It is profitable to invest money in a bank at interest. In which bank can you invest money as profitably as possible? Where can I invest a small amount of money
The development of modern technologies has greatly expanded the possibilities of additional earnings and increase of available funds. And if you have a certain amount of relatively free funds, then the question immediately arises: where is it more profitable to invest money at interest?
The Internet has long ceased to be just a source of information and entertainment. Today, it offers a large number of ways to increase investment. But are they all so profitable and safe? Which of them give the greatest income with a minimum set of risks? How complex and effective are these methods?
A preliminary analysis of the most popular methods that offer users much better place to invest at interest with great benefit will help answer these questions.
When choosing methods for this TOP, we were guided by such criteria as simplicity, accessibility, the ability to participate even with a small amount of money, and prevalence on the Internet. And how realistic it is to increase your income using one of them, everyone will be able to decide for themselves.
Cryptocurrency purchase
The concept of electronic money (cryptocurrency) appeared relatively recently. Bitcoins were the first cryptocurrency, and when they appeared, they cost almost nothing. However, after a couple of years, the course began to grow rapidly. Such a small excursion into history is not accidental. Even 7 years ago, you would not have spent several thousand dollars on the acquisition of 10 thousand bitcoins, and today more than 3 million dollars can be earned for them.
If we consider the purchase of cryptocurrency as a solution to the question of where to invest money for a short period of time (for a month, two or six months), then this method can hardly be called rational. But at the same time, it is a very promising way of long-term investment. Today there are several types of cryptocurrencies. Before deciding to purchase one of them, it is recommended to analyze its course for a certain period.
Current Bitcoin Rate
1 bitcoin at the time of writing (July 2017), costs approximately $ 2500
Register a cryptocurrency wallet now .
Cryptocurrency mining equipment inversion
If you are not ready to wait for the cryptocurrency rate to change, you can start mining yourself. Consider two classic cryptocurrency mining schemes:
- Purchase of equipment.
- Capacity rental - cloud mining.
Purchase of mining equipment (not relevant at the end of 2018)
The first method involves the purchase of mining equipment (finished farms, asic, components for assembling the farm). Connection of equipment to the electric network and the Internet. Depending on the equipment used, the chosen currency and its current rate, the payback period can start from four months. The cost of a finished farm or asic starts on average from 100,000 rubles.
The equipment generates a lot of heat, is very noisy and requires constant monitoring (can be remotely), so you need a stable Internet, uninterrupted power supply and an area for equipment.
Cloud Mining (Cloud Mining)
If you are not ready to risk large sums to purchase equipment, you can invest in Cloud Mining. For the start, 1.5 dollars is enough, and the annual profit can exceed 200%.
Calculation example for the HashFlare cloud mining service (personally verified!).
Having bought 10 GHS for Bitcoin mining (SHA-256 algorithm) for only $ 1.5, after 12 months there will be $ 3 in the account.
Cryptocurrency is credited to the account daily and there is an opportunity to buy GHs from your own balance.
When buying capacities you enter into a contract for one year, consider this when calculating.
Opening a deposit in a bank
Opening a deposit in a bank - ruble, currency. The Bank is one of the most familiar and affordable places for investing money for a long time without risks and with a guarantee. The risk in this case is minimal, and you are guaranteed, at the end of the deposit agreement, you get your money and earned interest. This can be attributed to the pluses. Deposits up to 1 million 400 000 rubles are insured, which equates risks to zero.
An additional advantage of such a decision is the ability to make a deposit in domestic cash or currency. The main difference between these two options is the size of the interest rate.
Anonymized metal account.
Opening an anonymized metal account (OMS) is the purchase of a virtual precious metal (gold, platinum, silver). That is, you can, including through Internet banking, open the MHI and deposit the amount of metal purchased on it in terms of monetary units. The income from such an investment will depend on fluctuations in the value of precious metals in the domestic and global markets. However, we can confidently say that this method, being a long-term investment, guarantees a good return in the future.
Of the minuses - you have to pay tax on profits, and a low percentage of profitability.
Bidding
Playing the stock exchange is a very common way to get maximum profit in a relatively short time. However, long-term investments are also available here. But if earlier an ordinary man in the street, solving the question of where to invest money for a year, did not consider this method due to the unreality of bidding in small amounts, today this situation has changed dramatically.
The Forex marketplace, the use of PAMM accounts, binary options and the game on the stock markets have become available to almost everyone.
Benefits:
- an opportunity to receive a high stable income;
- the availability of training courses on trading for people without financial education.
Disadvantages:
- the need to undergo special training - only analysis and compliance with the chosen strategy will bring income. Bidding for luck is like playing the lottery;
- rather high risks of losses remain;
- a large number of influence factors that must be taken into account and analyzed.
Online Debt Services
A fairly simple way of investing is offered by the WebMoney electronic wallet system. This is a debt online service that even allows you to invest money for 24 hours at interest.
Such a debt service is an alternative to bank loans. This is where the P2P principle is implemented, when money comes directly from the lender to the borrower on favorable terms.
The main advantage of the service is favorable interest rates for both parties. Interest for the borrower will be lower than for lending for a similar amount in the bank. The lender, on the other hand, receives interest in the online service for his investment that is more profitable than what he could count on using a bank deposit.
Benefits:
- high profitability and passivity of earnings.
Disadvantages:
- risk of loan default. It is always recommended that you carefully study the data of the borrower before issuing a loan.
Startup
When deciding for themselves the question of where it is more profitable to invest money at high interest rates, many begin to search for profitable and promising startups. Startup is a new or under development project based, as a rule, on innovative ideas and new technologies.
Benefits:
- a real opportunity to significantly increase your funds if successful.
Disadvantages:
- finding a really interesting and promising startup can take a lot of time;
- there is no guarantee that the project will be successful;
- such a choice, even if successful, can easily grow from the expected medium-term investment into a long-term one.
Hype
The network also offers such methods to quickly and very profitably invest your money at fabulous interest - HYIPs. This abbreviation comes from the English "High Yield Investment Program" and translated into Russian means - an investment program that brings high income.
