Difference between free deposit accounts and term deposit accounts

Bound or free? the deposit account in the analysis. The best solutions to secure our savings.

In the wide panorama of saving solutions, the method chosen by the consumer is more and more the deposit account, which the banks are now saturated with proposals. The two big differences are between free savings account and deposit account.

The main difference is clarified already by its name, the deposit account is a deposit of the amount that we know a priori that will never be touched, and that we definitely do not need a period of time that can vary from a few months to two years. We need to be sure you are never in need of sum constrained because there is the possibility of total or partial release of the amount, or at least there is a chance with the payment of the penalty recession contract early, and even the non-payment of interest accrued and agreed in the conclusion of a deposit account.

The free savings account instead of the possibility of total or partial release of the sum made savings by the consumer, and the subsequent payment of the interest agreed upon in the conclusion of the contract, accrued up to the time of the withdrawal of the amount.

Surely it is more appropriate for the period of severe crisis the free savings account, but the difference lies in the lower interest rates that are applied to the account.

15/04/2013

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Translated via software

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Source:

Italian version of CercaGeometra.it