Interest rates on foreign currency deposits. Foreign currency deposits
Deposits are an excellent capital preservation tool available to every citizen. The advantages of using it are obvious: the depositor's free funds are in safe place and he needn't worry about their safety. Due to the accrual of interest, the funds held in the bank are less prone to depreciation, which may be caused by inflation and the impact of other negative factors.
In addition, deposits can be used to make a profit. On the one hand, it is not high. But the total amount of charges on several large deposits is quite a tangible amount.
Foreign currency deposits
The depositor's money is converted (at the current exchange rate) and placed on the account in the form monetary units another state. At the time of withdrawal, a reverse conversion will be made. At the rate that will be official at the time of withdrawal. Thanks to this feature, foreign currency deposits have additional advantages.
But they should be used correctly in order to get the maximum benefit and not lose part of their funds. To do this, you should understand in detail not only the advantages, but also the disadvantages. In addition, to study the options for using foreign currency deposits available for use.
Advantages
The popularity that foreign currency deposits continue to gain is due to the fact that they have a number of very important advantages over conventional ones. These relate to both risk management and profit making. If it comes about rather large amounts, special attention should be paid to these advantages, since their role can be significant.
This method of investment is especially relevant in times of instability or when the population becomes aware of the possibility of such an onset in the near future.
Protection of funds from depreciation
Funds placed in foreign currency deposits can be most protected from depreciation caused by exchange rate volatility national currency home state or the impact of other negative factors. The choice is made in favor of currencies, the exchange rate of which is the most stable or prone to constant strengthening.
These currencies are sometimes called reserve currencies. The most famous and popular of these is the US dollar. Most countries in the world assess the stability of their national currency rates by comparing with the US dollar exchange rate. Russia is no exception. As a result, the depreciation of the Russian ruble does not in any way affect the condition of the capital of holders of deposits opened in US dollars.
The opportunity to make a profit
If the depreciation of the ruble turns out to be too significant, the owners of foreign currency deposits find themselves in a rather advantageous position. For example, the amount of deposits in US dollars, opened in 2010, by the beginning of 2015 doubled only due to the strengthening American currency... At the time of the opening of such deposits, their owners gave about 30 rubles for each dollar, and its cost at the beginning of 2015 was already 60. In combination with the accrued interest, the benefits obtained turned out to be very significant.
For holders of deposits, whose currency was the euro, the situation was completely similar and turned into a benefit. This example excellently demonstrates how foreign currency deposits individuals can be used by them for profit.
disadvantages
The advantages that foreign currency deposits have can, under certain circumstances, become disadvantages. Especially with the illiterate use of this method of managing capital. Carefully studying these shortcomings means protecting your money from possible negative consequences.
In addition to the contingent features that can turn out to be both disadvantages and advantages, there are those that can only be disadvantages. The most tangible of these is the low interest rate.
Possibility to incur losses
Changes in exchange rates can be more than beneficial. If the deposit was opened shortly before a strong depreciation of the selected currency, its owner will incur losses. In the case of the US dollar, this is unlikely, since deposits are usually long-term, and its rate is likely to strengthen in this perspective.
Nevertheless, an unfavorable scenario for the development of events remains possible, since the economy of any state (and hence the value of its currency) can be negatively influenced by such factors and events that it will not be able to withstand. Therefore, in order for foreign currency deposits in banks to bring only benefits, certain financial solutions should be applied.
Lower rates
Interest rates on foreign currency deposits are usually lower than on ruble deposits. Sometimes significantly lower. The amount of charges may be much less. The choice of the former will be justified in case of financial instability, and in the absence of such, the depositor will simply miss the potential benefit in the form of higher interest.
For comparison: opening foreign currency deposits in Moscow, depositors can receive 4-8% per annum. Somewhat less often - 8-9% (the data is relevant for those who are interested in the US dollar). Interest rates on ruble deposits offered by Moscow banks fluctuate between 13-18% (information is current as of early March 2015). Thus, to make a profit only in the form of accrued interest, contributions to foreign currency do not fit well. But they are out of competition as a tool for preserving finances during a crisis.
