Modern financial institutions offer the public many ways to store funds. One of them is the demand deposit of Sberbank of Russia. In many ways, it is similar to standard card products, that is, you can withdraw or deposit money at almost any time. But there are serious differences. For example, this can be done only at a branch of this organization, but not at an ATM.
Definition
A demand deposit of Sberbank of Russia is actually a regular personal account to which you can deposit amounts in the selected currency. For example, if it was opened in rubles, then you can put there only them, but not US dollars. To do this, you will have to open another account.
Such a financial instrument as a demand deposit of Sberbank of Russia allows you to store money in large quantities and not worry about their safety. Moreover, card products that provide the same benefits and are much more convenient to use have one significant minus: you can withdraw money from them or pay for purchases almost everywhere. With the score, this option will not work. So, if it’s difficult to control your own expenses, this is the best option for storing funds.
Interest rate
It should be understood that this product is not a deposit. The rate on demand deposits of Sberbank of Russia is only 0.1%. This is almost a complete zero, since it will be difficult to find a special difference even with serious amounts and long storage periods. The fact that the accrual is made once a quarter does not play a special role in this case. The logic of such a parameter is quite understandable and quite simple. A regular deposit, at which the interest rate is already much higher, actually blocks the funds in the account for the entire term of the deposit. This allows the bank to dispose of them at its discretion and make a profit, part of which the owner of such an account also receives.
The main feature here is that you can’t just come and take your deposit. More precisely, you can, but all percentages will be lost, so it makes sense to do it only in the most critical situations. But the practically absent interest rate of demand deposits of Sberbank of Russia allows you to come to the branch at any time and take exactly as much money as you need. At the same time, the bank cannot fully dispose of them, because no one knows when exactly the owner can come.
Allowed Amounts
The maximum amount that can be placed on demand deposits of Sberbank of Russia is not limited to this financial institution. However, there should always be a small amount of funds in the account, otherwise it will be closed. This is the amount of 10 rubles, 5 US dollars and so on. This is just a small guarantee that the user still needs this contribution, and he will come back sooner or later. That is, the account holder has the right to deposit and withdraw any amount that he wishes. Of course, only if they are.
However, he must always leave a minimum balance, without which the contribution will simply be closed. This financial institution works with an extensive selection of currencies and, in addition to standard rubles, euros or dollars, allows you to open accounts in yens, crowns, francs or pounds.
Registration
Unlike loans, it is much easier to open deposits, and a huge number of various documents are not required. Here the meaning is also quite simple.If, in the case of a loan, the bank needs to make sure and be sure of exactly where it gives money, what, what the security is and when the return will be made, then everything is not so with deposits. A financial institution, in fact, doesn’t care exactly who brought the funds. All identification and the contract are drawn up primarily for the client, so that he can, having presented them, return everything that was invested.
Thus, you need to perform the following steps:
- Contact any suitable branch of Sberbank. It can be either near work or near the house - everything is at the discretion of the client.
- Announce to the manager that you want to open a demand deposit with Sberbank of Russia.
- Present the documents (passport or any other paper by which it is possible to identify the identity of the client). The manager will pick them up for a while and make copies (they will need to be certified later). This should not be feared, as such is standard practice. The main thing is to check the availability of all documents before leaving and not to forget anything anywhere.
- A bank employee will print out to you a standard contract form accepted from them. As a rule, there is nothing special in this document, but just in case, it should be carefully studied, and then signed.
- Pay the amount to the cashier, making sure that it is directed exactly to your account (its number on the receipt must match what is written in the contract).
Everything, from this moment on, you can come to this department at any time and withdraw money (or put it into your account additionally).
Early dissolution
On the website of Sberbank itself it is written quite confusing, and you can get confused. But in fact, there is nothing difficult to terminate. Given the fact that you can withdraw money at any time (in fact, that is why this product is called a demand deposit in Sberbank of Russia), interest is still accrued at the time of such an operation. That is, only the minimum balance remains, which is small enough to worry about him. But in the most extreme case, you can remove it, however, you will have to close the account, but no one will interfere with opening it again, a little later.
Other conditions
There is one more thing to be said. So, the conditions of demand deposits of Sberbank of Russia imply some restrictions. For example, you can create an account in absolutely all branches exclusively in rubles, euros or US dollars. But they do not work with other currencies everywhere. This information should be clarified with the employees of the financial institution separately, depending on the place of residence and other factors.
In addition, Sberbank offers additional features. So, simultaneously with the opening of the deposit, a power of attorney can be made so that not only the owner directly, but also other persons have access to the account. Of course, if required. It is also possible to make a will. The account in such a situation immediately after the death of the user will become the property of another person specified in this document. Of course, I don’t even want to assume such an outcome, but if there is an opportunity, then why not play it safe?
Conclusion
Demand deposits are not very popular. They are much more inconvenient than ordinary card accounts and do not give passive income, like a deposit. Namely, the last two products are preferred by most individuals. At the same time, there is nothing better if you need to store a large amount for a sufficiently long time, but there is no way to guess when it may be required.