There are several ways to store a financial reserve: deposits and accounts, debit cards, cash. We are not talking about investing in securities and other high-risk assets, because money should always be accessible. When choosing an instrument, you need to pay attention to its liquidity, security and profitability, which should at least protect savings from inflation.
This option is suitable for long-term storage of cash reserves. Bankdeposits and accountsare considered the most reliable instrument, because even if a financial institution is declared bankrupt, depositors will be able to receive insurance compensation of up to 1.4 million rubles.
A bank deposit will bring a fixed income sufficient to cover inflation losses. In order not to lose interest when closing an account early, you can open expense-replenishable deposits. In this case, you can withdraw money from the deposit to the card at any time without losing the accrued income through your personal account or mobile application.
Savings accounts, like replenishable deposits, allow you to slovenia mobile database withdraw money without any problems. The only downside is that the bank has the right to adjust the interest rate, so the income on the account may be lower than expected.
Debit card
Another convenient tool for storing savings isdebit cardswith interest on the balance. They work similar to savings accounts, but with simplified access to money.
However, this option should not be used by people with low financial discipline: easy access to savings can encourage the cardholder to spend money more freely. From a security point of view, this method also has disadvantages: fraudsters can gain access to debit cards.
Cash
In times of crisis, cash is the most common way to keep a safety cushion. It is always at hand, it has the highest level of liquidity. The owner of cash does not depend on the internal regulations of the bank, possible technical failures in the application and personal account.
A serious drawback of this option is the risk of losing assets due to theft or accelerated inflation. Cash does not generate any income and can simply be lost or destroyed during emergencies.