Alternative solutions
Such ambiguity in the advantages and disadvantages can confuse many investors. Or even get them to make the wrong decision. Nevertheless, the best option still exists. Its essence is the opening of two or more deposits in different currencies. All personal savings should be divided into two halves. One of them needs to be invested in rubles, and the other in currencies of other states. The euro and the US dollar are best suited for this. You can use both of these currencies in equal proportions. That is, keep 50% of the funds on a ruble deposit, and 25% each - in US dollars and euros.
Thus, total amount the accrued interest will be averaged to the optimum, and the funds will not be depreciated both in the event of an increase in the exchange rate of the Russian ruble, and in case of its strong decline. The same applies to the euro / dollar rate: the consequences of its changes will also be minimal.
Deposits are very popular among the population, as they allow you to get a certain profit from the bank, while not risking money at all.
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But as in any other area, deposits have some peculiarities that need to be analyzed before contacting the bank directly.
Among such features, the main ones are the differences between the offers of deposits, as well as the methods of their withdrawal, because they are not suitable for all categories of depositors.
And one of the main questions, the answer to which needs to be found out for fruitful cooperation with the bank, is, of course, the accrual of interest on foreign currency deposits in 2019.
Despite the fact that the conditions are basically similar, they differ in little things, for example, in the interest rate, or in the minimum amount for which a deposit can be made.
Basic concepts
But it is equally important to understand what foreign currency deposits are. In essence, this area of deposits is the placement of monetary units in foreign currency on bank accounts.
In Russia, the most common are US dollars and euros. It is rare to find offers from banks with other world currencies.
When making foreign currency deposits, you can count on a multi-currency deposit. These are programs that allow you to open a deposit in several currencies at once, but cash should only be placed in one account.
Necessary terms
A deposit is an amount of money that a depositor gives to the bank as an investment under certain conditions.
For the fact that a banking organization uses the depositor's funds, he receives a remuneration - the interest rate on the deposit.
All the terms of the deposit transaction are placed in the most important regulatory document - the deposit agreement.
An individual - a private citizen - can act as a depositor, as well as entity- a company or organization.
What is its meaning
For each purpose there are deposit programs that offer the maximum profitable terms... Deposits in foreign currency are the most attractive for clients.
This happens for several reasons:
- currency stability;
- low risk of depreciation of funds;
- high profitability even with low interest rates.
But it is worthwhile to understand that it is best to distribute funds for deposits in several currencies. This provides greater reliability.
After all, even if a deposit in one currency depreciates, the benefit will still be accrued for the other.
What regulations governed by
The main document that regulates the activities of banks is.
It talks about how a bank should operate and register, and how it needs to work with customers and the government.
It describes the deposit agreement, the procedure for its registration and filling, but it also talks about their accrual and payment directly to the depositor.
Design features
When making a deposit in foreign currency, you should understand several features of this process. The depositor should perform the following actions:
- Select a deposit and calculate its cost.
- Submit to the bank and bring documents.
- Execute a deposit agreement.
- Place funds in a deposit account.
These steps will follow one after the other, and the main thing is the bank's decision to place a deposit.
So, when calculating the yield, it is worthwhile to understand that a banking organization can change the interest rate in the deposit agreement.
Another feature is small interest rates. All indicators in foreign currency will differ from ruble deposits.
This is due to exchange rate fluctuations. And in relation to foreign exchange transactions, such interest rates will be fair and profitable.
It should be understood that not all bank deposit programs provide for currency operations... Therefore, this item must be clarified in advance.
How to open a foreign currency deposit at a high interest rate
Interest rates on foreign currency deposits in Russia are quite low. These are indicators that range from 0.3% to 2% per annum. At the same time, getting the maximum rate at the rate is not easy.
It should be noted that there are two groups of deposits - standard and large. In the first case, the deposit will be characterized by:
- minimum down payment;
- average interest rate;
- a variety of additional functions of the contribution.
