What is the significance of savings? What are the bank deposit options?

Savings deposit refers to a deposit set up for individual residents to accumulate monetary assets and earn interest. Savings deposits can basically be categorized into two types: demand and time deposits. Although demand savings deposits can be withdrawn at any time, the withdrawal certificate - passbook can not be circulated and transferred, and can not be overdrawn. Traditional fixed-term savings deposits are generally limited to individuals and non-profit organizations, and if you want to withdraw, you must notify the bank seven days in advance, while the passbook can not be circulated and discounted.

Currently, the major domestic banks are mainly divided into the following deposit methods:

1, whole deposit and withdrawal: 3 months, half a year, 1 year, 2 years, 3 years, 5 years and so on several kinds of a deposit of a sum of money, once the maturity of a capital interest, the longer the period the higher the interest rate. The longer the term, the higher the interest. You can withdraw the money in advance if it is not due, but the interest will be calculated according to the demand deposit instead.

2, zero deposit: 1 year, 3 years, 5 years, 3 grades, a fixed amount of money each month, the maturity of a capital interest.

3, the deposit of interest: the same grade, a deposit of a sum of money, and then receive interest month by month, the maturity of the principal.

4, "large denomination": is a fixed deposit, named or unnamed, can not be withdrawn in advance, the interest rate is higher than the whole deposit.

5, demand deposits: at any time to save can be taken, the lowest interest.

6, "notice savings": 3 months, 4 months, 5 months, 6 months point month, 1 year, 2 years, 3 years and other periods, the period of time when the deposit is not fixed, the withdrawal of the actual period of time to pay varying degrees of interest.