Only a few banks offer high-interest deposits in Moscow. Some make such an offer so that new customers appear, others - to maintain their positive reputation. The biggest contribution is . But this can only happen if a few conditions are met:
- the account is opened immediately for the entire amount;
- nothing can be done with the funds until the expiration of the contract;
- the client belongs to the privileged category.
High interest rates are possible within . Get the maximum profit and when opening a foreign currency account.
Conditions for opening a high-interest deposit in Moscow
Citizens can open with a high percentage both at the place of registration and residence. To do this, you only need a passport. There are those who cooperate with young people from 14 years old. Suggestions for individuals differ:
- minimum amounts.
The highest rates on deposits in Moscow are offered by institutions that have high rates of their own assets, a good loan portfolio, that is, they are stable.
On our website you will find deposits in banks with a high interest rate in 2020. For convenience, we offer a comparative table with up-to-date information and for calculating possible profits. The data is updated regularly, so our users receive up-to-date information. If necessary, you can choose the most convenient currency for calculations.
Every year, depositors face an unpleasant and unexpected situation - banks delay the issuance of funds from deposits to clients in various ways. Find out why this is happening and what to do to get your money back.
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Soft loans for small businesses
Preferential loans for small businesses increase the availability of the lending market for small companies and individual entrepreneurs. In this article, we will consider the state program, as well as several advantageous offers from banks.
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Investments in precious metals: stock instruments
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Settlement account in Post Bank
Post Bank is a universal credit organization, included in the TOP-30 of the country's banking sector. In the article we will talk about the features of current accounts for business at Post Bank, the cost of their maintenance and the procedure for opening.
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Working in a bank as a career start
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New Product
BBR Bank launched deposit "2020"
5.75% per annum - this is the maximum rate of return of the new deposit program of BBR Bank, called "2020". The most attractive rate is provided in case of depositing funds for 700 days (a deposit can also be made for 200 or 500 days).
17 Feb 2020Analytics
"Opening": investment products become an alternative to deposits
According to Otkritie Bank, Russians have recently been withdrawing free funds from deposit accounts and investing in investment products.In the hands of the population is about 30 trillion rubles. In the fall of next year, the financial structure plans to hold an IPO. Maybe, securities the bank will sell to private investors.
12 Feb 2020Changing rates
Sovcombank revised rates on mortgages, on deposits and on the Halva card
Mortgages in Sovcombank can now be issued at a rate of 8.69% per annum. The amount of a housing loan is not more than 30 million rubles (can be increased on an individual basis). Loans are provided for up to 30 years. It is possible to issue a loan on two documents. A loan application is considered within 1 business day. For deposits
19 Nov 2019New Product
Energobank presented the contribution "Competent investor"
Energobank's assets include a new deposit service with increased profitability. The rate on the "Competent investor" deposit reaches 8% per annum. The deposit can be issued for six months or for a year. The profitability of the program does not depend on the period of placement of funds. A prerequisite for making a deposit is the conclusion of an accumulative
29 Oct 2019New Product
Vozrozhdenie launched 4 new retail deposits
The line of retail deposits of Vozrozhdenie Bank was replenished with four deposit products at once. The Replenished deposit is opened in rubles and US dollars. The maximum deposit rate is 5.5% per annum in rubles and 0.7% per annum in dollars. The placement amount is from 30 thousand rubles / 500 dollars. The deposit account can be replenished. "Active" deposit.
01 Oct 2019Changing rates
NS Bank changed deposit rates
NS Bank revised the profitability of branded deposit products. The rate on the Investment deposit is currently 8% per annum. The deposit service is available for clients who have issued investment insurance products. Interest is paid at the end of the term of the deposit agreement. "Saving" deposit. Bid -
02 Aug 2019Analytics
Depositors received almost 33 billion rubles from the DIA. for 6 months
From January to June, the Deposit Insurance Agency paid insurance compensation to 55.8 thousand people. Such data is published on the website of the state corporation. For the first six months, the DIA paid out 32.8 billion rubles to former depositors of bankrupt banks. This money was received by half of the people who are eligible to claim the insurance payment.