The second type of deposits is designed to multiply your fortune. it large deposits that can be opened if you have an amount of more than 5 thousand US dollars or euros.
Such deposits are different strict rules about partial withdrawals and replenishment. But the rates on them are set the highest.
Therefore, there can be two design options here:
- A large deposit that is placed for a long period.
- Average deposit with rollover. This will allow even with small amount, for example, 500 euros, get a good profit.
How the rate is calculated
Interest rates on foreign currency deposits are calculated in accordance with the standard rules. In this area, a significant role is played by the period for which the depositor places his money in the deposit account.
So, the longer the term is chosen, the higher the rate. At the same time, the amount of the deposit can be different - both USD 500 and USD 10 thousand.
The most profitable from the point of view of calculating the rate will be to place several deposits in different foreign currencies. This will give more favorable interest rates and the profitability of the deposit will be higher.
Dollars
For dollar deposits, the indicators are at rates starting from 0.3% per annum. This value is used for deposits with a short storage period.
If you extend the term of the deposit, you can get the maximum interest in the form of 1.5 percentage points. These indicators are relevant only for small deposits.
As for large investments, here the starting interest rate is 1% per year. Only by increasing the duration of placement can you reach 2%.
Interest on dollar deposits can be accrued both monthly and at the end of the storage period. The client can choose this option himself.
But when forming the indicator of the interest rate, this point will matter. Since the second option is beneficial for the bank.
Payment of interest at the end of the term allows the banking organization to be sure that the client does not terminate the agreement ahead of time.
Euro
The main feature of euro deposits is that they have the lowest interest rates. Typically, the figure starts at 0.1%. This fact is easily explained.
The fact is that the euro is:
- stable currency;
- the risk of a collapse of this currency is extremely low;
- the euro exchange rate against other currencies is very favorable.
That is why deposits in this currency have low interest rates. But this does not reduce the amount of profit that the depositor will receive from such a deposit. After all, the rate can be increased by concluding a long-term deposit agreement.
In which bank is the best rate
In order to get a profitable deposit, you should pay attention to the rate indicator. V different banks this figure will differ. Moreover, there may be a difference in two times.
Here the depositor should be careful and check banking organization... Since the size of the deposit rate will depend on the liquidity of the bank and its level of income.
Sberbank
This bank offers several programs in foreign currency. These are both dollars and euros. For all programs for the euro, there is an initial contribution of 1,000 and a maximum period of one year.
For US dollars, a contribution of 20 thousand is required for three years. As for interest rates, there is a difference depending on the deposit program:
For euro deposits under any program, the rate does not change and will be 0.01% per annum.
It should be noted that capitalization and deposit replenishment can be used to increase the profitability of deposits. But not all deposit programs at Sberbank have such functions.
Raiffeisenbank
This banking institution also offers several programs involving foreign exchange.
But it is worth noting that in this case, according to one of the programs for euro deposits, the rate was increased from 0.01% to 0.2 percentage points.
This is a Triple Benefit offer that does not allow deposits or withdrawals. The amount for euro deposits is 15 thousand. And the placement period is 181 days.
The rest of the programs for US dollars are as follows:
Program | Amount and term | Interest rates,% |
Triple benefit | 1 for a year | 0,7 |
the freedom of action | 5 thousand for 91 days | 0,01 |
Personal choice | Also | Also |
Profitable | 5 thousand for 91 days | 0,01 |
In this bank, interest rates on foreign currency deposits are low. And this is due to the fact that Raiffeisenbank offers short terms for placing deposits.
Alpha bank
In there are proposals for foreign currency deposits that require a large down payment... Accordingly, interest rates in this case are offered high.
There are three programs in total for dollars and euros:
The amounts for deposits for all programs are the same. It should be noted that these are the minimum indicators and with an increase in the amount of the deposit, the bank can offer the client individually other deposit rates.
They will be calculated based on the formula that the bank applies in such cases.
