First, due to the diversification of investment methods in the capital market, investors' deposits are no longer a single bank, and insurance companies can also exist, but the difference between insurance deposits and bank deposits lies in:
1. Different issuers: insurance depository means that investors put their funds in insurance companies; And bank deposit is to put money in the bank;
2. Different term: the term of insurance deposit is generally long-term, such as 3 years, 5 years, 10 years; But banks regularly have long-term and short-term. For example: 1 month, 3 months, 1 year, 3 years, and the longest one will not exceed 5 years.
3. The loss of early withdrawal is different: since the insurance deposit is signed by the insurance contract agreement, it is assumed that it has been deposited for 5 years, but it has not yet expired. If the investor withdraws in advance, it will not only lose interest, but also lose the principal. The specific loss depends on the contract; However, if it is withdrawn in advance on a regular basis, the unexpired portion of the early withdrawal shall bear interest according to the current period.
4. Different income: Generally speaking, the income of insurance deposits is higher than that of bank deposits, mainly because the deposit period of insurance deposits is longer.
Two, bank deposits are the monetary funds deposited by enterprises in banks or other financial institutions. According to business needs, enterprises open accounts in local banks, and use the opened accounts to handle deposits, withdrawals and various income and expenditure transfers.
The correct opening and use of bank accounts is the basis of fund settlement. Only when an enterprise opens a deposit account in a bank can it settle accounts with other units through the bank and handle the receipt and payment of funds. Enterprises should open and use deposit accounts in banks according to regulations.
The Measures for the Administration of Bank Accounts divides the deposit accounts of enterprises and institutions into four categories, namely, basic deposit account, general deposit accounts, temporary deposit accounts and special deposit accounts.
General enterprises and institutions can only choose one business institution of a bank to open a basic deposit account, which is mainly used for daily transfer settlement and cash receipt and payment. Enterprises and institutions can only withdraw wages, funds and other cash through this account. Enterprises and institutions can open general deposit accounts in other banks' business institutions, handle transfer settlement, deposit cash, but cannot withdraw cash. Temporary deposit account is an account that depositors need to open for temporary business activities such as product exhibition in different places and temporary purchase of funds.