The best rates on deposits in euros. Is it profitable to invest in euros and what is the risk? The best deposits in euros at high interest rates
Deposits in euros are quite popular among the population. Bearing in mind the situations when the ruble sharply lost value, Russians try to make at least part of their savings in other monetary units, and the European currency is necessarily present in such a “multi-currency basket”. We will tell you in the article what nuances you need to pay attention to in order to preserve and increase your savings using this banking instrument.
How much to receive
The profitability of the deposit depends primarily on the interest rate. And although they are small in euro terms, banks offer more or less depending on other terms of the contract:
As a rule, the most attractive percentage is given for investments of a large amount without additional options. But before choosing for maximum profitability, decide whether you really do not need the listed opportunities. A special deposit calculator will help you calculate your income for different products so that you can see the difference and make an informed decision.
Take care of safety
The main thing that distinguishes deposits in foreign currency is the peculiarities of the reimbursement procedure in the event of revocation of the bank’s license to operate. Investments of individuals are insured by the DIA, and in the event of an insured event, the invested funds are up to 1.4 million rubles. will be paid. Currency balances are converted into Russian monetary units at the exchange rate on the closing day of the financial institution where the money was kept. It is impossible to predict the exchange rate dynamics between this day and the start of payments in advance. Therefore, a mistake in choosing an institution in which to invest money carries several risks:
Even if the rates were stable, you will have to worry, and the commission will “eat up” part of the income. Therefore, be sure to look at the bank's reputation before entrusting your money.
Choose wisely
You will find everything you need to make a decision on a deposit on the website. There are lists of banking offers with brief and detailed descriptions, a convenient request form, information about banks, including official ratings and those made using the portal’s methodology, as well as a calculator for calculations. All that remains is to make a choice.
Opening a deposit in a bank is quite simple, and the procedure itself has recently become in demand among the population.
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After all, it is the deposit that allows you to earn money on your own money without risking its safety, and all responsibility for this lies directly with the bank.
Separately, we should highlight deposits in euros, which allow you to get a good interest rate, but you need to provide money in foreign currency.
But in general, the same rules apply for a deposit in foreign currency as for a standard deposit.
Considering that most banks accept such deposits, you should figure out how to open deposits in euros in 2019.
This is an extremely important procedure, the success of which determines the future of the deposit and the level of income from it.
At the same time, the agreement that is formed between the parties and fixes the details of the transaction is extremely important.
general information
The contribution can be made by both individuals and investors, and there is practically no maximum currency limit.
As a result, a person can invest any amount and receive interest on it, which is set at a standard rate negotiated between the bank and the client.
Basic Concepts
In order for cooperation to be as productive as possible, it is necessary to understand at least the basic terminology.
Thus, the concept of a bank should mean a financial organization that works with the population, issuing, accepting deposits and making a variety of payments, including interbank ones.
To obtain bank status, an institution must fulfill certain requirements, and as a result receive from the Central Bank of the Russian Federation.
A deposit is a certain amount of money, which, after being provided to the bank, is included in circulation and used for its intended purpose.
It should be noted that the benefits of a deposit in euros will be higher than those in rubles, despite the lower rate.
What is its meaning
The deposit allows you to receive a certain profit from your own funds deposited in the bank, and at the same time the client will not lose money even if the institution’s deal does not turn out to be profitable.
Deposits also allow you to accumulate funds for any purpose or simply increase the amount of funds available to a person.
If the deposit is long-term, then there is even an opportunity to save for an apartment or a car, as well as other expensive purchases.
Legal basis
The main law for banks is the law, which clearly states all the operating conditions of banks, the rules of cooperation with clients, as well as the order in which all operations are carried out, including deposits from the public.
Design features
Making a deposit in euro currency follows a standard procedure. But for the success of the transaction, it is better to familiarize yourself with some aspects in advance:
The procedure for placing funds contains the following steps:
- selection of a banking organization and deposit program;
- calculating income from placing money in an account;
- and documents to the bank;
- signing the agreement and opening a deposit account.
Only after the transaction is concluded, funds are placed in a deposit account.
