations in case of occurrence, which the bank always meets the needs of its customers. Every bank and bank employee values their reputation.
Interest Methods
There are several methods for calculating interest on deposits. This may be the accrual of interest monthly, quarterly and with capitalization.
When calculating interest with capitalization, this is actually interest calculated on interest. This method is used in cases where the client withdraws interest from the account quite often. Interest rates on deposits can also be of several types. These are fixed and floating interest rates.
When using fixed interest rates, the contract specifies exactly what amount of interest rate will be applied to this deposit. And when using floating interest rates in deposits, the contract states that the interest rate depends, for example, on the exchange rate, such an interest rate is applied mainly in deposits in foreign currency. In this case, not the interest rate itself is indicated, but the changing rate over time. This rate is called the base, and the size of the premium to it is called the margin.
How to open a bank account for individuals
Many bank customers know how to open an account. The same procedures apply when opening a deposit account. A functioning account of an individual may also be needed when opening a deposit account, since when opening an account, money from a simple account can be immediately transferred at the bank's cash desk to a deposit one.
To open deposit accounts for individuals, a list of documents is required, established by the bank. Opening deposit accounts implies the presence of the client in the bank.
When opening such an account, you will be required to have a passport and sum of money, which you wish to put into the account for further profit on interest. This operation in almost all banks can be done directly at the cash desk for servicing individuals.
Opening a deposit account by legal entities
To open a deposit account, legal entities must submit relevant documents to the bank. As a rule, these are the same documents as when opening a regular current account by legal entities.
First of all, an application is submitted to the bank for opening a deposit account in prescribed form jar. The next step is to provide a copy of the charter, certified by the seal of the legal entity. Then the design of a card with sample signatures, employees of a legal entity who have access to the disposal of deposits, these are the signatures of the director, founder and chief accountant.
This card is certified by the seal of the legal entity, and then by the bank's employees. If there are signatures of employees in the card, copies of documents on the appointment of persons indicated in the card are required.
The terms of consideration for opening a deposit account can range from several hours to several days. When opening a deposit account, legal entities have the right to choose to invest their funds at the desired percentage.
There are contributions in various monetary terms. These may be contributions to national currency and in US dollars.
As you know, money cannot be stored under a mattress, otherwise it will be swallowed up by inflation. Existing assets are much more reasonable to "put into use" for their preservation and gradual increase. You can do this by investing in. It is assigned a twenty-digit number (in other countries, letters are allowed in the number).
The main purpose of the deposit is the accumulation of funds of its owner. The account is opened for some time, during which the bank charges a certain percentage on the invested amount. Money on deposit cannot be used to pay for purchases or transfer them to another card.
After the conclusion of the agreement, the funds are transferred to the bank for a specified period. Often the owner cannot withdraw money from the deposit before the agreed date. But for trust in their bank, the client receives a profit in the form of interest on the deposit.
Features of a deposit account
Deposit accounts are divided into urgent and demand accounts. Term deposit involves long-term storage money in the bank, so it is charged a large interest. Such conditions are beneficial for both the bank and the depositor. At the conclusion of the contract, the terms are determined in which the client will be able to receive the accumulated deposits back, but not earlier than the agreed date.
A demand deposit, in turn, does not have a clear due date deposit storage. That is, the client is not limited in the ability to return the deposit. Therefore, it is not for him that the bank charges the minimum interest rate. The deposit account has some characteristic features:
— contributor limit. The deposit performs the function of accumulating money, so its owner cannot use them before the agreed period. For the bank, such a prospect is beneficial, since it can invest trusted money and receive profit from them. Also, he does not need to urgently withdraw funds from circulation, since the client will not request them ahead of time;
— a certain period. For the duration of the concluded agreement, the bank has the full right to use the invested money; 
— interest rate. The highest interest rates are characteristic term deposits, payouts on demand deposits are lower;
— insurance. Each deposit receives insurance, so in the event of a complete bankruptcy of the bank, its customers will still receive their funds back.
A common reason for opening a deposit is an effective investment of money in order to increase it. Also, such an account is suitable for those who wish to save a large amount, for example, or an apartment.
How to open a deposit?
Making a deposit is accompanied by opening an account. Moreover, even under the condition of capitalization, the deposit can exist without a current account. In this case, the accumulated interest will simply be added to the deposit amount. Also, the bank can link a current account to the deposit, where interest will be regularly accrued.
To open a deposit, you just need to come to any branch of the bank and make a request. After registration, the client's money will be automatically credited to his account, and it will be impossible to use them during the period established by the agreement. Upon closing the deposit, the bank will transfer the funds to the client's current account or issue cash at the cash desk.
How is a deposit account different from a current account?
The main difference between a deposit and a current account is the possibility of using the latter for transfers, payment for purchases and other operations. In this case, the deposit and the current account can exist in parallel. Moreover, a client can open several deposit and current accounts in one bank for each currency.
A checking account is a "place" for storing the depositor's funds. The money in such a deposit is available for use at any time, so the interest rate on such an account is not particularly high. A deposit account, in turn, does not provide such an opportunity. The owner of the deposit receives more high percent for having completely entrusted his savings to the bank. In addition, the percentage term deposit can be capitalized by receiving it as an advance each month or quarter. 
Thus, every month the investor receives at his disposal a percentage of the invested funds. On the other hand, interest payments can be added to the "body" of the deposit. The amount of periodic payments in this case will increase over time.
