It is formed on the basis of the total amount of incoming funds. If you are looking for financial institution With high rates, thanks to the ranking you can choose the right one. Based on the information provided, you will be able to choose the best offers for profitability and interest rates.
Russia on deposits is formed according to the data of the Central Bank of the Russian Federation. The analysis also takes place on other indicators:
For the Central Bank of Russia, the main indicator is the size of the equity capital of the institution. The more funds, the less likely it will be declared insolvent.
In 2020, the top best Russian banks in terms of deposits have not changed much. The higher the place in the list, the more confidence in this financial institution. Usually, the Central Bank of the Russian Federation publishes an official list that inspires the most confidence among people by:
The top best banks may vary depending on different indicators. Therefore, we regularly update information, offering customers only profitable offer.
The rating of banks for today is formed according to the reports provided by financial institutions. All companies included in the list are presented in our summary rating. Additionally, reliability can be assessed not only by bank deposits, but also by other indicators.
If we consider ranking by interest rates, the list may be different. When choosing, pay attention to the rating at the full cost of deposits. It includes surcharges, bonuses and other gifts for depositors.
Even in a difficult economic situation in 2020, there is an opportunity to invest money in such a way as to earn. One of the ways is to make a profitable deposit for individuals. But which of the most reliable banks in Russia today has the highest interest on deposits? The website agency experts analyzed the proposals of the country's largest banks, compiling an overview of deposits in rubles with favorable interest rates.
Deposits of individuals - a traditional way of investing money
There are many ways to invest in order to receive passive income. You can buy a currency and wait for it to rise in price, you can earn money on Forex, invest in a PAMM account, try to earn income by trading binary options and much more.
All these ways of making money bring fairly high profits, but they are also associated with a certain risk. Bank deposits of individuals today remain the most reliable and traditional way of investing savings in Russia.
Choosing the most profitable deposit: what to look for
When choosing a bank to entrust money to, depositors, as a rule, pay attention to at least two parameters:
It can be quite difficult to combine a high interest rate and sufficient bank reliability. Analysts of the agency website tried to do this by examining the conditions for deposits in Russian rubles for individuals in reliable banks.
Each bank has its own line of profitable deposits for individuals with unique conditions.
In order to somehow bring "to a common denominator" the parameters of contributions to different banks, we tried to find out what the highest interest rates in rubles are offered to those who intend to open a deposit today, in 2020.
For the purity of the experiment, we compared the rates in the largest Russian banks on deposits for a period of 12 months, since this is the most popular investment period. 1 million rubles was taken as the estimated amount. And they also tried to dismiss the so-called investment or complex proposals with the obligatory investment of money, insurance, mutual funds or shares. As a result, the following list was obtained (check the exact conditions and interest rates on deposits with banks).
The most profitable deposits in reliable Russian banks from the top 10
Credit Bank of Moscow
MEGA Online deposit
Replenishment / Without partial withdrawal / Without capitalization / Interest at the end of the term
Bank FK Otkritie
Deposit "Reliable"
Without replenishment / Without partial withdrawal / Capitalization / Accrual of interest at the end of the term.
Promsvyazbank
Deposit "My income"
No replenishment / No partial withdrawal / No capitalization / Interest at the end of the term.
Savings account deposit
Without replenishment / Without partial withdrawal / Capitalization / Interest accrual monthly.
Post-bank
Deposit "Capital"
Without replenishment / Without partial withdrawal / Capitalization / Interest monthly
Sberbank of Russia
Contribution "Save"
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Interest rate |
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Without replenishment / Without partial withdrawal / With capitalization / Calculation of interest monthly. Banks of Moscow >>
Today, Moscow banks offer a large number of different types of profitable deposits for individuals. But all of them can be divided into several groups:
✓ term deposits with the highest interest. By opening such a deposit, you give the bank your money for a certain period (3-6 months, 1 year or 3 years), and at this time you cannot take it back without losing interest or replenish your account.
✓ replenished deposits of individuals. By opening such a deposit, the depositor can save money by replenishing the account, and at the same time interest increases. However, it is impossible to withdraw funds from the account and not lose profitability.
✓ deposits with partial withdrawal of funds without loss of interest. Such deposits usually have the lowest interest rates. But they make it possible to withdraw part of the funds up to a pre-negotiated minimum balance, on the amount of which interest will be charged.
Of course, in any unforeseen situation, if you need money ahead of time the end of the deposit, you can always get them, but it will be a pity for the lost profit. So, when you are going to make a deposit in a bank, it is better to decide in advance when you will withdraw money so as not to lose income.