July 23, 2019Changing rates
Gazprombank raises deposit rates
Gazprombank makes branded deposits more attractive. The marginal rate of return on the Vash Success deposit increased to 7.84% per annum. The rate is provided when placing funds for a period of 1.5 years (547 days). The deposit can be made until the end of May. The minimum amount of placement is 300 thousand rubles. The deposit is non-refundable. extradition
27 Feb 2019
Deposits in Moscow at high interest in 2018: compare the rates and conditions of the most profitable bank deposits today for individuals, including pensioners.
High interest deposits in Moscow banks – 2018
Deposits of individuals are by far the most popular and demanded way of investing money. Giving our savings to banks, we hope not only to save, but also to increase our funds. Therefore, we try to choose such deposits, where the interest rates are the highest and the conditions are the most convenient.
Today, Moscow banks offer a large number of different types of deposits for individuals. But all of them can be divided into several large groups:
Term deposits with maximum interest. By opening such a deposit, you give the bank money for a certain period (3-6 months, 1 year or 3 years), and at this time you cannot withdraw the money without losing the accrued interest, or replenish the account. As a rule, such deposits have the highest rates.
Refillable deposits. 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 at least a little money from the account and not lose income.
Spending deposits with partial withdrawal of funds without loss of interest. Such deposits 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 in this case.
The most profitable deposits in Moscow in rubles in 2018
In this comparative table, we have collected ruble deposits of individuals with the maximum interest rates offered by Moscow banks today.
Bank International Financial Club Deposit "Confident Choice"
Natsinvestprombank Deposit "Choice of Success"
- See what interest rates on deposits it offers today
Bank ZENIT Deposit "Dessert (online)"
Bank Klyukva Deposit "My Profitable"
Bank standard-credit Deposit "Term-Lux"
Inkarobank Deposit Time of Discoveries
- See the conditions under which you can open a bank deposit today
Ziraat Bank Moscow Term deposit
Bank Novy Vek Deposit "VIP Replenish"
Inkarobank Deposit "High Interest"
Deposits in Moscow at maximum interest in dollars
In this comparative table, we have collected dollar deposits of individuals with the maximum interest rates offered by Moscow banks today.
Bank Saint-Petersburg Deposit Strategist online
SMP Bank Deposit "Strategy"
Binbank "Contribution to the Future (Cumulative Insurance)"
Alfa-Bank Deposit Pobeda+ (Maximum+ package)
Inbank Deposit "Maximum"
Bank Tauride Deposit "Tavrichesky Maximum (online)"
Vostochny Express Bank Deposit "Vostochny (tariff zone 1)"
Promtransbank Deposit "Terms in foreign currency"
Mosoblbank "Personal" deposit
In which bank of Moscow is it better to open a deposit
Choosing a bank in Moscow for making a deposit, today you should first of all evaluate the size of the interest rate and the quality of customer service. If earlier experts recommended choosing the largest banks as the most reliable, then the current situation in the financial sector shows that practically no one is immune from a fall. Of course, except for systemically important banks, which the Central Bank is likely to rescue in any case.
Fortunately, the Deposit Insurance Agency (DIA) has been operating in Russia for a long time, so it is possible to get your money back even if the bank bursts.
How to open a bank account
In pursuit of a large percentage, now you can secure your savings by choosing not even the best one for a deposit. reliable bank. Today, it is more important to correctly distribute savings so that the total amount of deposits of individuals in one bank does not exceed the amount that the DIA will return to you in the event of a license revocation. It is better to break a large amount into parts and spread it over several banks in Moscow at the most favorable interest rates.
You should also not open large deposits in the same bank for yourself and close relatives. In the event of an insured event, you may be accused of allegedly trying to deceive the DIA in this way.