VTB 24
Any of the deposits in VTB 24 can be opened in foreign currency. But offers for dollar deposits have the same indicators, as well as for euros in terms of deposit amounts and placement terms:
In terms of interest rates, the euro, in accordance with the all-Russian trend, will always have one indicator - 0.01%. And it will not change even if the term is extended or the amount is increased.
In US dollars, deposits under various programs have the following interest rates:
At the same time, the higher the rate, the more restrictions - a ban on replenishment of the deposit and partial withdrawal of money from the account.
Gazprombank
Many suggestions for contributions. However, they differ in additional functions and, accordingly, in the size of the bet.
Here you can get a deposit in dollars with an initial payment of 10 thousand and place it for a period of 91 days to a year. Euro deposits are processed as well.
In this case, the rates for the programs for both currencies will be as follows:
This bank has the most favorable conditions for deposits, based on the fact that the amount of contributions is small.
Plus, in some programs there is a replenishment function, which allows you to accumulate funds and receive interest on interest payments.
Underwater rocks
When making a deposit, it is worth remembering that high rate- not always a big profit. Indeed, in accordance with the law, deposits of individuals may be taxed.
But for this, the interest rate on a deposit in foreign currency must reach 9% per annum. In the opposite case, pay tax levies not necessary.
It is known that knowledgeable investors advise not to put eggs in one basket - to keep money in different places. For example, open a deposit, buy stocks or currency. But if it is better for many not to get involved with stocks and bonds, since you can burn out badly, then open deposits not only in rubles (see the table of interest rates for ruble deposits of Sberbank), but also deposits in foreign currency - dollars and euros - this is good way investing money.
Deposits in foreign currency for Sberbank clients are a chance to earn on interest and exchange rate fluctuations in 2019.
You need to know that deposits in foreign currency in Sberbank are insured by the state, but payments, in the event of a license revocation, are made in rubles. Although, of course, Sberbank customers do not have to worry. The bank's reliability is beyond doubt.
What foreign currency deposits are there in Sberbank today?
Sberbank's line of savings programs in foreign currency includes three main types of deposits:
Save - with the maximum rate,
Replenish - with the possibility of replenishment,
Manage - with the possibility of partial withdrawal of money without loss of interest.
Deposits are opened both at the branch and remotely.
What currency can you open deposits in Sberbank
Deposits in foreign currency with Sberbank of Russia today can only be opened in US dollars, and a Savings Account is issued in euros.
✓ In dollars
To apply for a foreign currency deposit at Sberbank of Russia, it is enough to have $ 100. But some deposits minimum amount the contribution is 1000 US dollars. The maximum bet in US dollars can be obtained by opening a non-replenishing deposit without partial withdrawal.
✓ In Euro
Deposits of Sberbank of Russia in euros are now temporarily not accepted. Customers wishing to place a euro currency in the bank are offered to use Savings account at a rate of 0.01 percent per annum.
Sberbank deposits in foreign currency in 2019: base rates
These terms and conditions and interest rates are for regular customers who do not have premium packages services.
Deposits "Save" and "Save Online"
A deposit to receive a guaranteed maximum income.
Conditions
☑ Non-refillable
☑ Without partial removal.
without capitalization
with capitalization
Term and amount |
1-2 m. |
2-3 m. |
3-6 m. |
6-12 m. |
1-2 g |
2-3 g |
3 g |
0.65 / 0.65 |
|||||||
0.75 / 0.75 |
|||||||
0.80 / 0.80 |
|||||||
0.85 / 0.85 |
Deposits "Replenish" and "Replenish Online"
A replenishing deposit for those who prefer to save and save their funds regularly.
Conditions
☑ Refillable
☑ Without partial removal
☑
☑ Minimum amount: $ 100.
Interest rate
without capitalization
with capitalization
at registration in the department and online betting today are the same:
Term / amount |
3-6 m. |
6-12 m. |
1-2 g. |
2-3 g. |
3 g. |
0.30 / 0.30 |
|||||
0.40 / 0.40 |
|||||
0.45 / 0.45 |
|||||
0.50 / 0.50 |
Deposits "Manage" and "Manage Online"
A deposit with the possibility of replenishing and withdrawing part of the funds without losing interest.
