What are the ways to save money?

Bank deposits mainly include the following types:

Demand deposit: demand deposit 1 yuan deposit, with unlimited maturity. Customers can deposit and withdraw cash at any time with their bank cards or passbooks and reserved passwords.

Time deposit: Time deposit is a kind of deposit in which the bank and the depositor agree on the deposit term and interest rate and withdraw the principal and interest after maturity. However, it can be withdrawn in advance, but if it is withdrawn in advance, the interest on part of the withdrawn funds can only be calculated according to the current interest rate.

Agreement deposit: the object of agreement deposit is corporate customers, and its function is equivalent to demand deposit, but its income is much higher than demand deposit.

Call deposit: Call deposit is a deposit with a fixed term, but depositors must notify the bank in advance when withdrawing money.

Deposit refers to the depositor's temporary transfer or deposit of funds or currency in banks or other financial institutions, or the temporary transfer of the right to use funds or currency to banks or other financial institutions. It is the most basic and important financial behavior or activity and the most important source of credit funds for banks.

Deposit is one of the most basic businesses of banks. Without deposits, there would be no loans, and there would be no banks. In terms of time, deposits are earlier than banks. In the Tang Dynasty, a special counter for receiving and keeping money appeared in China, where depositors could withdraw money with "stickers" similar to checks or other tokens.

Money changers in medieval Europe also accepted customers' deposits, which belonged to the nature of currency custody and did not pay interest, which was the bud of foreign bank deposit business. With the emergence of banks and other financial institutions, the deposit business of banks has developed rapidly.

The deposit interest rate refers to the currency that the customer deposits into the bank account according to the agreed conditions, and the interest amount is the interest rate of the loan amount, that is, the principal, within a certain period. There are current interest rates and fixed interest rates, and there are annual/monthly/daily interest rates.

time deposit

It refers to the deposit that the depositor can only withdraw money on the specified date after the deposit or must notify the bank a few days before the withdrawal. The term can range from 3 months to 5 years, 10 years or longer. Generally speaking, the longer the deposit term, the higher the interest rate. Traditional time deposits include not only certificates of deposit, but also passbooks, also called passbook time deposits. However, 90 days is the basic interest-bearing days, and no interest will be calculated after 90 days. Compared with demand deposits, time deposits are more stable and have lower operating costs, and the deposit reserve ratio held by commercial banks is correspondingly lower. Therefore, the capital utilization rate of time deposits is often higher than that of demand deposits. .

Time deposit is a kind of deposit in which the bank and the depositor agree on the term and interest rate in advance at the time of deposit and withdraw the principal and interest after maturity. Time deposits are used to settle accounts or withdraw cash from time deposit accounts. If customers need funds temporarily, they can apply for early withdrawal or partial early withdrawal.

Demand deposit refers to a kind of bank deposit that depositors can deposit and withdraw at any time without prior notice. Its forms include checking account, certified check, promissory note, traveler's check and letter of credit. Demand deposits account for the largest part of a country's money supply and are also an important source of funds for commercial banks.

In view of the fact that demand deposits not only have the functions of monetary payment and circulation means, but also have strong derivative ability, commercial banks must take demand deposits as the focus of their operations at any time. However, due to frequent deposit and withdrawal, complicated procedures and high cost, commercial banks in western countries generally do not pay interest, and sometimes even charge a certain handling fee.