A bank deposit is an opportunity to earn interest by investing your money in a bank for a certain period of time. None of the programs can be called universal - a recipe profitable investment money for everyone and depends on the attitude of the depositor to the reliability of the bank, auto-prolongation, capitalization and other conditions. The best interest rates on deposits are usually associated with risks and some inconvenience for the depositor.
This page contains banks offering the highest interest rates on deposits. To get to know the best deals and programs in more detail, click the "Apply" button - you will be redirected to the bank's website.
Creditnatok is a service that allows you to select deposits with the highest interest rate or the most favorable terms, taking into account the variety of offers. Regardless of what matters to you - flexibility of conditions, availability of capitalization or maximum income - here you will find the highest interest rate on deposits in Moscow and will be able to profitably manage your money right now.
Offers that provide for the possibility of capitalization allow the most profitable investment. Income is accrued every month, and in the next period the interest is calculated on the new increased amount. Among the best profitable offers can also be distinguished:
Term deposits with the highest interest can also be found among foreign currency products: the interest rate here is lower than that of ruble deposits, but the option is very wide and flexible. You can open an account not only in dollars and euros, but also in other currencies.
Profitable deposits at a high percentage are easier to find in less promoted small banks. With an impeccable reputation big banks do not need the highest rates to attract investors - many of them choose reliability and stability instead fast money. Additional advantages - convenient Internet banking, bonus programs, availability of ATMs not only in Moscow, but even in small towns.
We have collected on this page the banks that offer the highest income and allow you to invest money profitably. You can choose a suitable bank according to several criteria: high income, term, deposit amount, currency. It should be remembered that a higher rate, exceeding the refinancing rate by 5 points, will entail the payment of a tax of 35% on the difference between the interest.
To find out more, click on the "Apply" button: get all the necessary information and fill out an application on the bank's website. Look for great deals with "Creditznatok"!
Reliable banks with high interest on deposits Glad to see you again! The other day King's new book came out, so I, as an avid reader, went to the store for a novelty.
Already when I approached the checkout, it turned out that the device did not want to punch through the coloring pages of one married couple.
While I was waiting for my turn to come, I witnessed the conversation of this couple.
The man intended to invest in a bank, but could not choose which one.
My wife could not advise anything decent, so I could not resist and got into the conversation.
Perhaps everyone who is thinking about investing money is looking for a deposit at a high percentage. It is the interest rate on the deposit that is the first criterion by which deposits are compared with each other. However, such a comparison would be incomplete.
It is also important to take into account such a factor as risk. As is known, State System deposit insurance guarantees each depositor of a bank participating in this system the safety of savings in the amount of up to 1,400,000 rubles. However, here is what a potential contributor needs to remember.
Warning!
Most reliable bank- this bank is not only large, but also the least risky. Lending institutions with the participation of the state are the least inclined to risk - and our people are used to trusting the state somewhat more than private business.
No wonder that it is the banks with state participation that lead the ratings in all respects, including the amount of funds attracted in deposits. In addition, the leading banks have a wide (Gazprombank, VTB24) or a very wide (Sberbank) network of branches throughout Russia - it is not surprising that they also “win” in terms of accessibility for depositors.
Therefore, people for whom such parameters are the main thing choose Sberbank, Gazprombank, Rosselkhozbank, VTB24 or VTB Bank of Moscow.
Private banks from the Top 50 are the choice of people who, more trusting in private capital, prefer a high return on deposits. The fact is that these banks vigorously issue loans under not the most small percentage, due to which they can attract deposits at a high percentage (higher than competitors with state participation).
Among the most popular banks in this group, one can mention Russian Standard Bank, NB Trust Bank, Home Credit and MTS Bank (places from 21st to 47th in the rating of Russian banks). Now let's look at what the banks mentioned above offer their depositors by the beginning of the new year, in December 2016.
Perhaps this is the first bank that almost every Russian will think about out of habit. Sberbank currently offers the following deposits:
Thus, it cannot be said that Sberbank attracts deposits at a high interest rate, because Sberbank's deposit rates are low. But the risks are low, the choice is wide, and the conditions are flexible.
It is possible to choose replenishable and non-replenishable deposits, with different interest payment schemes (at the end of the term, monthly, etc.), and the minimum amount (from 10 to 1000 rubles) is “on the shoulder” for any person.
This bank offers 10 deposits on various terms (we can say that they are about the same for VTB 24 as for Sberbank):
This bank has a total of 7 deposits: 1 investment, including investments in mutual funds (up to 9.70%), 5 savings deposits for various purposes in rubles (up to 8.2%), dollars (up to 1.1%) or euros (up to 0.05%).
