Deposit accounts: what they are, as they are safe, which returns guarantee, what to be careful, as they are taxed
Choose the Best Deposit Account
Among the many financial products offered by banks stands the deposit account, a current account particular, which allows the customer to invest a sum of money in an easy, free and absolutely safe.
This type of account, in fact, is among the best ways of low-risk investment, such as a traditional current account, which does not ensure interest rates so high.
The deposit account, so it can be considered as a form of investment (or savings) which guarantees a return at no additional cost.
The deposit account is only enabled for the deposit or withdrawal of money.
This condition, that is, the deposit of sums of money into the account, enables banks to offer their customers interest rates (lending rates) higher than a normal bank account.
Characteristics to be assessed to choose the Best Deposit Account.
In some cases, thanks to the frequent promotions, conditions are very advantageous offering to the customer:
attractive interest rates applied;
cost of opening and maintaining an account free storage;
stamp duty free.
To open a deposit account must be the holder of a traditional current account that will act as support to move the money to be deposited and to receive the amounts to be levied; normally these two operations are performed by bank transfer.
Riassiumiamo the merits for the best savings account
To summarize, we can say that today, the deposit account turns out to be a good form of investment with unique characteristics that make it attractive to a wider clientele thanks for example to the fact that
costs without opening or closing
protected by the Deposit Protection Fund
with guaranteed performance and confident from the start of the deposit
with a high yield
with possibility for the customer to choose between deposit and time deposit free
Taxes and stamp duties
Another aspect is that involving the cost of financial product: all of these types of investments require a fee equal to 20% of yield, which should be added the stamp duty. The latter in 2013 increased from 0.10% to 0.15% (with a minimum of € 34,20) and, above all, it was once almost always paid by the bank, but today the majority of cases it is charged to the customer.
Deposit free or fixed deposit?
One thing on which we do not devote sufficient attention is the nature of the account: not releasable and free. If the first in fact make more, it's also true that they are in effect blocked and that if you need to collect in advance the amount deposited is likely at best to get it back as such and in the worst of having to pay a penalty or be told no. Before opting for a deposit account is not releasable therefore be appropriate to consider whether we can certainly set aside a given amount for a certain period of time, otherwise it's better to choose one free or, at least, to inquire if it is not releasable tout court or if it involves an out clause (and in the case as expensive).
Protection and Return on deposit account
The bank, at the time of deposit of money, immediately gives the customer the final performance thereby fulfilling the obligation imposed dell'aderire Fund Interbank Deposit Protection.
This in clarification that deposit accounts are governed by Italian law. The savers are protected from the bottom Interbank deposits, which in the case in which the bank was insolvent guarantees a full refund up to € 100,000 per accountholder.
The deposit account is different from the traditional current account because, in general, do not have all the banking services of the latter so it is not possible for example to withdraw money with an ATM, make or receive wire transfers.
03/03/2013
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Translated via software
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Source:
Italian version of ReteArchitetti.it