A deposit account is an account opened with a bank by an individual or legal entity for a specified period. The bank charges interest on such funds. The interest rate is negotiated upon opening an account and depends on the following conditions: the validity of the account, the amount, the period of conservation of funds.
The main advantage and essence of a deposit account is the increased interest rate on the amount of the deposit. The main purpose of such an account is to invest and save free cash.
The interest rate on the deposit is often close to the inflation rate, which means that the invested amount will not decrease over the years from inflationary costs. And brings the account holder a small or large income, depending on the amount of the deposit.
Features of a deposit
The bank presents the depositor with one condition - it is possible to withdraw money from the account only after a predetermined period. The bank will not issue money ahead of time or will issue it, but with losses for the depositor. Funds for deposit account cannot be used for everyday spending.
Are you interested in deposits with monthly interest payments? You will find all information
It is important to know that a deposit implies giving the bank some valuable property and profit from it. Such property may be cash, different types currencies, securities, stocks, jewelry, precious metals. Not all banks go for transactions with valuable things.
Usage safe deposit box, as a place to store your valuables, without generating income, also corresponds to the concept of a deposit. Sometimes socialists use the term depositary in this case.
Is it profitable to invest in deposits, see this video:
The deposit in the bank is carried out only in the form of a cash deposit. Deposits can be opened both in national currency and in foreign.
Binary options are the new kind earnings, and how to make money in this way - find out in the article.
More than low interest. The terms of the deposit are negotiated in advance, before the signing of the contract. The depositor, depending on the terms of the deposit agreement, has the opportunity to more freely dispose of his own funds.
Difference between a deposit account and a current account
It is customary to distinguish three types of accounts possible to open in banking institutions: current, deposit and settlement. A deposit account is an account opened with a bank under certain conditions. Funds cannot be withdrawn and replenished before the expiration of a certain time.
Current account - does not restrict the owner to access his funds at any time. Money from the account can be used for any purpose. Such an account does not generate income for its owner. If the account implies the accrual of interest on the funds in the account, then this is the minimum rate, sometimes we can talk about hundredths of a percent.
Savings bank account
The savings account is not a deposit account. The accrued interest depends on the amount of the contribution. This type of account leaves the possibility of free access to funds. Funds can be placed, for example, only for one month; unlike a deposit account, such an account does not have a limitation on validity, and without a statement from the depositor about the desire to close the account, the service agreement will be extended.
Got money but you need it soon? Then open how to do it you will learn from the link.
Unlike funds in an insured account, savings account funds are not insured, which means that in case of unexpected problems with financial solvency bank, it will not be possible to return the funds to the account holder.
Programs offered by banks can be downloaded
Types of bank deposits
| Type of deposit | Placement period | Currency | Partial withdrawal | Possibility to replenish the deposit | Interest rate, average for banks |
| Poste restante | not limited | rubles | there is no partial withdrawal of funds, but the account can be closed at the written request of the account holder | No | 0,1-1% |
| Urgent: | rubles | — | — | — | |
| savings | term is specified in the contract | rubles | No | No | high stakes |
| cumulative | term is specified in the contract | rubles | No | Yes | average rates |
| settlement | term is specified in the contract | rubles | Yes | Yes | low rates |
| Conditional | — | — | payment is made in the event of an event prescribed by the contract | — | — |
| Multicurrency | — | a combination of different currencies is possible, with the establishment of each of its rates | — | — | — |
| Estimated | — | rubles | possibly up to a certain amount on the remainder | Yes | if you violate the terms of the contract, the rate is reduced |
| Specialized contributions are presented preferential categories citizens, under special conditions, negotiated individually | — | — | — | — | — |
How to keep savings
It is definitely not worth keeping your money at home in a dark corner. So they will depreciate every year, instead of working and generating income. A few viable options:
Bank deposits in parts corresponding to the amount of insurance. If the amount is small, then big income it will not bring, but the interest rate will most likely cover the inflation rate. Transfer rubles to foreign currency. The best option is to evenly distribute your available funds and invest in different currencies, so the chances of going bankrupt are reduced.
Investing in gold - gold never loses its price, which means it is a profitable investment.
Stocks and securities - securities markets and stock exchanges, the structures are complex and quite serious in terms of understanding. You can get rich in one minute, or you can lose everything, but if you understand all the subtleties and devote a lot of time to this process, you can significantly increase your initial capital.
Is it possible to live off bank deposit, this video will tell:
How to open an account
In any bank, when opening a deposit, a specialist will need to submit:
- the passport;
- during the service military ID;
- If you have a pension certificate.
For legal entities scroll required documents much more extensive. Each bank independently designates a list of documents it needs, which will be reported during a visit to the institution.
Pros and cons of deposit accounts
The main advantage of deposits is an increased rate on the amount invested, and if this amount is significant, then the interest will make a good income. You can withdraw interest income both monthly and at a time when closing the deposit.
Examples of offers on deposits from Sberbank. The disadvantage is the limitation of the insured deposit amount, which means that in case of problems with the bank, funds in excess of the insured amount can no longer be returned.
You can withdraw funds without loss only after the deposit is closed, if you miss this moment, the contract is extended and you can use the money at your discretion, you won’t be able to lose it, or you will have to leave it in the bank for another full term.
Keeping your money on deposit convenient way, but only with a large initial amount can bring a tangible income.
