FAQ > General questions

How does Deposit Planet make money?


Our main source of income is the difference between the term deposit interest we receive from the banks and the interest we offer our savers. This revenue mainly covers our costs related to securing our savers against negative exchange rate movements and also enables us to provide our services free of charge to you. With us, you will not pay for opening an account, opening a term deposit, withdrawals or any annual service fees.


What is Deposit Planet?

Deposit Planet is the first global online marketplace for term deposits.

How does Deposit Planet work?

Deposit Planet is the first global online marketplace for term deposits.

Who can save through Deposit Planet?

At the moment, only individuals can save with us.

What is the cost of using Deposit Planet?

Saving through us is free of charge

How do I create an account?

To start using our service you need to download our app and pass our simple registration procedure. This should not take more than a couple of minutes.

ID verification - what do I need?

We are an important link between you and your chosen bank. So, we need to assure them that we follow stringent banking regulations known as Know Your Customer (KYC).