More and more active citizens are dealing with banks for various purposes. Some receive wages, others take out loans, and others invest their accumulated savings.
The most popular banking product, apart from credit, is a deposit in national and foreign currencies. Perhaps every potential depositor is deeply afraid of the bankruptcy declaration of the bank with the subsequent revocation of the license. In such cases, doubts arise: what will happen to the money and will it be returned back? Such caution leads to a more careful choice of a bank that is distinguished by reliability and stability. One of these banks is Sberbank.
When giving your savings to any bank, you should make sure of its reliability.
Sberbank
Sberbank is one of the largest and oldest commercial banks in the Russian Federation. The bank has a very high level of reliability thanks to its multibillion-dollar assets. Sberbank provides a wide range of banking services for individuals and legal entities, and is the leader in the country in terms of the number of loans issued, as well as attracted funds through deposits. Sberbank provides brokerage services; here you can also buy securities, gold, silver and platinum coins. The bank has the largest branch network throughout Russia.
Compulsory deposit insurance system
Since December 2003, the law obliged banks to participate in the deposit insurance system. Thus, funds on any deposit, account, bank card will be automatically guaranteed to be returned to an individual.
It is worth noting that there are several restrictions, observing which, you can not panic in case the bank's license is revoked. Firstly, it is worth remembering that the amount insured is within 700,000 rubles in one bank. That is, if you really want to invest a million rubles, then it is better to take some of the money to another bank. The second rule: it is important to remember exactly which banking products are insured. Currently, regardless of citizenship, the following are subject to return:
- term deposits, demand deposits, foreign currency deposits;
- current accounts used for settlements with bank cards, for receiving salaries, pensions and scholarships.
Other banking products are not insured. For example, bearer deposits, money transferred to a bank in trust (for brokerage services), funds in unallocated metal accounts and other products.
Investment deposits are not insured, since all risks are a priori assumed by the investor.
It is possible to come and receive funds within 1-1.5 years, while the process of liquidation of a banking institution is being carried out.
Therefore, deposits do not need any additional insurance. As already noted, most banking institutions in Russia are insured by the state "Deposit Insurance Agency", which is the guarantor of an unconditional return of funds to the depositor, along with accrued interest, based on the actual period of the dearest savings in the deposit.
