At the moment when a person appearsfree money, he wants not only to save them, but also to increase them. Now we will talk about what is the certificate of Sberbank and what is its difference from deposits.
So, this is a security that isA reliable tool for saving funds. The certificate verifies the amount that an individual has deposited into an account with Sberbank. The owner of the paper, after a certain period, can withdraw his money with the interest calculated on them.
What is the savings certificate from Sberbank different from a simple deposit?
The main difference between the certificate and thethe contribution is that in the first case there is no need to open an account for a particular person, since this security is issued to the bearer. Thus, the owner who received a savings certificate, Sberbank gives the opportunity to give it, sell it, buy it or give it to the estate without any problems. You can also use it as a payment document.
Benefits of buying a certificate
Among the advantages that the Sberbank certificate has, one can distinguish:
2. Money in a savings certificate can be saved for a long time, and also presented for payment at any convenient time before the end of the contract.
3. Mobile use. A certificate can be donated or sold at any time, while getting the full amount in your hands.
4.The certificate of the Savings Bank can be cashed by any person holding securities and a document that proves the identity, therefore it is not required to issue a power of attorney or to independently apply to the bank. But it's worthwhile to be careful, as fraudsters can cash out the certificate. Paper should be given only to someone you really trust.
5. The certificate of the Savings Bank has a protection, which is more like the protection of banknotes, so you can without fear of saving your own savings in this form.
6. The maximum amount here is practically unlimited. The certificate of the Savings Bank can have a nominal value of up to 8 million. Also, the funds can be saved from 3 months to 3 years.
Certificates still have several significant drawbacks:
1.The minimum amount for the purchase of the certificate is 10 thousand rubles. Paper can be purchased, but not cashed. If required, the money can be returned in full before the end of the term, but the interest rate will be 0.01 percent, as for the deposit "On Demand". As for the certificates, the rate will be floating.
2. The certificate can not be renewed as deposits. Therefore, it is possible to use the terms for such securities only if the funds are completely removed from them and the security is purchased again.
3. Another disadvantage is that certificates are not subject to insurance. Therefore, if the company goes bankrupt, damages can be paid only in the order of the queue.
4.Interest is calculated only at the very end of the term, while the deposits have capitalization and placement of their funds at a higher rate, that is, by transferring from one deposit to another.
Before you purchase a savings certificate, it is worth deciding for yourself how much the advantages outweigh the shortcomings.