There are also 2 ruble deposits for pensioners at 6.1-7.2%. Thus, the rates of this bank are approximately at the same level as the rates of Sberbank and VTB 24.
Rosselkhozbank offers a wide range of deposits. Almost all deposits can be opened remotely ( maximum bet- up to 9.10% in rubles, 2% in dollars and 0.55% in euros), 1 pension savings program (up to 7.0%).
Attention!
The remaining deposits are standard savings accounts, the maximum rate for which reaches 7.45% in rubles, 1.20% in dollars, 0.35% in euros.
Interest rates here are noticeably higher compared to the banks described above, but the placement conditions are somewhat tougher (interest at the end of the term, replenishment is impossible, etc.).
The new "Seasonal" deposit, which can be opened until January 31, 2017 for 400 days, involves 4 interest period. The highest rate - at 10% per annum, can be obtained in the first period with a validity period of up to 100 days, in other periods the rate is 7.5%.
The bank also offers 3 basic term deposits: Maximum income”, “Maximum Growth”, “Maximum Comfort” with rates up to 8.46% on ruble accounts, up to 1.61% on dollar accounts and 0.01% on euro accounts. 3 programs have been developed for pensioners (up to 8.46% in rubles), there is also a savings account in rubles (up to 5%) and Special offers for privileged clients.
We can say that deposits in this bank are beneficial primarily to a client with a large amount or who wants flexibility in replenishing / withdrawing funds. When opening deposits via the Internet or an ATM, 0.3% is added to ruble rates and 0.1% to foreign exchange rates.
This bank offers 4 deposits with a variety of interest payment schemes: the depositor has plenty to choose from. Rates on deposits in rubles - from 7.00% ("Convenient") to 9.75% per annum ("Maximum income"), and in foreign currency - up to 2.0% on dollar accounts and up to 1.25% on accounts in Euro.
Advice!
Capitalization is not offered in most deposits, and the conditions are not the most flexible - this is a logical "fee" for a depositor for a high income.
Home Credit offers several deposits: one is opened only in foreign currency (up to 1.51%), four - only in rubles: from 8% to 9.34% per annum, a deposit for pensioners can be opened in Russian rubles(up to 9.34% per annum).
Another deposit in rubles can be opened at 9.29% per annum, with an amount of 3 million rubles or more. There are options for capitalization, partial withdrawal and replenishment for a certain amount. Thus, Home Credit is a good choice for those who want a good income and place funds for a period of 12-36 months.
This bank has a line of 10 deposits in rubles/dollars/euro, including multicurrency. Rates on deposits in rubles are quite high - from 5.9% to 10.1% (in foreign currency - from 0.1% to 2.6% per annum), and the conditions are flexible: you can choose a deposit with convenient conditions in terms of terms, interest payments and deposits/withdrawals.
Best bank deposits in 2017: conditions and interest rates The former IBRD offers 9 deposits in rubles / dollars / euros, including multi-currency and pension. Rates in rubles from this bank lie in the range of 6.5 - 9.0%, and in foreign currency - from 0.01% to 1.0% per annum. You can choose a deposit with the most flexible conditions at a good percentage.
Additional 0.30% to the base rate can be received by clients opening a deposit in the Internet bank, as well as payroll clients, up to 0.40% to the rate - with a deposit amount of 4 million rubles.
Thus, it is most profitable to put money on deposit in one of the private banks. Especially if the deposit amount does not exceed 1,400,000 rubles, since such a deposit will be fully insured. High-interest deposits in Moscow are issued, as a rule, by banks specializing in consumer lending(Russian Standard, Tinkoff, Home Credit).
But at the same time, you should carefully study the conditions in terms of replenishment, early withdrawal, etc., in order to make your deposit not only profitable, but also convenient in terms of using money.
source: http://website/www.vkladvbanke.ru
The issue of saving and increasing funds is always relevant. One of the most reasonable and safest options is to open a bank deposit.
Warning!
Which bank and deposit to choose for the most profitable investment in 2017? What criteria, besides the interest rate, are important?
We offer an up-to-date overview of the best conditions for deposits in Russian banks.
To begin with, let's try to conduct a small educational program to figure out what the level depends on interest rates in banks. Immediately, we note that several interrelated factors affect the amount of return on deposits at once:
The key rate is the interest rate on the main operations of the Bank of Russia to regulate the liquidity of the banking sector, that is, the amount of interest at which the Central Bank of the Russian Federation lends to private banks on a weekly basis and is at the same time ready to take on deposit cash they have.
