Fingram 2024-12-26 0
Difference between savings and deposits
Dear friends!
Did you know that deposits and savings are fundamentally different from each other?
We would like to inform you that savings is money and other valuables of individuals and legal entities transferred to credit organisations for safekeeping.
And a deposit is money transferred to credit organisations with the right of temporary use on the terms of payment of a certain interest.
That is, if you place a deposit, you transfer money to a financial credit organisation for safekeeping. And if you open a savings account, the credit organisation pays you a certain interest for the use of these funds.
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