According to some, hype is the most natural fraud, very reminiscent of a financial pyramid, where participants are promised a very high income without any effort. All that is required of the participant is money. But on the other hand, the fact that there are a certain number of people who were able to make big money on such projects cannot be denied.
Benefits:
- very high profitability.
Disadvantages:
- very high risks, because it is never known at what exact moment the project will cease to exist. For this method, statements like “have time to skim the cream” and “only the first ones win” are the best suited.
We can conclude that if you decide to invest your money in this way, then you should choose a project that started recently. It is highly desirable to have time to get out of it in time.
Even more interesting
You can increase capital in various ways, and one of the safest is a bank deposit. A person can be sure that he will not lose his money under any circumstances. Another question is, will it be possible to invest in a bank at a high interest rate with a guarantee? After all, a deposit is not the most profitable option for generating income. Such an investment will not bring significant profits, however, there is still profitability from deposits in the bank.
Is it possible to invest in a bank at a high interest rate with a guarantee
Investing in a financial institution primarily allows you to save capital. Because the funds will be safely stored on deposit, and the client will be able to pick them up after the contract expires. Another question is whether it will be possible to earn on your contribution, and whether the profit will appear monthly.
Of course, there are proposals that allow you to invest money profitably. Also, many institutions guarantee a refund even in the event of bankruptcy. Therefore, people can contact the bank in order to arrange a deposit with favorable interest.
If you decide to invest as a deposit, then it is important to choose the right bank. Because not every financial institution offers favorable conditions. Pay attention to the interest rate, because it determines profit. You should also be sure of the reliability of the organization so as not to lose money. Consider how you can profitably invest your money, and which banks are suitable for this.
The list of financial institutions for Russia:
- Sberbank - deposit “Savings Certificate”. The minimum registration period is 91 days, and you can put from 10 000 rubles. If, say, you use 100,000 rubles, then you can count on 5.2 percent per annum. Accordingly, for the year you can get 5,200 rubles, and for 90 days - 1,300 rubles.
- Alfa-Bank - “Victory +” deposit. Minimum money can be put in for 92 days, and at 6.8% per annum. Note that the amount will be insured, so a person will not lose funds under any circumstances.
- Gazprombank is a contribution from Otstupnoy. A person can open a deposit for 91 days at 7.1% per annum. If you use 100,000 rubles, then in three months you can get 1,775 rubles. You cannot replenish or withdraw money before the end of the contract.
- Otkritie FC - “Premium” deposit. The shortest period is 91 days and the interest rate is 7.2%. Note that the interest on the deposit can be obtained only at the end of the contract.
- VTB 24 - “Profitable Online” deposit. The interest on the deposit is 7.4%. You can invest at least 91 days in advance. Accordingly, if you put 100 000 rubles, then for three months you can get 1 850 rubles.
- Russian Agricultural Bank - Classic Online deposit. As a minimum, you can put 3,000 rubles at 7.75% per annum. For three months you can make a profit in the amount of 1 937 rubles, if you put 100 000 p.
- Binbank - deposit "Summer". The interest rate is 8.5%, but the smallest amount is 50,000 rubles. You can make an investment only for 150 days. Note that the client can increase the size of his investment during the first 10 days.
- Promsvyazbank - “Investment income”. You can open it only for 184 days, while the interest rate is 9%. Accordingly, if you put 100 000 p., Then you can get at the exit 4,500 rubles.
A person will only have to choose which option suits him. Of course, investing is beneficial in those financial institutions that offer a high percentage. If a person wants to receive a monthly income, then the rate will not be high. Because a good percentage is offered for longer periods. A foreign citizen from Uzbekistan, Belarus, Ukraine, and Kazakhstan should consider options in his country. Because the above proposals are intended for Russia.
Be sure to familiarize yourself with the conditions that the financial institution offers. Moreover, in the analysis it is worth paying attention to specific points. First of all, you need to familiarize yourself with the currency that is allowed to be used. Investing dollars or euros is more profitable now, but rubles are better to use in the case of small amounts.
You should look for a large interest rate, because the higher it is, the more profitable it is to invest. It is also worth knowing if it is progressive. The most preferable condition is the presence of capitalization, because then the rate will be higher than the nominal.
It is also important to choose the term correctly in order to get good profit. Naturally, the longer a person waits, the more large a sum will be given to him at a time. However, short-term deposits can also be profitable, so they should not be immediately swept away. In general, the person himself must decide for what period it is more convenient for him to conclude a contract.
Another important point is the ability to replenish and withdraw money. For some people, it is important that you manage your finances. Not every deposit can be replenished or cashed before the end of the contract. Therefore, before investing money, you should study the bank's website, as well as visit it personally and ask employees about the conditions in detail.
Before making a bank deposit, it is worth deciding on its purpose. For example, people, in particular pensioners, can save up for old age. Other citizens want to save money from inflation. There are those who want to live on interest, it’s more useful for them to choose the option with a monthly high income.
In any case, you should not rush, and you need to get guarantees from the bank. It is also necessary to familiarize yourself in detail with the conditions that the organization offers. Be sure to decide whether it will be more profitable to use dollars or another currency. It is also worthwhile to calculate the period and the profit that will eventually be obtained.
Important! Separately, we note that it is worth making sure that the bank has a state insurance guarantee on deposits. Because in this case, with the bankruptcy of the institution or other negative events, it will be possible to return the money.
This will be more reliable, because a person will definitely not lose his money. Therefore, you should not want to get very high interest in banks that do not have guarantees. It is worth transferring funds only to those organizations that are definitely not deceived.
There are a number of troubles that investors face. You should know about these problems before opening a deposit. First of all, inflation occurs regularly. For example, back in 2010, for 100 rubles, 4 packs of milk could be purchased, and now, at best, two packs. That is, the purchasing power of the amount decreased. Accordingly, due to inflation with a long-term contribution, you can not only not increase your capital, but, conversely, be at a loss.
Another difficulty is the bankruptcy of banks, in particular we are talking about young institutions. People are chasing a high percentage and open a deposit in them. However, after a while, the organization becomes bankrupt, and the person loses money. If initially there was no guarantee, then the state will not return the money.
