Disadvantages: to achieve maximum profitability you must meet different requirements. Guaranteed or fixed term deposits the Deposit term is the product of more traditional savings of financial institutions. His mechanics are very simple: deposit a certain amount of money that you can not withdraw before a certain date (may be months or years). At the end of this period the Bank or box returns you the amount that you have entered, most interest rates that can reach 5% If you hire a long term deposit. You can give this profitability in cash or in the form of gift (a TV, a mixer, etc.) Most offer the possibility of withdrawing the money before if you need it, but in this case you will lose much of the profitability. Advantages: they are simple, all entities offer them and give you an interesting profitability. Disadvantages: you can not have the money invested and interest is paid at maturity.
Mixed or structured deposits this formula combines deposits secured with deposits of variable income. In this way, a portion of the money and/or interests is ensured and the other will depend on the behavior of the stock index to which are linked. It’s an appropriate choice to be sure to recoup some of the money and the time have the option to get a good return. However, these products have been controversial in recent years because some people hire them without understanding them and then discover that they may have losses. Advantages: they offer a good combination of protection and possibility of good profits.
Disadvantages: the operation can be somewhat complicated, make sure you understand them well. Recruitment of all bank deposits deposits require the signature of a contract in which the conditions are reflected. It is highly recommended that you read it carefully, because it is usual to advertising of these products only talk of the benefits, but the small letter contains important terms that you have in mind. Once you’ve hired the deposit, the financial institution will give you a document which indicates the owner of the deposit, the entity that manages it, the term and amount of taxation, interest rate and with How often are going to liquidate the yields (at maturity, annually, quarterly, monthly, etc.) Taxation of deposits interests that you get by the savings to put in a deposit you should always declare them to the Treasury, many banks of Spain considered this very important statement. They are subject to a retention of 19% for the furniture capital in fiscal revenues exceeding 6,000 euros and everything about pass this limit will go to 21%. The Bank usually hold you this money directly, but in any case you must include it in your next income tax return. Bank deposit which is better? According to all the experts advise, the wisest thing is always diversify your savings among various financial products: deposits guaranteed to ensure a share of the capital and deposits of variable or mixed income to take advantage of the possible increases in the bag. Some banks allow these bank deposits online. In any case, get well, compare and, if not you understand that are hiring not strong! Original author and source of the article