Attention!
Is the main indicator monetary policy. Directly affects the level of interest rates on deposits. Since August 3, 2015, it has been equal to 11% and has remained unchanged until December 11, 2015. This is the fifth reduction in the key rate since December 16, 2014, when it was set at 17%.
Some confusion is introduced by the concept of "refinancing rate", which is also used in lending to private financial institutions, but from the moment the key rate was introduced, that is, from September 13, 2013, it is of secondary and reference nature, and from January 1, 2016 it is equal to the key rate, as stated in the document "On the system of interest rate instruments of monetary policy Bank of Russia".
In addition to the above, it should be noted such a monitoring tool of the Central Bank of the Russian Federation as “The maximum interest rate of ten credit institutions attracting the largest volume of deposits from individuals”, which shows the average maximum interest on a deposit among the TOP-10 banks in terms of the volume of deposits in Russian rubles.
To date, the Bank of Russia forms the "big ten" of the following banks:
This monitoring is carried out by the Banking Supervision Department of the Bank of Russia using open information presented on the official websites.
In the third ten days of November 2016, based on the results of monitoring the maximum interest rates (on deposits in Russian rubles) of ten credit institutions that attract the largest volume of deposits from individuals, the average maximum rate on deposits is 9.93%.
Advice!
In the first and second decades of November 2016, the rate was at the level of 9.92%. The indicator is calculated as the arithmetic mean of the maximum rates of banks that attract two-thirds of the population's funds.
What else is useful to know about the average maximum bet? Since October 2012, the Central Bank of the Russian Federation has categorically not recommended that all private banks exceed the indicator established during the monitoring by more than 2 percentage points (percent), from December 22, 2014 - by 3.5%, from July 1, 2015 allowed any an increase in exchange for an increase in the contributions (deductions) of credit institutions to the Deposit Insurance Fund (DIF).
Banks' fees for increased risk are set as follows:
What conclusion should ordinary savers draw from this information? If the level of profitability of the deposit, according to the Central Bank of the Russian Federation, is too high, then such a deposit carries additional risks, which is why a private bank pays contributions to the DIA at an increased rate.
For ease of understanding, here is an example from the previous methodology of the Bank of Russia:
So, in the winter of 2015, the best bank deposits were offered at rates from 10 to 11%, and with a deposit yield of more than 13.7%, you can either deal with an unstable credit institution or one that conducts risky operations.
In fairness, we note that at the moment, all deposits in one bank with a volume of up to 1,400,000 rubles are “protected” by the Deposit Insurance Agency (DIA), so the banking system takes on the risk to a greater extent than depositors.
But there is little comfort in the thought that you may be faced with a bank that has had its license taken away or that has filed for bankruptcy. In annual terms, inflation in 2015 is at the level of 16%, however, there are all prerequisites for its significant slowdown in 2016–2017.
Looking at the dynamics of the decline in the key and average maximum deposit rates, we can assume that, unless something extraordinary happens, the key rate will continue to decline, and interest rates on deposits will decrease along with it.
Therefore, we can conclude that the winter of 2017 is the most favorable period for opening deposits at good interest rates, which may not be found in the future.
In winter, the market is livened up with special seasonal products. Despite the fact that the number of interesting deposit offers is not so great, there are still banks that are ready to provide very attractive conditions. If you set out to find best contribution in rubles or in foreign currency, then this review will help you.
The incomes and consumption of the vast majority of Russians are oriented toward rubles. In this regard, the ruble deposit seems to be the most reasonable solution. In addition, if the ruble continues to weaken, the rates on ruble deposits may rise, and it is advisable not to miss such a moment.
Warning!
Despite the fact that Russians traditionally consider the currency a more stable option for saving money, in the current unpredictable situation it is quite dangerous to choose it, since at the moment the euro and dollar rates are extremely high and the ruble has already more or less stabilized.
If in the short term there is a significant strengthening of the ruble (which is possible with the easing of sanctions or an increase in oil prices), then the foreign currency deposit will lose all meaning for those who are used to spending money in rubles. According to experts, those who are really interested in the currency have already managed to diversify their funds.
If you are not one of these people, then a deposit in foreign currency should not be of particular interest to you. As mentioned above, the income and spending of the vast majority of Russians are focused on rubles, which means that they need to be saved.