Bank customers usually have the option of transferring money from their accounts through online banking or a mobile banking app.
Conditions for placing funds
In order for the transaction to be convenient for the depositor, he must understand that any banking organization offers a deposit under certain conditions for a reason.
They can be chosen by the investor himself. It all starts with a simple amount, term and interest rate. These indicators constitute the percentage of the deposit.
But it’s worth remembering about additional deposit options. They provide the opportunity to more easily manage your deposit, but at the same time take away several points from the interest rate.
So, there are several basic deposit conditions that a depositor may need:
Replenishment In this case, you are allowed to deposit funds into the account. This option is applied to programs with a small initial payment and it allows you to accumulate a sufficient amount of funds at the time of completion of the transaction Partial withdrawal This option allows for constant currency exchange. Usually, along with withdrawals, there is also a deposit. Thus, the depositor can freely withdraw and return funds to the account, using them at his own discretion, while receiving profit from the deposit This additional deposit feature is designed to increase your income. Since interest payments for each month are added to the principal amount of the deposit List of documents
To register a deposit, you must provide the following documents:
- application for placing a deposit according to the bank form;
- passport of a citizen of the Russian Federation.
The banking organization uses these documents to open a deposit account and draw up a deposit agreement. No more paperwork is required to receive a deposit.
But there are exceptions in the form of deposits under preferential programs. Then you should provide papers of the following type:
- certificate of accrual of pension payments;
- pensioner's ID.
In most cases, it is pensioners who are eligible for preferential deposits on improved terms.
Which banks in Moscow are more profitable to open deposits in euros (interest rates)
To open a deposit profitably, it is worth comparing the conditions in different banking organizations. Since interest rates for deposits in euros are not too high, it is necessary to find the best option.
Plus, you should only apply for registration from an organization with a good rating.
Due to the high risk of losing funds, large banks become the best option for receiving a deposit.
Sberbank
You can make a deposit in euros at Sberbank using three programs. Moreover, each of them has its own characteristics:
For any of the programs, the initial contribution will be 100 euros. The maximum size of placement juice is one year.
Therefore, the interest rate on all deposit offers is 0.01% and does not increase.
VTB 24
All deposits in VTB 24, which are opened in euro currency, have an amount equal to 3 thousand. But the terms of placement will fluctuate depending on the program:
VTB
offers to deposit from 100 euros for 91 days using several deposit programs:
- Pension;
- Maximum height;
- Maximum comfort;
- Maximum income.
In all cases, the interest rate for a euro deposit does not exceed 0.01%.
Opening
The main part of the programs for euro deposits in this banking organization starts from 15 thousand and is placed for 12 months:
For smaller transactions, the following programs and deposit rates are provided:
Binbank
All deposit programs in this bank provide for interest capitalization. Therefore, interest rates may be slightly lower.
Raiffeisenbank
For euro currency, this banking organization has only two deposit programs:
The programs offer both monthly interest payments and their capitalization.
Promsvyazbank
There are several programs at Promsvyazbank with which you can get a good income from a euro deposit:
Contribution Rate, % per year Amount and period Wallet 0,01 12 thousand per year My benefit 0,3 300 for 3 years Growth prospect 0,1 45 thousand per year Perspective - expendable 0,25 60 thousand for 731 days Rosbank
Rosbank offers deposits in euro currency only within the framework of a multicurrency deposit. The indicators for it will be as follows:
Sum 14.5 thousand Term 12 months Interest, % per year 0,2 Tinkoff
This bank offers its clients two types of deposits - standard and with a higher rate.
For all programs there is the possibility of withdrawing money and replenishing it. You can activate the interest capitalization service every month.
Deposit indicators will be as follows:
Credit Bank of Moscow
There are several programs through which you can make a contribution to the ICD. In this case, the deposit amount must be 100 euros and the maximum placement period is 370 days.
The rates will be as follows:
Alpha
In this banking institution it is possible to make a deposit in euros under three programs:
Capitalization of interest rates is available for all deposit programs. The first two deposits can be replenished throughout the entire deposit period.