Reliable banks, in turn, offer low rates. However, funds will definitely be returned in the event of adverse circumstances. Accordingly, people either have to take a risk or agree to a low percentage. Both options are not the best for investors.
Bank deposits have both their positive and negative sides. They should be considered before investing. Reliability is one of the advantages, because people who choose good organizations do not risk anything. Also, there really is an opportunity to make money, albeit not entirely large. If a person has a very large sum, then he can count on a tangible income.
Of the shortcomings, one can single out the rather low interest rates that customers offer. Therefore, people often can not earn large sums. Of course, income will be, but living on interest only with a small contribution will definitely not succeed.
Another disadvantage is the inability to withdraw money or replenish a deposit. Only in rare cases can people manage their finances. In other situations, you have to wait until the contract expires, because if premature withdrawals of interest are lost. Accordingly, people used to take money only when they are really badly needed.
Deposit - an effective tool for generating passive income. The main advantages are simplicity and accessibility. It is logical to place savings in a financial institution that offers the best interest rates on deposits, but all programs, including high-yield ones, must be supported by a bank reputation and comfortable terms of the contract.
How to choose a bank with a high return on deposit
There are a lot of financial organizations that offer a large percentage on deposits. In addition to the tariff, other conditions of the program are important, for example, the availability of capitalization, the possibility of replenishment and partial withdrawal of money, the rules for terminating the contract. Investors are guided by their own selection strategy, which does not negate the need to follow the general rules.
Financial institution reliability
To reduce risks and obtain security guarantees for the placement of money, you should make sure that the selected credit institution is reliable. According to the rating of the Central Bank of the Russian Federation (hereinafter CBR), the TOP-5 of the most reliable credit organizations include: Sberbank of Russia, VTB Bank of Moscow, Gazprombank, Russian Agricultural Bank, Alfa Bank. Before investing, check the reliability of the selected organization according to the following instructions:
- Consider customer feedback.
- Find out if there are media reports of negative reviews of a financial institution.
- Check out depositary tariff plans. They should not be too high.
- Find out if the bank is participating in the state deposit insurance system.
- The official portal of the Central Bank of the Russian Federation contains information on the reporting of banking organizations. If the liquidity of assets decreases (the share of loans issued is high, the share of money taken is low), the financial institution is going through hard times.
- Check the rating (ranking) of the credit institution. It is systematically published by ARKA, RAEX (Expert RA), S&P Global Rating agencies on open Internet sites and official websites;
- Find out the size of the authorized capital of the selected organization on its official portal, the Central Bank of the Russian Federation website (see the Handbook of Credit Organizations) or through its branch by requesting financial statements for the current year.
Deposit insurance system
The deposit insurance system (hereinafter referred to as CER) is a mechanism for the state to protect the population’s money. In the event of an insured event, for example, a bankruptcy of a credit institution, the money is refunded to the account holder by the Deposit Insurance Agency (hereinafter referred to as DIA). The list of banks that are part of CERs can be found on the DIA official website.
You should not put more than 1.4 million rubles on the deposit account in one bank (the maximum amount for which a deposit can be insured). If the size of your deposit does not exceed the size of the maximum insurance amount, you are guaranteed to return your money in case of bankruptcy or liquidation of a credit institution. DIA has the right to change its size.
What determines the size of the interest rate on a deposit
The process of formation of the depositary tariff is associated with inflation, the level of welfare of citizens, liquidity of the banking system and general indicators of the economy. The key rate is set by the Central Bank of the Russian Federation. The intrabank factor affecting its value is the accrued interest. It can be simple (accrued upon expiration of the contract) and complex (reinvested).
Reduction of the key rate of the Central Bank of the Russian Federation in 2018
The negative dynamics of the national currency exchange rate led to a decrease in the key rate to a minimum of 7.75%. By the fourth quarter of 2018, experts suggest its possible decline to 6.5%. It does not make sense for financial institutions to borrow money from individuals at a percentage higher than the key rate (under such conditions, the bank lends money from the Central Bank of the Russian Federation, which is its regulator), therefore, its decrease entails a drop in depositary rates.
Amount and term of deposit
Depositary tariffing depends on the amount of the cash deposit and the investment term - the more they are, the higher the percentage. Taking into account expert expectations that the key rate will continue to decline, bankers encourage investors to invest in medium-term programs. An increased percentage for long-term deposits that hold large amounts of money may entail additional risks.
Bank conditions in 2018
It is not worth forecasting dramatic changes in the market of depository programs, the indicator is likely to remain at around 7.3%. By the end of 2018, its decline is possible, so it makes sense to hurry up making investments. Banks will seek to increase the profitability of short-term and medium-term deposits. By investing large amounts, you can get up to 8.5% per annum on medium-term deposits.
Types of Interest Rates
Banking institutions provide for two types of interest rates on deposits: floating and fixed. In the first option, the interest level varies during the term of the contract. Such a product is less common and is designed for investors willing to take potential risks. At a fixed rate, the interest remains unchanged during the entire term of the deposit agreement and can only increase if it is prolonged.
Interest capitalization
An increase in the principal amount of a contribution by adding to it interest accrued for previous periods is called capitalization. Further interest accrual is already made on the increased depositary amount. Examples of products with capitalization: “New Year's privilege online” of the Soviet Bank, “SmartVklad” Tinkoff Bank, “Premium Rentier” TKB.
Possibility of partial withdrawal and replenishment
Additional depositing money into an account is called deposit replenishment. For example, if the depositor does not have the opportunity to invest all the money at once, but he is ready to increase the amount to receive preferential tariffing. Partial withdrawal involves the claim of amounts from the deposit without loss of interest. The client is free to manage money and has financial security.
Early closure of the deposit
Banks rarely provide for early closure of deposit agreements without changing the payment procedure. This means a loss of interest accrued for the previous period. If you want to be able to prematurely close your account without loss, carefully study the contract - some credit organizations offer the option of preferential termination and early withdrawal of the balance of money.