It is also important to make sure that your deposit is really open and accounted for in the bank's accounting department, and not taken off the balance sheet (such cases have already happened), otherwise it will be difficult to prove the presence of a deposit.
The best interest on deposits in Moscow
When choosing deposits in Moscow banks with the highest interest rates, we immediately cut off replenished deposits and those that involve partial withdrawal money. It stops at deposits of individuals placed for a certain period: a month, three months, six months, a year, etc. If it seems to you that the maximum interest on a deposit in rubles can be obtained if you make a deposit for a long period, for example, 3 years or even 5 years, then you are mistaken. Today, the most profitable are fixed-term bank deposits for six months or a year. You can make a deposit for this period in order to get the highest rate, and then withdraw the money and deposit it again, perhaps already in another bank in Moscow, which at that time will offer a more favorable interest.
Investment deposits in Moscow with maximum interest
Fighting for clients' money, banks have recently increasingly offered so-called investment deposits. According to their terms, the client, simultaneously with making a bank deposit, acquires, for example, securities or transfers a certain amount to a mutual investment fund. The interest rate on such deposits is usually higher than on others. But before you get tempted by a large income, check whether the money invested in mutual funds or securities will be returned to you if the bank loses its license. And then think about whether you are ready to risk your savings or it is better to choose a less profitable way of investing money, but more reliable.
Profitable deposits in Moscow banks with higher interest rates
When choosing the most profitable deposit, check the possibility of opening a deposit online. Often, when opening via the Internet, the bank charges a surcharge to the interest rate.
In addition, deposits in Moscow banks for premium clients have an increased percentage. Purchasing benefit packages can be beneficial for you. At the same time, in order to become a premium client of the bank, it is not necessary to have millions on your account, sometimes it is enough to purchase a platinum card, which can be really convenient for you.
In a word, if you want to invest a large amount, then compare what will be more profitable for you: several deposits in not very stable banks at a high interest rate or a premium deposit in the amount of 1.5 million rubles in a reliable bank with state participation.
Learn more about the conditions and interest rates of the best deposits of individuals in Moscow today on official websites or at bank branches. The information is not a public offer.
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.
High interest deposits - which banks have higher interest rates?
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 you know, the State Deposit Insurance System 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!
The most reliable bank is not only the largest bank, but also the least risky one. 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 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 at not the smallest interest rate, due to which they can attract deposits at a high interest rate (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.
Sberbank
Perhaps this is the first bank that almost every Russian will think about out of habit. Sberbank currently offers the following deposits:
- 8 time deposits in rubles, dollars or euros (from 2.3% on the "Savings account" to 6.49% on the "Save" deposit in rubles);
- for wealthy clients who prefer other currencies - the "International" deposit (in British pounds, Swiss francs and Japanese yens - at 0.01% per annum);
- 3 deposits for owners of service packages "Sberbank First" and "Sberbank Premier" - "Special save", "Special replenish" and "Special manage" with higher rates– up to 7.36% in rubles, 1.66% in US dollars and 0.30% in euros.
- 3 online deposits in rubles, dollars or euros (rates are higher than term deposits, on average by 0.1%);
- 3 pension 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.
VTB 24
This bank offers 10 deposits on various terms (we can say that they are about the same for VTB 24 as for Sberbank):
- 3 deposits opened in bank branches - Comfortable, Accumulative and Favorable at rates from 0.01% to 7.75% per annum.
- 3 deposits opened remotely in the Internet Bank - Comfortable-online, Savings-online and Profitable-online at rates from 0.01% to 7.90%.
- 3 deposits on special terms for owners of the Privilege service package with increased interest rates, which are calculated individually for each client.
- 1 savings deposit with flexible conditions at 0.01 - 8.50% in rubles.
Gazprombank
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
Rosselkhozbank offers a wide range of deposits. Almost all deposits can be opened remotely (the maximum rate is 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.).