All deposits can be divided into urgent and demand deposits. The latter allow you to return the invested funds at any time at the request of the depositor. Interest rates on such deposits, as a rule, are minimal - no more than 1% (the profit from such a deposit will not even cover monthly inflation).
Term deposits are placed for a certain period, until the expiration of which the client must not claim his funds, otherwise, in most cases, he will lose his income. A term deposit is often placed for a year, less often for several months.
The deposits with the longest holding period are sometimes given the most favorable rates, but not always. Therefore, if you are looking for the best deposit, then feel free to choose a fixed-term ruble deposit for 12 months.
Contributions are classified depending on the degree of control of the depositor over the invested funds. When opening a non-replenishable deposit, any replenishment or withdrawal operations are prohibited - for them, banks offer the most profitable terms placement of funds.
Replenished deposits allow you to deposit money into the account during the term of the contract, which is convenient for the systematic accumulation of a large amount of money. Some banks offer reloadable deposits that allow the customer to make spending and credit transactions. As already said, Better conditions provided on non-replenished deposits.
At the moment, banks offer deposits at an average rate of 10-11% per annum, the general trend is on the decline. Recall that in December 2016, the Bank of Russia sharply increased the key rate to 17%, thereby causing an increase in deposit rates up to 21-22%.
Throughout the year, the indicator was decreasing: already in June 2016, the average rate on ruble deposits was 14–15%. Now the maximum yield is at the level of 12-13%.
Experts' forecasts are very ambiguous: most expect further reductions, but there are also optimistic forecasts about a possible increase in rates due to the weakening of the ruble. A good interest on deposits (11%) is offered by Russian Standard Bank for a period of 1 year, interest is paid at the end of the contract.
Moscow Credit Bank provides deposits with a rate of 9.5% to 11.25%, Rosbank - up to 10.75%, UniCredit Bank - up to 10.5%, Promsvyazbank - up to 11%, Alfa- Bank" - up to 10%, "Raiffeisenbank" - up to 10%, Sberbank - up to 8.1%. As we see what bigger bank, the lower interest rates on deposits he is willing to offer.
The best conditions for deposits can be found in small private banks. But we recommend that you pay special attention to the conditions for early termination of the deposit agreement, since in case of unforeseen circumstances you risk losing most (if not all) of the interest on the deposit.
The situation with foreign currency deposits is approximately the same as with ruble deposits. The average rate on euro deposits is about 2.5-3%.
Attention!
Leading banks with high interest rates currency deposits, again, they are not encouraging: the average annual percentage is about 1.5–2.5%. For example, the euro deposit option can be found at UniCredit Bank.
It provides for placement for a year from 20,000 euros at a rate of 3%. In Bank Saint-Petersburg, you can count on a rate of 2.8% when opening an on-line deposit for a period of 5 years in the amount of 50,000 euros. Interest is paid at the end of the term of the deposit.
"Moscow Credit Bank" offers a deposit of 100 euros for a period of 1 year at a rate of 2.25%. Such giants as Raiffeisenbank, Alfa-Bank, VTB 24, Sberbank offer rates in the range of 2-2.5%.
The conditions of regional banks are undoubtedly attractive, but many depositors are afraid to use their services. Firstly, because of doubts about reliability, and secondly, because of the geographical location. In turn, the largest Russian banks are not ready to provide attractive conditions for deposits.
In the current economic situation, of course, it is more appropriate to focus primarily on the reliability of the bank. It will also help you heal. banking sector: inefficient banks will be automatically forced out of the market. However, one should not unequivocally neglect the huge potential of the regions.
Among the regional banks there are quite solid ones, having branches in many cities, confidently holding their positions in the market. Before contacting one of the largest banks, check the situation in your region.
Average rate for dollar deposits is about 2.5–3.5%. As for the leaders of the Russian banking sector, the following conditions are offered for deposits. In "UniCredit Bank" you can place a deposit from 20,000 USD.
Advice!
USA for 1 year with a rate of 4.65% and the possibility of replenishment. You can also pay attention to the deposits of Binbank: by placing an amount of 25,000 US dollars or more for 1 year, you can earn 3.7% per annum (interest payment at the end of the deposit term).
The maximum rate on deposits of Bank Saint Petersburg is 3.9%. Any depositor can open a deposit with such a percentage if he has 50,000 US dollars and 915 days before receiving income. On average, the largest Russian banks are ready to offer annual rate within 2.8–3.5%.
source: http://site/www.kp.ru
I think many of you are asking yourself the question: “How to choose a reliable bank” when planning to open a bank account, get a loan or a mortgage.