Conditions
☑ Refillable
☑ With partial removal
☑ Minimum amount: 1,000 US dollars.
Interest rate
without capitalization
with capitalization
when registering at a branch and online, the rates are the same today:
Term and irreducible balance |
3-6 m. |
6-12 m. |
1-2 g. |
2-3 g. |
3 g. |
0.20 / 0.20 |
|||||
0.25 / 0.25 |
|||||
0.30 / 0.30 |
Sberbank Premier deposits in foreign currency: increased rates
Sberbank's foreign currency deposits with increased interest rates can now be opened by clients with the current Sberbank Premier / Sberbank First service package. They are issued by a personal manager or Sberbank Online. The line of deposits in Sberbank Premier currency is similar to the basic one, only the minimum deposit amount and interest rates are higher.
Deposit "Special Save"
Available for registration only for individuals with the Sberbank Premier / Sberbank First service package.
Conditions
- Term: from 1 month to 3 years inclusive;
- Replenishment: not provided;
Interest rates
up to 1.15% in US dollars.
Deposit "Special Replenish"
Conditions
- Term: from 3 months to 3 years inclusive;
- Minimum amount: USD 50,000;
- Replenishment: provided;
- Partial withdrawal without loss of interest: not provided.
Interest rates
up to 0.75% in US dollars.
Deposit "Special Manage"
Conditions
- Term: from 3 months to 3 years inclusive;
- Minimum amount: USD 50,000;
- Replenishment: provided;
Interest rates
up to 0.55% in US dollars.
Deposits Sberbank First in foreign currency: maximum rates
The interest rates on these premium deposits are higher than those of conventional deposits. But the minimum amount is also higher. Deposits today can only be opened in dollars. This can only be done by clients with an active Sberbank First service package.
Deposit "Leader Save"
Available for registration only for individuals with the "Sberbank First" service package.
Conditions
- Term: from 1 month to 3 years inclusive;
- Replenishment: not provided;
- Partial withdrawal without loss of interest: not provided.
Interest rates
up to 1.65% in US dollars.
Deposit "Special Replenish"
Available for registration only for clients with the Sberbank Premier / Sberbank First package of services.
Conditions
- Term: from 3 months to 3 years inclusive;
- Minimum amount: USD 150,000;
- Replenishment: provided;
- Partial withdrawal without loss of interest: not provided.
Interest rates
up to 1.25% in US dollars.
Deposit "Special Manage"
Available for opening only by individuals with the Sberbank Premier / Sberbank First service package.
Conditions
- Term: from 3 months to 3 years inclusive;
- Minimum amount: USD 150,000;
- Replenishment: provided;
- Partial withdrawal without loss of interest: provided.
Interest rates
up to 1.00% in US dollars.
Conditions for calculating interest on Sberbank deposits in foreign currency
Interest is calculated monthly.
Accrued interest is added to the amount of the deposit, increasing income in the following periods.
Accrued interest can be withdrawn, as well as transferred to the card account.
Conditions for early termination of foreign currency deposits of Sberbank
at any unforeseen situation, if you need money before the expiration date of the deposit, you can always get it.
✓ for deposits for up to 6 months (inclusive) - at an interest rate of 0.01% per annum
✓ for deposits for a period over 6 months:
If a deposit is called up within the first 6 months of the main (extended) term - based on an interest rate of 0.01% per annum;
If a deposit is called up after 6 months of the main (prolonged) term - based on 2/3 of the interest rate established by the Bank for this type of deposits as of the date of opening (prolongation) of the deposit.
In case of early termination of the deposit, interest is recalculated without taking into account the monthly capitalization of interest.
How to open foreign currency deposits of Sberbank
In the department:
- - Contact the Sberbank branch in your region with a passport or other identity document.