VTB Bank of Moscow
The new "Seasonal" deposit, which can be opened until January 31, 2017 for 400 days, assumes 4 interest periods. 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. For pensioners, 3 programs have been developed (up to 8.46% in rubles), there is also a savings ruble account (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.
Russian standard
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
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.
TRUST
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 terms in terms of terms, interest payments and deposits/withdrawals.
MTS Bank
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.
What deposit is better to open?
To begin with, let's try to conduct a small educational program in order to figure out what the level of interest rates in banks depends on. Immediately, we note that several interrelated factors affect the amount of return on deposits at once:
- Rising inflation and devaluation of the ruble.
- Decline in the growth rate of household deposits.
- Competition among banks for depositors.
- Change of the key rate by the Central Bank of the Russian Federation
- The outflow of foreign investment and the blockade of the debt market, that is, the lack of liquidity and funding (raising funds from organizations).
- Changes in legislation (until December 31, 2015, there was a benefit: interest on ruble deposits of citizens placed at a rate of up to 18.25% per annum was no longer subject to personal income tax; there was an increase in the amount of insurance compensation on deposits from 700,000 rubles to 1,400,000 rubles. ).
Reference Information
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!
It is the main indicator of monetary policy. Directly affects the level of interest rates on deposits. Since August 3, 2015, it has been equal to 11% and remains unchanged until December 11, 2015. This is the fifth reduction of 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 attracting deposits in Russian rubles.
To date, the Bank of Russia forms the "big ten" of the following banks:
- Sberbank of Russia;
- "VTB 24";
- "Bank of Moscow";
- "Raiffeisenbank";
- "Gazprombank";
- "Binbank";
- "Alfa Bank";
- "Bank FC Otkritie";
- "Promsvyazbank";
- Rosselkhozbank.
This monitoring is carried out by the Banking Supervision Department of the Bank of Russia using open information provided on 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? From October 2012, the Central Bank of the Russian Federation categorically did not recommend 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:
- if the interest rate on the deposit is not overstated relative to the average maximum, the bank makes deductions at the base rate - 0.1% of the average quarterly balance on deposits;
- if the interest rate on the deposit does not exceed the maximum rate by 2–3%, the credit institution is charged a fee at an additional rate of 0.12%;
- if the bank overestimates the level of the credit rate by 3% or more from the average maximum, then it pays an increased additional rate - 0.25%.
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:
- The current average maximum deposit rate is 9.93%.
- The maximum recommended excess of the rate level is 3.5%.
- The maximum acceptable (with a maximum level of risk) deposit rate is (9.93% + 3.5%) = 13.43%.
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 in the amount 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's little comfort in the thought that you might run into a bank that has had its license revoked or 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 the best deposit in rubles or in foreign currency, then this review will help you.
Ruble or currency deposit?
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 rather dangerous to choose it, since at the moment the euro and dollar exchange 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.
Term deposit or demand deposit?
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 sometimes offer the best 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.
Replenishable or non-replenishable deposit?
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 favorable conditions for placing 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 replenishable deposits that allow the client to make debit and credit transactions. As already mentioned, the best conditions are provided for non-replenished deposits.
The best deposits in rubles
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 can see, the larger the bank, the lower interest rates on deposits it is ready 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 best deposits in euro
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. This will also serve to improve the banking sector: inefficient banks will be automatically ousted from 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.
Best dollar deposits
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 an annual rate in the range of 2.8-3.5%.
source: http://site/www.kp.ru
How to choose a reliable bank for opening a deposit?
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 of 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 this now), study stock markets, monitor the economic situation, compare offers from different banks?
I agree, 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.
How to choose a bank for a deposit
Why did I decide to start with this ancient and popular product? Because in our daily 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 in the stock market, 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.
There are many questions, let's go in order
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.
To hoard or not to hoard?
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.
