Glossary Bank deposits
Posted on Nov 25, 2000 08:15:27 AM
Bank – financial institution, an institution that produces various types of operations with money and securities and provides financial services to the government, businesses, citizens and each other.
How the Mutual Fund
Posted on Nov 14, 2000 08:15:27 AM
For the investor not prone to risk much, but at the same time seeking to earn income on their investments, one of the alternatives to bank deposits may be mutual funds (PIFs). As we have repeatedly noticed a bank deposit is generally low-yielding instrument. According to Russian Economic Society, the average rate on deposits of individuals in credit institutions (other than deposits “on demand”) in 2003, for example, amounted to 10.47%, ie 5.23% for six months. But inflation for the same period – 6,1%. In other words, the real return on deposits received an empty bit, but negative: it “ate” inflation. At the same time the stock market at the same point in time they would get real income.
How to open a deposit
Posted on Nov 6, 2000 08:15:27 AM
What documents should have to open a contribution: it is enough to carry an identity document (most often – is a passport). If you open a special contribution, intended for certain categories of customers (for example, for students, retirees, veterans, workers of any industry or enterprise) – to be sure you require a document confirming your membership in this category – for example, pension certificate or student card.
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What is the deposit and savings banks in operation
Posted on Oct 12, 2000 08:15:27 AM
Implementation of bank deposit and savings operations associated with the opening of deposit and savings accounts.
Deposit (savings) account – an account that is taken into account the customer’s funds, loaned to the bank.