The deposit agreement is a private agreement whereby the parties agree to a booking fee for the sale of the property and pay the agreed amount. That is part of the preliminary contracts, because what is contractually agreed is the obligation to sign a private sales contract in the future, as we mentioned in the previous point. In addition, when using the deposit contract, it is taken into account that the contract may be terminated by the termination of the contract or that the seller is legally obliged to return double the amount received. There are two types of filings: demand and time. A debt deposit is a traditional bank and savings account. You can withdraw money from a debt account at any time. The most significant risks associated with bank deposits are the risk of interest rates and liquidity. If interest rates fall, there may be more contractual assets in bank deposits than the bank might be able to invest profitably. If interest rates rise, there may be fewer investments and more withdrawals, which leads the bank to maintain a large portion of the liquid funds. In addition, fixed-rate bank deposit contracts are vulnerable to inflation, for example the purchase of a five-year bank deposit contract excludes the possibility of higher returns if interest rates rise during the holding period. These risks increase the overall risk of the bank itself, which is why auditors assess the financing of bank deposits and banking policies and practices related to the banking activity of bank deposits. 6.1. If the specific part of the agreement contains an automatic renewal clause, the agreement is automatically extended, without any specific notice, at the end of the filing period indicated in the section of the agreement, for the same period as before.
If the bank does not accept deposits for this period at the time of automatic renewal, the bank has the right to extend the contract by the time the bank accepts deposits or not to apply an automatic extension of the agreement. 6.2. In particular part of the agreement, the applicant has the right to choose what is considered a deposit amount after automatic renewal: (i) the sum of the deposit amount indicated in particular in the part of the agreement and the interest incurred and payable until the date of the renewal of the agreement, or (ii) the amount of the deposit indicated in the special part of the contract.