Post Bank
This banking organization is a large institution operating in the regions. However, none of the three deposit programs provide for deposits in foreign currency.
You can open a deposit only in Russian rubles. Neither euro nor dollar deposits are accepted here.
Advantages and disadvantages
The difficult economic situation is stimulating demand for time deposits in euros. Against the background of the Russian ruble, foreign currency looks much more reliable and enjoys the stable love of investors, despite the low rates offered by banks. In the article we will talk about where it is more profitable to open a deposit in European currency, and what interest rates the largest financial organizations in the country offer their clients.
What do leading banks offer?
– this is the highest percentage and the opportunity to get maximum income. An account can be opened for a period from 1 month to 3 years in an amount of only 100 euros (the low amount is one of the main advantages of Sber over its competitors). Interest is calculated every month and can be withdrawn or added to the principal amount. The maximum rate is set not for 3, but for 1-2 years, the most favorable conditions apply to clients who invest at least € 20,000.
It is slightly inferior to the previous program in terms of profitability, but allows you to make additional contributions. You can deposit money for a period of 3 months. Interestingly, when moving to the next amount range, the rate automatically increases.
The lowest interest rates are charged on the euro currency, but it is suitable for investors who want to withdraw money and replenish their account. It differs from other programs in the high amount of the down payment (€ 1000) and the increasing rate (subject to the conclusion of an additional agreement). Even with the maximum placement amount, the maximum bet is not encouraging.
At VTB 24, the minimum deposit amount is the highest - 3,000 euros, a deposit can be made for a period from 3 months to 5 years, accurate to one day, the interest calculation scheme is similar to Sberbank. ", judging by the name, is the bank's most profitable product. Opens for a period of 395-545 days and for an amount from € 50,000. If you want to replenish your account, then the “Accumulative” deposit is suitable for you, but the interest on it is slightly less - 0.10% -1.92% per annum. The most flexible conditions apply to the “Comfortable” deposit with the possibility of replenishing and withdrawing funds.
Alfa-Bank offers a large selection of deposits in European currency. The minimum placement amount for all deposits is € 500, the period ranges from 92 days to 3 years. Investors can receive the maximum income for an amount of € 120,000 and a period of 3 years. Monthly interest withdrawals are allowed on the “Premium” deposit, but due to the lack of capitalization, the rate is reduced.
With an individual term and the ability to replenish and withdraw funds, you can earn the maximum percentage in 365-549 days. “Premier” with an increasing rate is suitable for clients who want to make additional contributions and save money. The maximum placement period is 1 year.
Despite the large selection of deposit programs at Rosselkhozbank, I would like to focus on basic products. The bank's programs are characterized by a low placement amount (from 100 euros) and flexible terms for the calculation and payment of interest. Income can be received at the end of the term, withdrawn monthly or added to the principal amount, although the size of the rate will depend on this.
The “Classic” deposit allows you to receive maximum income provided that interest is paid at the end of the term and the deposit is issued for a period of 1095 days. The “Accumulative” deposit with an increasing rate upon replenishment allows you to receive significant income if you place more than 30,000 euros for a period of 730 days. The “Managed” deposit has the lowest rate with a minimum balance of 15,000 euros, but the client can withdraw money and replenish the account at a convenient time.
It is difficult to get a good profit at Raiffeisenbank, but the maximum income is accrued on the “Personal Choice” deposit with monthly capitalization or interest payment to a separate account. Deposit replenishment is allowed. With a minimum amount of € 3,000, the interest is the lowest. The “Freedom of Action” deposit with an individual term is suitable for clients for whom it is important to have access to money. The minimum placement amount is also the minimum balance and is € 3,000.
How to get maximum profit?
We have reviewed the conditions presented in the country's leading banks, and now let's analyze the profitability of deposits with maximum rates with an placement amount of € 10,000 for 1 year, taking into account capitalization. On the “Save” deposit from Sberbank, the profit is 85.33 USD, on VTB 24 on the “Profitable” deposit - € 80, because a higher rate is set after 395 days, and on the “Victory” deposit from Alfa-Bank - 222 euros (this is the most profitable product of all presented). As for Raiffeisenbank, here for 10,000 USD. income is € 40.18 - this is two times less than that of VTB 24 and Sberbank.