- - Sign the deposit agreement.
- - Deposit the amount in US dollars into your account.
- - The contribution is open.
Remotely:
- - Log into Sberbank Online and select the "Deposits and Accounts" section.
- - Select the menu item "Deposit opening".
- - Read the terms of placing funds and choose the appropriate deposit. Click Continue.
- - Fill out the application: select the account to be debited, the amount to be credited and the term. Click Open.
- - The contribution is open.
How to issue foreign currency deposits Sberbank Premier or First
Yes, such deposits are insured. Article 5. Federal law No. 177-ФЗ dated 23.12.2003 has a list of funds for which state system insurance does not apply. There are no foreign currency deposits. Also, a direct indication of the application of the insurance in question to funds in US dollars, euros, etc. is in part 6 of article 11 of the aforementioned Federal Law.
Therefore, if a bank's license is revoked or a moratorium is applied to it to satisfy the claims of its creditors, if there is a foreign currency deposit in it, you can safely apply for compensation. Everything necessary actions will be identical, as when investing in a commercial structure of Russian rubles.
What amount is insured by the state for foreign currency deposits?
Sum insured for deposits opened in foreign currency is identical to that which applies to products placed in Russian rubles... That is, it corresponds to 1.4 million rubles. Reimbursement of compensation is also made in national currency.
The calculation is carried out at the rate The central bank Russian Federation, at the time of the onset insured event... That is, the established on the day the bank's license was revoked or the moratorium on the satisfaction of creditors' claims was applied to it.
All of the above conditions are spelled out by law in part 6 of article 11 of the Federal Law No. 177-FZ of 23.12.2003 “On insurance of deposits of individuals in banks of the Russian Federation”.
Why do banks set such a small percentage on deposits in foreign currency?
The interest rate on all deposits, both in rubles and in foreign currency, is based on different parameters. One of them is inflationary risks. That is, the loss of the real value of funds while they are in the bank. This indicator is minimal for foreign currencies. Respectively, credit institutions establish minimum interest for deposits in US dollars, euros, pounds, etc.
It is not the first year that foreign currency has been an effective investment tool. However, keeping cash at home is fraught with the complete loss of all savings due to the high risk of fraudulent activities. Long-term and short-term bank deposits in foreign currency are considered a much more profitable and safe solution in this case. You just need to put your money into a special account and receive a stable profit without fear for their safety.
About the product
A profitable deposit in foreign currency has a number of advantages over other investment instruments:
- currencies of individual countries tend to grow against the Russian ruble;
- registration of one or several accounts allows you to diversify financial risks;
- issue a short-term Bank deposit it is possible not only in dollars or euros, but also British pounds, Japanese yen, RMB and etc.;
- the rate on foreign currency is also attractive in that all options of ruble products are applicable for such deposits - capitalization, replenishment, partial withdrawal, remote control, etc .;
- the state insurance system provides reliable protection for the invested funds.
Profitable bank rates on deposits today are offered by many financial institutions Moscow and regions. Moreover, the minimum investment threshold often does not exceed 50 USD (EUR, etc.). You can also deposit money in Russian rubles - the amount is converted according to the current exchange rate.
Keeping savings in foreign currency accounts in banks is especially beneficial if you make frequent or regular large purchases in foreign currency.
Where to find and how to register?
Finding the most profitable product among a huge variety of offers is not an easy task even for an experienced investor. With the help of our service, you can study all currently available short-term deposits with favorable rates offered by banks in Moscow and the regions. Do not miss the opportunity to quickly find and select a deposit with the maximum interest rate and increase your capital!
Market bank deposits Moscow and the Russian Federation are dynamic, almost every day new products appear here or the conditions of existing accounts change. Our specialists continuously monitor the current market situation, update information in a timely manner - you can be sure of the relevance of all the data provided.
All you need is to determine the desired level of profitability, the expected investment period and the amount of the invoice. You will find only the most profitable deposits with us! Do not miss the opportunity to increase your capital, receiving a guaranteed regular income!