Interest in this topic is explained simply: firstly, this is another small step towards mastering the basics financial literacy. Remember, we talked about this in the article “Savings and financial literacy need to be learned”?
Secondly, this is the first small step towards the practical application of the acquired knowledge, to which I was pushed by a far from new and not at all original idea: “money should work”.
Warning!
And how to do it? Start investing (everyone is talking about it now), study the stock markets, follow economic situation, compare offers of different banks?
I agree that you need to invest. But for me now it is very difficult and not entirely clear, there is not enough experience and knowledge. Therefore, to begin with, I decided to deal with the type of investment, which, in fact, is not an investment, but rather a way to accumulate funds - bank deposits.
Why did I decide to start with this ancient and popular product? Because in our Everyday life we most often encounter banks and bank deposits. Perhaps almost every person has at least a small bank "stash".
We do not experience stress, giving our money to the bank. And we are not afraid to lose our money, because, you see, the risk here is minimal.
And it does not require any special psychological preparation, which is simply necessary when investing in more risky financial instruments, such as real estate, mutual funds, Forex, PAMM-accounts, investments on stock market, in works of art, antiques, precious metals.
But we do not always know how efficiently our money can work in different banks. Various deposits for different conditions and in different banks can bring completely different income.
Let's try to figure out together which banks are the most reliable, what deposits are and how to choose the most profitable among them, how to choose the right bank for a deposit in order to get the highest possible income, in what currency to open a deposit and at what percentage.
The economic situation in our country now can hardly be called stable. The slowdown in the growth of our economy, which began in 2013, was exacerbated by recent events in Ukraine, fluctuations in the ruble exchange rate, and the closure of some banks. This created a certain tension around bank deposits.
And yet, we still, and in most cases, in the desire to save money "for a rainy day" or to accumulate some necessary amount of money, open a deposit account in a bank.
The accumulation of money in itself, as a process, I think for the majority is a boring and monotonous activity. You have to be a real Plyushkin to save money for the sake of money.
But if the implementation of the long-desired looms ahead, it’s a completely different matter.
Attention!
What do you specifically want to achieve? Buy an apartment, save up for a comfortable old age, go on a trip around the world? It really motivates and makes you do what just recently seemed to be something from the world of fantasy and unrealistic desires.
Goals will be achieved if they are set clearly and specifically. Believe it or not, this has happened to me more than once.
So the goals are set. And we are back to our deposits. To make it clearer, let's start with the terms.
Deposits (sometimes called deposits) are a type of savings account in which funds are placed for a certain period and under certain conditions of the contract in order to save them and generate income.
These are client funds that are subject to mandatory return upon expiration of the contract or at the first request of the client. But at the time of placement on deposit, the bank manages them.
It's very popular banking product, which arose almost at the same time as banking system. Each Russian can open an unlimited number of deposits, both in one bank and in several at the same time.
In fact, there are a lot of types of deposits offered by banks, each of which has its own characteristics, pluses or minuses.
But basically, deposits are divided into three main groups depending on:
What is the difference between term deposits and demand deposits? Interest is paid on time deposits that are placed for a certain period (from 1 month to several years).
If the client withdraws his money before the end of the term, stipulated by the agreement, then the bank can fully return only the initial amount of the deposit, while the interest on the deposit can be partially accrued.
Some banks, upon early termination of the contract, may return the fully accrued interest, but usually such deposits have low interest rates.
Advice!
On demand deposits, funds are placed for an indefinite period, returned to the client on demand, and interest rates on them are much lower than on time deposits.
Everything is clear here. If the deposit is replenishable, then this means that you can make deposits to the deposit account additional amounts, which will increase total amount contribution and, accordingly, income on it.
If the deposit is non-replenishable, the initial deposit amount cannot be increased, and interest will be charged only on it.
In Russian banks, you can open ruble deposits, deposits in foreign currency or multicurrency deposits.
A feature of multicurrency deposits: one account can be placed in different currencies several amounts, each of which will accrue its own interest.
It should also be noted that the interest currency accounts always lower than for ruble deposits.
What do you usually pay attention to when choosing a deposit? Of course, at interest rates (the equivalent of the monetary reward that the client receives for having provided the bank with his funds for use).
First of all, we are attracted by high interest rates (annual interest rate is always indicated in banks), which may depend on the amount of the deposit, on the term of the deposit, on whether the deposit is replenishable or not, on its type (urgent or “on demand” ), from capitalization and some other factors, which we will talk about later.
Warning!
Let's make a reservation right away that very high interest on deposits is not always a sign of a good bank.
