In addition to the method and frequency of payments, deposits differ in other parameters. The benefit and efficiency of your investments depend on the combination of these parameters.
Possibility of replenishment
If the deposit is replenished, you can deposit money into the account during the entire term of the agreement. If the possibility of replenishment is not provided, then it is impossible to change the amount in the account during the term of the agreement.
By replenishing your account, you increase the deposit amount, which means you increase the interest payments. This is convenient if, for example, you want to regularly put aside part of your monthly income. However, replenishable programs may be less profitable, since the rate on them is usually lower than on deposits without the possibility of replenishment.
There are also deposits that can be replenished for a finland mobile database limited period. An example is the program "Lucky coin!» Sinara Bank:
total investment period 1080 days,
replenishment is available for 90 days.
Possibility of removal
Deposits without the possibility of withdrawal "freeze" the money for the entire term of the agreement. If necessary, you can, of course, withdraw the funds, but in this case you will lose interest income.
Withdrawal programs are less common and have a lower rate. If you want to keep money in a bank, earn interest income, and at the same time freely dispose of funds, then it is better to choose not a deposit, but a savings account.
For example, you can open a savings account at Bank Sinara.Heading for a Dream» under the following conditions:
rate up to #rate#7353#/rate# per annum,
monthly payments,
the amount and term are not limited,
replenishment and withdrawal - without restrictions.
Possibility of extension
Extension is the extension of the agreement after its expiration. The terms of the extension may remain the same as the original agreement or may change depending on the bank's policy.
Pros and cons of capitalization
Capitalization of interest allows you to receive higher income due to automatic growth of the deposit body. Let's illustrate with an example.
Depositor Alexey deposited 100,000 ₽ for 12 months at 10% per annum on a deposit without capitalization. Depositor Dmitry deposited the same amount under the same conditions on a deposit with capitalization and monthly payments.