What is a savings and certificates of deposit?

certificates of deposit " COIN SECURITY GROUP"



On the day for today's world, most banks offer savings certificates to its clients - individuals.
But let's understand what a savings certificate? Savings Certificate - is a security, under which its owner has the right at the end of the period specified in the certificate to get their money equal to the value of the certificate plus interest on the certificate.

 



certificates of deposit

There are two types of Savings Certificates: Registered or bearer. By name as certificates of deposit and savings are. Certificates of deposit are generally issued to legal entities, and savings in svolyu all individuals.
Owner of a savings certificate can be an ordinary person as a resident and non resident. Purchase savings certificate can be both for cash and for the money that is saved in the bank because of the contribution.
Form of savings certificate has several protective fragments and made it to the printer.
Form on which the certificate must be made following information:
1) The very name of the certificate (or a savings or deposit);
2) The date of the deposit or deposit;
3) The amount which was included in the deposit or contribution;
4) The obligation under which the bank agrees to return after the expiration of depositing the sum or value;
5) The interest rate on the deposit or deposit;
6) The amount of interest that the certificate holder to receive upon expiration;
7) The legal address and name of the bank issuing the savings certificate;
8) If the certificate name, the name must be the name and patronymic of the certificate owner.