Usually, after the conclusion of the agreement, the bank cannot unilaterally change the interest rate, but there are exceptions (this applies to deposits with interest capitalization and prolongation).
This means the following: interest for a certain period is added to the deposit amount, and in the next period interest will be accrued on a larger amount.
This method of paying interest is sometimes called " compound interest” and can be done once a month, once a quarter, once a year or in connection with the expiration of the contract.
Attention!
As already noted, deposits with capitalization usually have more low interest, but the income may be higher.
And a few more concepts that you need to understand when referring to bank deposits.
Prolongation of the deposit is an automatic extension of the deposit agreement after its expiration and placement of the deposit for a new period without the participation of the client.
If no rollover is provided, the funds (principal plus accrued interest) will be transferred to the customer's account and no interest will accrue from that moment on.
In order to resume their accrual, you need to come to the bank and open a new account. True, it must be borne in mind that the prolongation does not apply to all types of deposits, and in order to use this service, you need to stipulate it in advance in the contract.
To open a bank account, you only need a passport of a citizen of the Russian Federation (sometimes they may be asked to provide some second document, for example, a passport). If you want to open a deposit for a close relative, it is enough to provide his documents or notarized copies of documents.
So, we found out what deposits are, how interest is calculated and what are the conditions for various deposits. We also figured out that the interest rate, which ranges mainly from 3 to 10 percent, depends on many factors.
The goal you pursue when opening a deposit should ultimately determine your choice of deposit. It is she who determines what conditions are important to you and what you will give preference to (term, currency, interest rate and other conditions).
Someone wants to make a profit at any cost due to high interest, ignoring possible risks and losses. Some people are satisfied with lower rates, but at the same time, such conditions as the ability to replenish an account or partially withdraw money, capitalization, short term investment, reliability.
Often you can find good offers in banks for pensioners with a higher interest rate. There are good special offers or seasonal promotions that banks arrange for some occasion for a short time.
Advice!
For example, if I wanted to save money for an expensive purchase, I would prefer a long-term replenishment deposit with monthly capitalization, albeit at a lower interest rate.
But in general, this way of investing, which includes bank deposits, today is not the best profitable option. The size of the rates compared to what it was a couple of years, is significantly reduced. And to find, for example, a contribution at 10% per annum, you need to try very hard.
And you need to understand that there is such a rule: more bank offers deposit options (for example, replenishment, capitalization, partial withdrawal), the lower the interest on this deposit will be.
There are a lot of banks that offer us their services in our country. And sometimes the search for a suitable bank can take a long time. I hope these simple tips will help you navigate this issue.
One way to somehow navigate the choice of a bank is to look at its ratings. Russian banks are rated mainly by such Russian rating agencies as the National Rating Agency (NRA), Expert RA, Rus-Rating, AK&M, among which Expert RA is considered the best.
Large international agencies (Fitch, Moody's and S&P) work only with the largest Russian banks, and medium-sized banks do not fall into their field of vision.
You can also draw certain conclusions by reading the bank's credit statements, which are published on the website of the Central Bank or on the website of the Bank of Russia. But to understand these reports, perhaps, only a specialist can do it. We, ordinary clients, can try our luck on the Banki.ru portal, where information is already presented in a more accessible form, which even a non-professional can understand.
Warning!
The reliability of a bank is determined by its financial performance. For analysis, we compare the current assets of the bank with the indicators that were a year ago and for the past and current months.
A sign of the bank's reliability and stability is its large assets at the moment and their increase compared to previous periods. The amount of its own funds (authorized capital) also testifies to the reliability of the bank.
According to news agency Finmarket, as of March 1 (as of April 1, the list has not changed), the list of the largest banks in Russia includes: AK BARS, Alfa-Bank, Bank St. Petersburg, Bank of Moscow, Russian Standard Bank, Binbank, Bank Vozrozhdeniye ”, CB Vostochny, VTB, CJSC VTB24, GPB, MDM Bank, Ministry of Finance, Moscow credit bank, Nomos-Bank, Nordea Bank, Petrocommerce, Promsvyazbank, Raiffeisenbank, Rosbank, Rosselkhozbank, AB Rossiya, Sberbank RF, Svyaz-bank, CB Citibank, NB Trust, Uralsib, Khanty-Mansiysk Bank, HCF-bank, UniCreditBank.