Bank deposits (deposits)
So the goals are set. And we are back to our deposits. To make it clearer, let's start with the terms.
What are deposits?
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 agreement 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.
This is a very popular banking product that arose almost at the same time as the banking system. Each Russian can open an unlimited number of deposits, both in one bank and in several at the same time.
What are the contributions?
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:
- from the term of the deposit - deposits "on demand" and term deposits
- from the possibility of replenishment - replenished and non-replenished
- on the type of deposit currency - deposits in rubles, foreign currency or multi-currency deposits.
From the period of placement of money in the bank.
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 period stipulated by the agreement, the bank can return only the initial deposit amount in full, while 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.
Replenishable and non-replenishable deposits
Everything is clear here. If the deposit is replenishable, then this means that additional amounts can be deposited into the deposit account, which will increase the total amount of the deposit and, accordingly, the 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 what currency to open a deposit?
In Russian banks, you can open ruble deposits, deposits in foreign currency or multicurrency deposits.
A feature of multicurrency deposits: on one account, you can place several amounts in different currencies, each of which will accrue its own interest.
It should also be borne in mind that interest on foreign currency accounts is always lower than on ruble deposits.
How to choose the most profitable deposit?
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).
Interest on bank deposits
First of all, we are attracted by high interest rates (the 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).
How are interest rates calculated on deposits?
- The first option: at the end of the deposit term, interest is charged on the initial amount.
- The second option: interest is paid at a certain frequency (regular payments), for example, once a month or quarter. In this case, interest is transferred to a plastic card or other account.
- The third option: capitalization of interest on the deposit.
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 made 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 a lower interest rate, 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.
Profitable deposits in 2017
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.
Bank rating
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 rates, ignoring possible risks and losses. Someone is satisfied with lower rates, but at the same time, such conditions as the ability to replenish an account or partially withdraw money, capitalization, a short investment period, and reliability are important.
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 replenished deposit with a monthly capitalization, albeit with a lower interest rate.
But in general, this way of investing, which includes bank deposits, is not the most profitable option today. 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.
Moreover, you need to understand that there is such a rule: the more the bank offers deposit opportunities (for example, replenishment, capitalization, partial withdrawal), the lower the interest on this deposit will be.
Where and how to look for information about banks?
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 the information 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 Vozrozhdenie, CB Vostochny, VTB, CJSC VTB24, GPB, MDM Bank, MInB, Moscow Credit Bank, Nomos-Bank, Nordea Bank, Petrocommerce, Promsvyazbank, Raiffeisenbank, Rosbank, Rosselkhozbank, AB " Russia, Sberbank of the Russian Federation, Svyaz-bank, CB Citibank, NB Trust, Uralsib, Khanty-Mansiysk Bank, HKF-Bank, UniCreditBank.
The need to assess the reliability of the bank based on the analysis of statements, paying attention to such criteria as deterioration or violation of the standards mandatory for a banking organization (which may lead to license revocation), to not made own payments and difficulties encountered in paying off their own debts, to large cash flows that significantly exceed the bank's assets and have no economic justification, for significant investments in mutual funds and shares (this may 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 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. For large federal and regional banks, the expression "Too big to fail" is almost 100 percent applicable. 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 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, which are significantly higher than the 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, one can be guided by the results of monitoring the maximum interest rates (for deposits in rubles) in the top 10 credit institutions that attract the largest volume of deposits from individuals, published by the 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.
Deposit insurance - additional security measures
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 of compulsory deposit insurance has been operating in our country, and the banks themselves do this completely free of charge for customers. If such a nuisance happens and your bank is closed, within 14 days after the occurrence of the insured event, the deposit amount will be returned to you.
Deposit insurance system
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).
So how do you choose a reliable bank?
Before entrusting your money to one or another bank, be sure to check that the bank belongs to the Russian deposit insurance system. 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 for 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 the bank's big problems are hidden behind an excessively high rate, which it 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.