Is it possible to get a higher income?
Let's not deny that interest rates in the country's largest banks are not the highest; many credit organizations offer more favorable conditions. However, you should not mindlessly chase high income, because, despite state deposit insurance, you can spend a lot of time and nerves getting your money back. Therefore, when deciding where to open an account, pay attention not only to the interest rate, but also to the reliability of the bank. Below, for comparison, we will consider deposits in euros with high rates offered by other credit institutions.
At Arksbank you can open the “Profitable+” product in the amount of 3,000 euros. The rate does not depend on the placement amount and for a period of 367 days is 5% per annum. Account replenishment is allowed, and interest is accrued every three months. They can be withdrawn or added to the principal deposit amount.
A “classic” deposit from Baltika Bank is issued in an amount from 50 euros, the rate reaches 4.4% for a period from 181 days to 732 days. It is possible to replenish the account, and interest is paid at the end of the term. And in Interkommerts Bank, under the “Maximalist Plus” program, you can receive an income of up to 4.50% per annum when placing more than 20,000 euros for a period of 367 days.
At Renaissance Bank, the “Classic” deposit accrues up to 4.25% for a period of 367 days and an amount of € 40,000, but even with a minimum amount (500 USD) there is a decent rate of 3.75% per annum. In Moskommertsbank, for the deposit “On favorable terms” the amount of the first payment is only € 300, the rate is also quite high - 3.50% per annum and replenishment of the account is allowed.
Home Credit Bank offers to issue a “Profitable Year” deposit for 12 months in the amount of € 100, with the possibility of replenishment and a rate of 3.56% taking into account capitalization. At the moment, this is one of the most interesting offers due to the combination of flexible conditions, a small amount and a fairly high rate.
How to make the right choice
Our review showed that systemically important banks offer rates that are an order of magnitude lower than the average credit institutions. At the moment, they do not need an influx of fresh currency, especially against the backdrop of a massive decline in the issuance of foreign currency loans.
As for deposits in European currency, in our turbulent times, the priority for most depositors is not the amount of interest, but the reliability of the bank, which is why Sberbank, VTB 24, Alfa-Bank and Rosselkhozbank are the most popular and do not suffer from a lack of clients. The main advantage of Sberbank and Rosselkhozbank is the small amount of the down payment and flexible conditions, VTB 24 has a higher profitability, but a large placement amount, and in Alfa-Bank you can get the highest profit with a small down payment.
Finally, I would like to say that when making a deposit, it is necessary to take into account not only the maximum rate, but also the ratio of the possibilities of the deposit with the interest that is accrued on the desired amount and period of placement of funds.
In what currency will a deposit bring the highest and most stable income? This question interests every potential investor. How successful will an investment in euros be in the current economic situation, and is such an investment even profitable?
A deposit in any currency is funds deposited by the depositor in a bank or other financial institution for storage and growth. Investments in euros are quite popular among Russian residents, even with today's lower interest rates, which have fallen below 1%.
And only because the euro is stable in its exchange rate, so keeping savings in a currency that is steadily growing is very profitable. Typically, the number of deposits in euros grows rapidly when there is instability in economic markets, both internal and external.
Important: experts advise taking into account the political situation when choosing a currency for a deposit.
Is it worth opening a deposit in euros?
Advantages of these deposits
The advantages of deposits in European currency outweigh the disadvantages:
- First of all, this is stability in relation to the ruble, as well as the strict growth of the euro currency, which contributes to an increase in capital;
- Investing in euros into one, or better yet, several accounts completely diversifies the financial risks of investments without loss of profitability;
- A bank client, having opened such a deposit for a long time, fully protects his funds from inflation;
- These deposits are very convenient for people who make most of their purchases in euros;
- Such a deposit can be opened in almost any bank from 100 euros, making an investment in rubles with subsequent conversion;
- For deposits in euros, almost all acceptable functions are applicable - replenishment, withdrawal, capitalization of interest, monthly transfer of interest to a separate account, etc.;
- All deposits in foreign currency are insured by the state;
- Such an investment earns a certain percentage;
- A deposit can be opened in the name of another person, bequeathed, or donated;
- Anyone can open a deposit.