The highest interest on deposits
A large depositary interest is the prerogative of small banks. This is an option for special programs that operate for a limited period of time. Frequently stated by the credit institution tariffing is overstated in comparison with the actual. For example, the condition for its receipt is a high threshold of the minimum contribution amount (several hundred thousand rubles). When choosing which bank to put money at interest in 2018, you should look for a financial institution with a good reputation. She will offer average tariffs, but in the long run, the investor will benefit from reliability and benefits.
Offers for regular customers
To support customer loyalty, credit organizations launch profitable stocks that provide for an interest increase to the base rate when prolonging a deposit. For example, Moscow Credit Bank proposes to place money for a period of more than 91 days, increasing interest from 6.5 to 8.5 (Loyal + product). The Binbank program “Maximum Interest” promises an increase in interest upon prolongation of the contract for a period of 6 months to 1 year.
New Year's deposits
Every year before the holidays, financial institutions prepare surprises for their customers - seasonal products that promise maximum interest on bank deposits. The most profitable deposit is a seasonal deposit. It is as popular a form of investment as investing in precious metals. 2018 was no exception - financial institutions pleased Russians with holiday bonuses.
The table shows the maximum interest on deposits at banks at the moment:
Minimum deposit | Period (days) | Rate (%) | Other conditions |
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Soviet “New Year's privilege online” (with sms informing) | Capitalization |
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$ 500 | % monthly |
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Auto-prolongation |
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Rebirth "New Year's percentage" | Preferential termination |
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$ 100 | Early withdrawal |
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Oriental "Christmas - VIP" | Capitalization |
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15 thousand US dollars | Preferential termination |
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Early withdrawal |
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15 thousand euros | % monthly |
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Moscow industrial "Holiday Choice" | Capitalization |
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% monthly |
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Replenishment |
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Bank "Saint-Petersburg" Winter Petersburg | 10 thousand p. | Auto-prolongation |
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$ 500 50 thousand US dollars | ||||
Multicurrency deposits
A distinctive advantage of a multicurrency account is the ability to store money in several currencies at once. Given the volatility of the courses, it is convenient to keep money in an account that allows the conversion of money from one currency to another in one click. The table shows the TOP-3 profitable multicurrency programs:
Bank and product name | Minimum deposit | Rate (%) | Period (days) | Other conditions |
Soviet | % at the end of the term |
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$ 104 | Rechargeable |
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There is an early termination |
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Union of Currencies | % monthly |
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$ 143 | Rechargeable |
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There is an early termination |
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Tinkoff SmartVkont | Capitalization |
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Partial withdrawal |
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$ 196 | There is an early termination |
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Rechargeable |
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% monthly |
Online deposits
Making a deposit remotely, you save resources (your time, the work of an operator), reduce the technical wear and tear of computer banking equipment, and a credit institution stimulates you with preferential rates. Another advantage of online deposits is the ability to place them anywhere in a few minutes. You can also terminate the contract and close the account online.
The table shows the TOP-3 of the most profitable online deposits:
Name of the bank and depository program | Contribution (in rubles) | Period (in days) | Rate (%) | Other conditions |
Premium Rentier | With capitalization |
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% monthly |
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Sovcombank “Maximum income with Halva” | Without capitalization |
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Rechargeable |
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Russian standard "Maximum income" |
How to open a deposit at a high percentage
The amount of passive income depends on the correctness of your choice. To make a decision while searching for the best program, take the following steps:
- Decide on the amount.
- Decide which product suits you best.
- Analyze the conditions for the provision of services of different credit organizations.
- For accuracy, use an online calculator, study the offers on the official website of a financial institution or visit its branch.
- Analyze the terms of the early termination of the contract.
A competent person over 14 years of age who has received a passport has the right to place money on deposit. The client may be a citizen of the Russian Federation (RF) or a foreign state. A pensioner should have a pension certificate with him in order to gain access to benefits. When contacting a credit institution directly, you must:
- Fill out the form, attach to it the documents that are required to arrange the selected deposit.
- Fill out a personal card, leave a sample of a personal signature.
- Check the deposit agreement for the correctness of the data entered by the specialist, sign.
- Check with the consultant for answers to all remaining questions about the selected product.
- Deposit money to the specified account before the deadline indicated in the contract.
- Receive and save all related documents until the end of the contract.
Online action algorithm:
- Select a credit institution.
- Visit her official website, register through the online banking system.
- Log in to your account.
- Open the menu item “Deposits” or “Deposits and accounts” (section names may vary).
- Select the “Open Deposit” option.
- Indicate the card number from which the money will be debited.
- Confirm the operation.
Rating of banks on deposits with the maximum rate in 2018
For several years, credit organizations have not been able to offer customers high depositary rates. At the beginning of 2018, their decline continues. Currently, the rate is from 7.5 to 8.5%. The best deposits in banks of the Russian Federation are indicated in the table:
Product name | Bank's name | Maximum rate,% per annum |
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u.S. dollars | ||||
"Sparkling" | Tauride | |||
"New Year's percentage" | Rebirth | |||
"Savings Plus" | Fora Bank | |||
Loyal + | Moscow credit | |||
"Absolute maximum +" | Bank Absolute | |||
"My income" | Promsvyazbank | |||
"Maximum online" | ||||
"Maximum percentage online" | ||||
"Renaissance Profitable" | Renaissance Credit | |||
"Classical" | Moscow industrial | |||
Urgent Premium |
Bank Tauride Seasonal deposit "Sparkling"
This product can be issued on the official website of the specified credit institution or through its branch. Terms of deposit:
- currency - Russian ruble;
- fee - from 100 thousand rubles;
- term - 91 days;
- interest rate - 8.6% per annum;
- replenishment is not provided;
- no partial withdrawal;
- without capitalization;
- payout% at maturity.
Promsvyazbank "My income"
This product has two advantages: the presence of auto-prolongation (no more than 3 times) and the possibility of registration for a third party. Deposit Terms:
- opening method - through the official website or branch of Promsvyazbank;
- replenishment is not provided;
- no partial withdrawal;
- no capitalization;
- preferential early withdrawal (if the account is closed after the 90th day,% is calculated based on ½ of the rate established at the opening / prolongation);
- payout% at maturity.
