A deposit is a banking product, which is the easiest to open. Since you do not borrow from the bank, but, on the contrary, lend it your money for temporary use, all you need is a desire to open a deposit, an identity document, and an amount equal to or exceeding the minimum contribution. In this case, it is up to you to decide whether you trust the bank.
It is necessary
- - money;
- - passport.
Instructions
Step 1
Start by examining the deposits available at banks in your region. What matters are the interest rate, the possibility of replenishment, the procedure for calculating and paying interest, the term of placement, the conditions for full or partial withdrawal of money, the minimum amount, the possibility of replenishment and the minimum amount of the additional contribution.
Step 2
The general trend is that the more money you trust in the bank and the longer you choose the storage period for funds, the higher the interest rate. You can get basic information about the conditions for a deposit on the bank's website and in advertising materials. If they don't answer all your questions, visit the bank or call their call center.
Step 3
After the choice is made, contact the nearest branch of the selected bank. Tell the teller about your desire to place a deposit. For paperwork, show him your passport.
Step 4
As soon as the contract and other papers are ready, do not rush to sign them. Although credit agreements contain the main unpleasant surprises, the deposit can have its own pitfalls. Pay special attention to footnotes, notes, small print. If something is not clear, ask for an explanation. Pay special attention to the procedure for refunding money, accrual and capitalization (if any) of interest.
Step 5
After signing all the papers, deposit the money at the bank's cash desk. In some cases, it is possible to transfer the amount to a deposit by transferring from an account in the same bank or from a third-party credit institution, there may be other options - for example, through a payment terminal. In all cases of involving intermediaries, please note that their services also cost money, and the amount specified in the contract must be transferred to your deposit account. So you will have to part not only with it, but also with the transfer commission.
