One form of time deposits are certificates

Certificates of deposit and savings are. Certificates of deposit provided legal. A savings - individuals. Certificate - this is a security that can be used by its owner as a means of payment and to have treatment in the stock market. Certificates have a significant advantage over fixed-term deposits, deposit agreements furnished. Due to the secondary market certificate (except one) may be prematurely sold by the owner to another person (includes a profit for the storage time) and no change in this resource bank, while the early withdrawal of term deposit means the owner for his loss of profit, but for bank - the loss of resources. Commercial banks can attract free money businesses and individuals by means of bank notes Category: Management Operations Commercial Bank