Minimum amount Period (days) | Rate,% per annum |
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in Russian rubles |
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in US dollars |
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Binbank Deposit “Maximum Interest (online)”
This is an urgent deposit program with payment of passive income at the end of the main and / or prolonged period (at the client’s choice). Opens online or through online banking. Deposit Terms:
- replenishment is not provided;
- no partial withdrawal;
- early termination at 0.001%;
- prolongation is;
- there is no capitalization.
Amount Range Period (days) | Rate,% per annum |
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in Russian rubles |
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100 thousand - 30 million | ||||
in US dollars |
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300 - 1 million | ||||
300 - 1 million |
Renaissance Credit “Renaissance Profitable”
This product sets a reduced minimum amount when registering a product online: from 5,000 rubles, from 100 US dollars or from 100 euros. There is a program of preferential termination of concessions. Deposit Terms:
- replenishment is not provided;
- no partial withdrawal;
- auto-prolongation is possible;
- no capitalization;
- payout% at maturity.
Minimum Period (days) | Rate,% per annum |
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in Russian rubles |
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in US dollars |
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Moscow Industrial Bank "Classic"
Additional conditions of this product include the possibility of drawing up a power of attorney or testamentary disposition and connecting to a flexible SMS notification system (the difference from the usual notification service is the availability of advanced options that make it possible to manage your own account via SMS commands). Terms of deposit:
- replenishment is not provided;
- no partial withdrawal;
- no prolongation;
- no capitalization;
- payout% at maturity.
Moscow Credit Bank Deposit “Loyal +”
The program has attractive features - increasing interest and guaranteed preservation of income over the past period with early closure of the account. Conditions:
- replenishment is not provided;
- no partial withdrawal;
- no prolongation;
- no capitalization;
- early termination with full preservation of income;
- payout% twice for the duration of the contract.
Bank Vozrozhdenie “New Year's interest”
This is a real New Year's gift for customers. The rate increases depending on the investment period. You can make a deposit online or at an ATM. Conditions:
- replenishment is not provided;
- no partial withdrawal;
- auto-prolongation is possible;
- no capitalization;
- early termination on preferential terms is valid for deposit programs for a period of 181 and 367 days: after 91 days - 4.25% for rubles, 1% for dollars, 0.5% for euros;
- payout% at maturity.
Fora-Bank "Savings Plus"
One of the distinguishing features of this deposit is the ability to replenish your account in cash. It can be issued only through a branch of a credit institution, the currency is the Russian ruble. Terms of deposit:
- replenishment - from 2,000 rubles during the first 92 days of the term (only for deposit programs for a period of 182 days);
- no partial withdrawal;
- no auto-prolongation;
- no capitalization;
- early termination at the rate of “Demand” (0.01%);
- payout% at maturity.
Minimum contribution (p.) | Period (in days) |
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Rate,% per annum |
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Bank Absolute "Absolute Maximum +"
The product supports the option of a large-scale children's campaign of Absolut Bank “Under 18 and under”, which allows parents to open a term deposit “Absolute Maximum +” in the name of their child by presenting his birth certificate. Terms of deposit:
- replenishment is not provided;
- no partial withdrawal;
- there is a prolongation - the rate increases by 0.25% per annum of the one that was valid on the date of extension of the contract when performing from 1 to 5 prolongations;
- without capitalization;
- preferential early termination applies with a deposit term of more than 181 days - at 0.6% per annum;
- payout% at maturity.
Period (days) | Rate,% per annum |
||||||
in Russian rubles |
|||||||
30 thousand - 1 399 999 | |||||||
1.4 million - 2,999,999 | |||||||
in US dollars |
|||||||
1 000 – 10 000 | |||||||
10 000 – 35 000 | |||||||
1 000 – 10 000 | |||||||
10 000 – 35 000 | |||||||
UBRD “Maximum Online”
The lending institution offers the indicated deposit to persons who do not have a deposit or a savings certificate in UBRD. It opens only online. Conditions:
- currency - Russian ruble;
- the minimum contribution is 1,000 rubles;
- term - 180 days;
- for amounts from 1,000 to 999,999 rubles - at 8% per annum, from 1 million - at 7.6% per annum;
- replenishment is possible;
- no partial withdrawal;
- no auto-prolongation;
- monthly capitalization is provided for the choice of the client;
- payout% monthly.
Zenit Bank "Urgent Premium"
Designed to generate increased income from large investments. Together with the program, a credit institution offers additional conditions - preferential receipt of the following bank cards:
- Visa Gold, MasterCard Gold without commission for annual servicing of a card account (hereinafter referred to as KS) for the term of the deposit;
- Visa Platinum without commission for annual service of the COP for 1 year;
- Visa Infinite with a 50% discount on annual service for 1 year.
Deposit Terms:
- replenishment is not provided;
- no partial withdrawal;
- no prolongation;
- no capitalization;
- payment of% at the end of the term to a separate account.
Period (days) | Rate,% per annum |
||||
in Russian rubles |
|||||
5 million - 15 million | |||||
in US dollars |
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Video
January 2019
A bank deposit is one of the best ways to maintain and increase your cash capital. This method of investment can be attributed to the most reliable. From this article, potential investors will find out which bank is better to invest at interest.
Which bank is better to make a deposit?
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Bank deposits are not the highest profit, there are other ways of investing money with higher returns. High-return investments are risky. If the depositor is primarily interested in the reliability of the investment, then in this case a bank deposit at a percentage is perfect.
The choice of bank for the deposit should be taken with a full degree of seriousness. The investor must understand that any way of investing is a risk. To protect yourself and reduce risks, you need to pay attention only to the most popular banks that have a proven and reliable reputation.
When choosing a bank for a cash deposit, most people focus on the amount of annual interest. This approach is not entirely true. As a rule, small banks offer a high percentage on deposits in order to attract as many customers as possible. Large financial institutions offer a lower percentage, but the reliability of deposits in such banks is significantly higher.
Bank deposits differ in their terms - each deposit has a certain period for which the depositor leaves his savings in the bank. Interest rates on each deposit offer vary greatly. The maximum and minimum amount of investments for all deposits is different, this should also be emphasized when choosing the necessary financial product.