The need to assess the reliability of the bank based on an analysis of reporting, paying attention to criteria such as deterioration or violation of mandatory banking organization standards (which may lead to the revocation of the license), for non-executed own payments and difficulties encountered in paying off their own debts, for large cash flows that significantly exceed the bank's assets and do not have any business case, for significant investments in mutual funds and shares (this may serve as a signal that the bank will have big problems in the near future), for any sharp decline in balance sheet indicators without reasonable explanations.
Such information can be found in the reporting on the website of the Central Bank, in the mass media, on the portal. And although it seems to me that it is very difficult for an ordinary client to fully assess the reliability of a bank on the basis of such an analysis of specialized reporting, it is quite possible to understand some of the main points, which will at least partially help reduce the level of risks.
2. For the size of the bank. to major federal and regional banks almost 100 percent applicable expression: "Too big to fail." Information about their assets, which testify to the size of the bank, can also be found in the reports of analytical centers, in the ratings of Russian and international agencies. Of course, this does not exclude the fact that among small banks, there are those that deserve attention.
3. On the the bad news about the bank to whom you want to entrust your money (especially if this amount is more than 700,000 rubles). Negative information that may appear in the media or in the news feed on the bank's page on the Banki.ru portal (about 600 banks have such a page on the portal) should at least alert.
4. For falling ratings which may be downgraded by rating agencies. The fact that credit institutions have no rating is also alarming (which may serve as evidence of the bank's reluctance to provide information to rating agencies, trying to hide something negative).
5. At high deposit rates. Inflated rates that significantly exceed average level, or their sharp increase may be evidence that the bank does not have enough own funds. And, trying to attract more customers through more profitable, at first glance, offers, the credit institution is trying to pay off its debts. This may indicate an increased risk.
How do you know if it's overpriced or not? In this case, you can focus on the results of monitoring the maximum interest rates (on deposits in rubles) in the top 10 credit institutions, which attract the largest volume of deposits of individuals, published central bank. In March, the maximum rate on deposits was 8.35%.
6. To change the work schedule. Reducing the bank's working hours (reducing the number of working days and the period of work during the day), reducing staff - all this can serve as indirect signs of problems that have arisen in the bank.
7. For problems that have arisen when conducting monetary transactions (for example, delays in cash withdrawals, closing deposits, quality of service), as well as mass closing of accounts by bank customers. You can find out about this from the reviews on various forums.
What will happen to our deposit if, nevertheless, we made a mistake and our bank went bankrupt or its license was taken away?
This question worries all investors. In the case of bank deposits, you should not be afraid for your savings, if they do not exceed the amount of 700,000 rubles.
Since October 1, 2008, a system has been operating in our country compulsory insurance deposits, and the banks themselves do it completely free of charge for customers. If such a nuisance happens and your bank is closed, within 14 days after the occurrence insured event your deposit will be refunded.
In one bank, the maximum amount of compensation will be 700,000 rubles for all deposits. This point deserves special attention.
That is, if you have several accounts opened in one bank for a total amount of, for example, 1,000,000 rubles, in which case you will receive only 700,000 rubles. Therefore, it is more expedient to open accounts in different banks and make sure that the amount on them does not exceed 700,000 rubles.
For example, by depositing 500,000 rubles in two banks, in the event of bankruptcy of these banks, you will receive all your money in the amount of 1,000,000 rubles. If it happens that the amount of the deposit still exceeds 700,000 rubles, the remaining money must also be returned.
But only all this will drag on for an indefinite period, and the return of money will be possible only after the liquidation of the bank and the sale of its property.
A government bill to increase deposit insurance from 700,000 to 1 million rubles is now being actively discussed (in the first reading, this bill was adopted by the State Duma last year).
Before entrusting your money to one or another bank, be sure to check that the bank belongs to Russian system deposit insurance. This is easy to do: you can now find information on any bank on the Internet.
Warning!
To get started, select all the banks in which all deposits are insured, and collect as much information as possible about all the banks that are in your city.
From this list, choose the deposits with the highest interest rates, having previously made a comparative analysis of profitability in different banks. The more you study offers on deposits and deposits, the more chances you have to find the best option.
Find out if the bank provides fees and commissions for any Additional services(for example, for replenishing a deposit, withdrawing cash, opening an account) and penalties in case of early termination of the contract.
Read the contract carefully! The optimal solution, in my opinion: the reliability of the bank and a relatively high percentage. But at the same time, one should not forget that sometimes for excessive high stake hiding big problems bank, which he is trying to solve at our expense.
A thoughtful approach, careful analysis and slowness in making a decision will allow you to make the right choice. But at the same time, you should not delay making a decision, you need to value your own time, money and effort. Therefore, we stop dreaming, build castles in the air and begin to act.
