Deposit Products

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Definition

Deposit products consist of a wide variety of financial products whereby clients deliver (deposit) funds (in cash or digitally) with a financial institution and may earn a financial return depending on the deposit type and duration.

Deposit Types

Sight deposits are deposits legally redeemable immediately at demand without penalties and restrictions
Regulated zero rate deposits for which the interest rate of zero borne on deposits is legally mandated
Non-regulated zero rate deposits for which there is no legally binding provision that forces the interest to be equal to zero
Term deposits are deposits which are not sight deposits, i.e. deposits with a notification period for withdrawal