First of all, the depositor needs to decide how much money should be given to the bank at a percentage. Secondly, you need to think about how long to make a contribution. Another nuance is the choice of currency for the deposit. The investor can invest his savings at interest in different currencies (be it rubles, euros, or dollars).
According to the law on insurance of individuals in banks of the Russian Federation No. 177-ФЗ dated December 23, 2003, if a license was revoked from a bank of the Russian Federation, the depositor of this banking organization will be paid the deposit amount, but it should not be higher than the value of 1,400,000 rubles. Only for deposits that do not exceed 1,400,000 rubles. in one bank, an insured event will apply. If the client decided to invest more than 1,400,000 rubles, then they should be distributed among several banks. So you can protect yourself. If the bank in which the deposit was made is revoked, the investor will be reimbursed the deposit amount.
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What is deposit capitalization?
Deposit capitalization is the growth of the main “investment body” through accrued interest. Such a percentage can be charged monthly or every quarter.
With the capitalization of the deposit, the income from the deposit will be higher. Each subsequent month, the percentage will be recalculated from the accumulated amount, and not from the initial investment amount. For example, in Bank A, a monthly interest is accrued with capitalization on a deposit in the amount of 100 thousand rubles. The existing deposit rate is 10% per annum. A year later, the return on such an investment will be 10,471 rubles. Without capitalization, the yield would have been 10,000 rubles.
If an investor is interested in putting money at interest for a long time, then a deposit with capitalization of interest would be the best option.
What is deposit extension?
Deposit extension is the extension by the bank of a valid deposit agreement if the client has not closed his deposit on time. The extension of the deposit occurs automatically the next day after the termination of the deposit. As a rule, the deposit is extended on the same terms and for the same period as the first. The terms of prolongation must be obtained from your bank; the conditions for different deposits may vary.
The bank should notify its customers when the expiration of the deposit agreement is approaching. However, you should not rely on bank alerts. A depositor must visit a banking organization before the roll-out and take action with his deposit.
Which bank is more reliable for a deposit?
A large amount of equity is one of the main criteria for the reliability of the financial structure. This indicator provides bank liabilities to its customers. If it is below the standards, then the Central Bank will revoke the license from such a bank. There are other reliability assessment criteria that need to be focused on when choosing a deposit.
Reliable bank indicators:
- amount of equity;
- amount of bank assets;
- number of clients;
- volume of investments of individuals;
- number of branches and ATMs.
The largest and most reliable financial organizations in the Russian Federation:
- Sberbank of Russia
- VTB Bank of Moscow
- Gazprombank
- Russian Agricultural Bank
- Alfa Bank
- Opening
- Promsvyazbank
- Binbank
- UniCredit Bank
When choosing a financial institution for investment, we recommend using our reliability rating.
The most reliable banks present the following deposit conditions to customers:
- Sberbank has the most profitable deposit at a rate of 7% per annum. Cash on it can be placed for 5 months. The minimum deposit amount is 100,000 rubles. With this deposit, Sberbank does not provide for withdrawal and replenishment of funds.
- VTB 24 offers its customers a profitable deposit with a rate of up to 7.1% per annum. If a deposit is opened in the Internet bank, then its minimum amount is 100 thousand rubles. If you open a deposit at VTB 24, then the minimum deposit amount is 200 thousand rubles. The deposit does not provide for replenishment and withdrawal of money. Interest is re-charged each subsequent month with capitalization. A deposit can be issued for a period of 3 months.
- Alfa-Bank gives its customers a deposit with a maximum interest rate of up to 7.3% per annum. There is a large number of deposit rates, the percentage depends on the amount of investment, the duration of the contract and other factors.
It can be noted that the most reliable banks have very small interest on deposits. They provide their client with a deposit at an average annual interest rate of about 7%. Small organizations offer deposits at 10% per annum or more.
How to calculate the return on your own?
The profitability of your contribution is quite simple to calculate on your own, for this you do not need to have special mathematical abilities.
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The simplest type of deposit to calculate, in which interest is accrued at the time the contract expires. For example, you draw up a bank deposit in the amount of 100 thousand rubles for a period of one year. After a year, 10 percent is accrued. In this case, you can apply the formula:
D \u003d S × 1 year × 10%, where:
D - income for the period;
S is the amount of investment.
The profit from such an investment will amount to 10 thousand rubles in one year.
Interest on deposits can also be accrued every month, the subsequent percentage is calculated from the amount of the previous month, taking into account accruals. This process is called capitalization of the contribution. Calculating profits on such deposits is quite difficult. To calculate, you need to apply this formula:
S × (1 + Pd ÷ 100D) n, where:
S is the amount of investment;
P - interest on the deposit;
d - the number of days on the capitalization of the deposit;
D is the number of days in a year;
n is the number of interest charges for 1 year.
What are the risks?
Every investor knows that there are risks everywhere. There are less risky investments, and there are also very risky ones. Bank deposits can be classified as a low risk investment group.
An investor can influence the percentage of risk of his deposit. For example, choosing a less reliable bank for a deposit, the risk becomes much higher. It is worth recalling that with an investment of more than 1.4 million in one bank, the deposit will not be considered as an insured event. The best solution would be to split a large amount into several parts and put them at interest in several different banks.
The legal decree on insurance of deposits of individuals gives more confidence to investors. Subject to all the rules, the risk of losing money is close to zero.
To summarize
- you should choose a bank for the deposit, paying close attention to its reliability and reputation;
- investments with high interest are at a high risk (as a rule, banks with high interest on deposits are less reliable);
- you can not exceed the amount of the investment more than the value of 1.4 million (since if the bank is deprived of a license, a sum of money in excess of this value will not be returned);
- it is better to make a contribution, one of the conditions of which will be interest capitalization, the profitability of such a deposit will be higher.
Related videos
A bank deposit is an ideal source of passive income, requiring minimal participation of its owner in the process of making a profit. Indeed, the investor does not need to monitor daily fluctuations in exchange rates and trends, spend time studying the market situation, choose the most profitable transactions and conduct risky operations with his money.
An investor must make only one important decision - to determine which bank is better to put money at interest 2018. Many newcomers do not see any difficulties here and focus solely on the value of deposit rates. But in fact, for a comfortable and profitable investment, one should take into account many secondary parameters - from the reputation of a financial institution to the availability of the function of capitalization of interest payments on a deposit.