Closing a deposit
- If the amount is large, you need to call the bank in advance and inform about the date of your visit;
- Since the deposit is closed automatically upon expiration and is also extended under certain conditions, and the client has no desire to cooperate further, the bank should also be informed about this in advance;
- It is advisable to go to the branch where the contract was concluded;
- You need to take your passport and contract with you;
- In case of early termination of the agreement, a special form must be filled out.
Withdrawals
If the deposit is closed according to the schedule, after all the necessary closing procedures have been completed, the money can be received at the bank’s cash desk or by transfer to a plastic card.
Euro deposit rates.If the client withdraws money ahead of schedule, the funds can be received in the same way only after submitting the appropriate application and its approval by the bank commission.
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Deposits in euros for pensioners at Sberbank
The program from Sberbank for deposits for the elderly, if you do not take into account the fact that this is a stable investment, has many advantages:
- The first is the minimum contribution amount of 100 euros;
- Further, the possibility of capitalizing interest at an ever-increasing rate;
- If desired, the client can withdraw interest monthly or transfer it to a separate account;
- Among the additional functions, a special place is occupied by the ability to withdraw funds without loss of interest if the deposit has existed for at least six months;
- Automatic renewal is also offered on original terms.
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Important: the contribution can be bequeathed and inherited. To open a deposit, an elderly person needs to fulfill the same conditions as in a standard situation, only at the same time provide a pension certificate, which will help to receive privileges.
Many leading banks have similar offers, since this category of depositors is beneficial for cooperation.
Conclusion
Deposits in euros are beneficial only because they are stable; by depositing currency in a bank, the client can be absolutely sure that he will not lose - even if the rate is minimal, he will be able to make money on the difference in the exchange rate.
If you have managed to save a certain amount of money, but there is no need to spend it on something right now, then be sure to consider the available options for preserving and increasing your savings. Thus, deposits in euros are becoming increasingly popular. Since this is a stable foreign currency, your funds will definitely not depreciate, and the interest paid by the bank will allow you to receive a good income without having to do anything for it.
Interest on deposits in euros
Due to the fact that we all faced some financial problems due to fluctuations in the exchange rate of our currency, many stopped trusting the Russian ruble and began to transfer all their savings to deposits in euros. This allows you to solve the following important problems:
- even if the ruble suddenly collapses, your money is guaranteed not to depreciate: you will be able to use your funds to buy the same goods and services as before such negative events;
- deposits in banks in euros are insured under the state program, so even if the bank closes or loses its license, you will be compensated for a certain amount (no more than 1,400,000 rubles).
In addition to the fact that you will get a safe place to store your funds, rates on deposits in euros will allow you to receive income and gradually increase the amount of capital. If, in addition, your type of deposit program provides for interest capitalization, then you will receive even more significant income.
But most clients choose this type of deposit precisely for the purpose of preserving capital. This is due to the fact that interest rates on deposits in euros are much lower than rates on ruble deposits. Since in the event of a sharp jump in the exchange rate, the bank will be in a situation where it will be forced to pay you a huge amount of interest in equivalent, low rates are the only option for it to reduce such risks.
However, on a deposit in euros, the rates allow you to receive some income, which, taking into account the stability and international status of this currency, will allow you to increase the available amount of capital.
Which bank is better to open a deposit in euros?
Of course, the main task of any investor is to choose and open the best deposits in euros.
If you start looking for where it is better to open a deposit in euros, then make sure that in 2019 all major banks work with this type of deposits (Sberbank, VTB, Russian Standard, etc.).
Since there are so many offers, it can take you a lot of time to study them and find all the necessary information.
The special calculator on this page will help you cope with this task quickly and easily:
- Enter your initial deposit requirements.
- Click on the search button.
- The system will show you a complete list of all eligible options with a detailed description of the conditions for each.
As a result, you will be able to make an informed choice, and also immediately proceed to making a deposit and submitting an application online.
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