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What is a bank deposit?

coinsMoney placed into a banking institution for safekeeping. Bank deposits are made to deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw any deposited funds, as set forth in the terms and conditions of the account. The “deposit” itself is a liability owed by the bank to the depositor (the person or entity that made the deposit), and refers to this liability rather than to the actual funds that are deposited.

Bank accounts, this can be with high end private banks or with high interest savings accounts. OLIESERVE can help with banks across the globe and with some of the biggest names in banking such as Standard Chartered, City Bank, Bank of Singapore, HSBC and many others. This is normally dealing with medium to high investment amounts and can be considered low risk investment, with a medium to long term time frame. Contact us for more information about Bank deposits and visit out banks page.