Why open a deposit
The mechanism of the deposit is quite simple. A citizen brings his money to the bank and gives the institution the right to dispose of it. The Bank, in turn, uses these funds for various purposes - for example, to invest in a business, trade on the stock exchanges or issue loans. At the end of the agreed period, the organization returns to the client not only the full contribution, but also the remuneration, which is compensation for the use of capital.
Choosing which bank you can put money into, the investor is primarily interested in the prospect of making a profit. However, there are other tasks that can be solved by placing funds on deposit accounts:
- The fight against inflation. The purchasing power of any currency due to inflation decreases over time. Bank deposit allows you to limit or prevent the depreciation of money;
- Protection of savings. When storing a home, capital is not immune from various force majeure circumstances - theft, floods, fires. The safety of assets in a bank may be called into question only in the event of global catastrophes;
- The accumulation of a certain amount. Some people do not know how to manage funds at all and cannot save a certain amount - for example, to make an expensive purchase or a trip on vacation. There are replenishable deposits that allow you to raise money to achieve such goals;
- Additional income. In addition to calculating interest, holders of multicurrency deposits can also receive income from changes in currency rates.
Advantages and disadvantages of deposits
Why do citizens give their preference to deposits and seek to profitably put money in the bank at interest? There are several reasons for this:
- Bank deposits are characterized by the highest reliability and security;
- An account can be opened not only in rubles, but also in foreign currency;
- Bank offers include many products with a wide variety of conditions and capabilities;
- The procedure for drawing up a contract is as simple as possible - you can open a deposit via the Internet or in any bank branch in a few minutes;
- The contribution does not require constant attention of the investor;
- The income from the deposit agreement is known in advance;
- The entry threshold for an investor most often does not exceed 5-10 thousand rubles;
- The state guarantees a refund to the depositor in the amount of up to 1.4 million rubles in the event of bank bankruptcy.
Thus, a bank deposit is one of the safest and most affordable investment tools for beginners. However, he is also not without his known shortcomings:
- The consequence of security is a fairly low yield - the profit from investing with difficulty compensates for inflation;
- Deposits are characterized by low liquidity - either they cannot be closed ahead of schedule, or they can, but with a complete loss of accrued interest;
- For various reasons, a bank may suddenly lose its license and close.
As for the taxation of income on deposits, in most cases this factor is not significant: the owner of a deposit in rubles with an interest rate not exceeding the refinancing rate by more than 5% should not pay personal income tax. Moreover, even with inflated interest, a tax of 35% is not levied on the entire amount of profit, but only on that part of it that exceeds the specified limit.
Main types of deposits
In an effort to attract representatives of different target audiences, financial institutions offer customers not just one, but several types of deposit products that allow you to put money into the bank at interest on different conditions and with different possibilities. Among them there are fixed-term and demand deposits.
Demand deposits are funds that are simply stored in a banking organization. They can be removed at any time, used at their discretion, and then replenish the account again. However, the interest on such deposits usually does not exceed 0.01-0.05% per year.
Time deposits, as the name implies, are opened for a predetermined period, at the end of which the client receives back all invested funds and interest in accordance with the interest rate, if that was not paid regularly during the term of the contract. The indicated amount is either transferred to the demand account or, in the case of automatic renewal, is used to open a new deposit on the terms that are currently relevant for this banking product. Fixed-term deposits are divided into savings, savings and settlement:
- Savings deposits are at the highest rate, however, the investor does not have the right to replenish them or withdraw money from the account;
- Accumulative deposits are only allowed to replenish: the amount of the minimum and maximum contributions, as well as their regularity are indicated in the contract. Such deposits are characterized by slightly lower returns than savings;
- Settlement deposits allow replenishment and withdrawal of money from the account within certain limits - a certain minimum balance must remain in the bank. The rate on such deposits is usually the smallest among all derivatives products.
Bank Requirements
At the beginning of the year, there were 560 banks in Russia. Choosing which institution to cooperate with and where it is better to invest in 2018, an investor should first of all assess his willingness to take risks. The guarantee of the safety of deposits placed in large organizations with a share of state capital is almost absolute, however, in reality this reliability results in minimum interest rates. On the other hand, second-tier companies offer higher remuneration, but the risks associated with working with them are significantly higher - up to the revocation of the license and sudden bankruptcy.So which bank is more profitable to put money in? It is logical to assume that a diversification strategy with capital sharing would be optimal. Most of the funds must be placed in a large stable operating organization, and a small share should be used for high-risk short-term investments with a high level of profitability. In this regard, the question arises - how to assess the reliability of the bank? There are several criteria that allow you to make an objective idea of \u200b\u200ba financial company to an investor who does not have an economic education:
- The amount of authorized capital. The amount of equity in the bank should exceed 300 million rubles. You should also take into account the capital adequacy ratio (the ratio of the size of the authorized capital to the amount of attracted assets). The minimum acceptable value for this coefficient is 8%;
- Position in ratings. The list of the most reliable banks is regularly published by the Central Bank of the Russian Federation. In addition, ratings are made by other organizations - for example, Forbes, RIA Rating or the National Rating Agency;
- Cash flow direction. It can be studied by financial statements published by the banks themselves and the Central Bank of the Russian Federation. If the amount of loans issued increases and the volume of deposits decreases, the institution should be treated with caution;
- Characteristics of personalities of owners. Banks owned or run by individuals of dubious reputation should raise legitimate concerns among investors, especially if the proposed conditions are highly profitable;
- Feedback from investors. To determine which bank it is safer to put money in, you need to study all available information about the selected institutions: a lot of useful information about the quality of service and the comfort of working with a particular company contain messages from ordinary users on forums or specialized financial sites;
- Availability of deposit insurance. In case of bankruptcy of the institution or revocation of its license, the DIA compensates the investor for up to 1,400,000 rubles from all his accounts with this bank. At the same time, it is almost impossible to get money from a company that does not participate in the insurance program;
- The competence of employees. At the stage of deciding on which bank to put money on a deposit, certain conclusions can be drawn in the process of communicating with consultants of these institutions. If employees do not want to spend time communicating with ordinary customers, are reluctant to answer questions or try to impose services, one should think about the prospects for cooperation;
- Comfort account management. Other things being equal, it is more convenient to work with a bank that has an extensive network of branches and ATMs, as well as a functional personal account in the account management system via the Internet.
How to choose a program?
Despite the fact that financial institutions are trying by any means to get additional benefits from the placement of deposits, the contract is ultimately signed by the investor himself, and completely voluntarily. Therefore, the depositor must not only choose which bank it is better to invest at interest in 2018, but also absolutely clearly imagine on what conditions he is going to do it.
When reading a deposit agreement, you should:
- Check the correctness of the indication of details, amount, terms and other important parameters, not only at the end of the signed document, but also on all its pages;
- Ask to correct all errors and inaccuracies, even if a bank employee claims that they are not fundamental;
- Demand clarification of all conditions and rules of banking services directly or indirectly mentioned in the contract.
Each bank offers an average of three to six different deposit programs. Of course, investors are primarily attracted by the options with the highest interest rates, however, these proposals also have other parameters worthy of attention:
1. Amount of deposit. The decision on how much money to put into the bank is mainly in the investor's competence, however, in almost all programs there are limits not only on the minimum, but also on the maximum deposit amount. The limitations of the deposit insurance program should also be taken into account: when investing more than 1,400,000 rubles, it is better to distribute the money between different companies;
2. Interest rate. It happens not only fixed, but also floating: for example, an increased rate is valid only for one to two months, and then its value is gradually reduced by 30-40%. In addition, the fee always depends on the placement period and the amount of the deposit. Finally, banks set:
- High rates on savings contracts without the possibility of replenishment;
- Average rates on funded agreements with replenishment, but without withdrawal;
- Low rates on settlement contracts with replenishment and partial withdrawal.
3. Capitalization of interest. It is mainly used for savings deposits. The essence of capitalization is to add the interest calculated for a certain period to the amount of the main deposit: accordingly, in the next interval, interest is accrued not on the base but on the increased deposit;
4. Duration of the contract. Typically, the interest rate is proportional to the term of the deposit. Recently, however, banks have been regulating capital inflows by offering attractive interest on deposits for 3–6 months;
5. Account replenishment. The possibility of replenishing the deposit as funds are accumulated is attractive enough for the investor. In accumulative agreements, the amount of subsequent installments is usually limited by the size of the initial deposit, and also establish the period during which it is possible to deposit money into the account;
6. Early withdrawal. This option is necessary when you urgently need to withdraw money from your account for any important purpose. If the terms of the agreement allow the preservation of a certain minimum balance in the bank, the investor will not lose interest on the deposit;
7. Extension conditions. Prolongation must be treated with caution: the bank extends the term for depositing on the terms relevant to the product at the time of the automatic renewal of the contract. However, the institution does not guarantee that these conditions will be most beneficial.
What currency to open?
Today, Russian banks can deposit at least in rubles, dollars and euros. It is completely logical that investors, in an effort to preserve capital, are trying to guess which currency this year will bring the greatest profit. It is quite difficult to determine the priority currency unit unambiguously, since forecasting profitability requires taking into account not only interest rates, but also unpredictable parameters such as inflation and exchange rate fluctuations.
On the question of in what currency to store money in 2018, today the opinions of experts are divided. According to some, the ruble is likely to fall, and therefore the owner of a deposit in dollars will be able to earn extra on the difference in quotes. Others believe that the exchange rate of the Russian currency will not be subject to severe shocks - accordingly, the investor should make a choice of the deposit currency based on the actual profitability of banking products.
- In order to avoid losses during conversion, it is preferable to place the deposit in the currency in which the funds were received;
- To minimize risks, at least two monetary units must be used simultaneously - rubles and dollars;
- If the investor ultimately plans to spend the money invested for personal needs, then the deposit should be opened in the currency in which he will spend it.
Assessing the market situation, it can be noted that last year, domestic banks significantly reduced rates on deposits in rubles; a similar trend continues today. Accordingly, when calculating the profitability of deposits in the national currency, one should not forget about real inflation, the value of which is currently about 7%: if this indicator is maintained at the same level, the actual earnings of the owners of long-term deposits can be only 2–2.5% per year.
The prospect of the euro raises logical doubts not only among ordinary customers, but also among financial institutions. The migration and domestic policies of many large EU member states, the results of the British referendum and other unfavorable factors make many think about the future of the European Union and its currency. For this reason, most banks place deposits in euros at a rate of 0.2-0.5% per annum.
The dollar’s \u200b\u200bposition, by contrast, has strengthened significantly in recent years. This currency is used by all international banks and commercial organizations when conducting settlements, in dollars they issue loans on a national scale and pay for the supply of oil and gas. On the other hand, dollar inflation over the past year amounted to 2.07%, which, taking into account the proposals of domestic financial institutions, puts deposits in this currency at the same level of profitability as in rubles.
Overview of the proposals of Russian banks
To determine which bank it is profitable to put money in, you should study the offers on deposit products of the largest financial companies. It is they who determine the rate inherent in safe investments: if any institution offers too favorable conditions, one should think - will it return the money to the depositor after the contract expires?
Deposits in rubles
As noted above, long-term deposits for several years today are not of interest to domestic bankers. The most profitable conditions are offered on deposits placed for 6-12 months. This is convenient for the investor: at the end of the term, you can evaluate the offers of other companies and transfer money to where the rate is currently more attractive. Which bank is more profitable to invest at interest in 2018:
Deposit rates in rubles
Bank | Rate,% | Amount, rub. | Duration, days |
Loko-Bank | 9,5–6,6* | from 100000 | 400 |
Tauride Bank | 8,8 | from 50,000 | 181–367 |
Absolut Bank | 8,5 | 3000000 | 365 |
Russian Capital | 8,5 | from 1500000 | 395 |
Credit Bank of Moscow | 8,5–6,0* | from 1000 | 300 |
Housing Finance Bank | 8,3–7,0* | from 30000 | 368 |
MBSP | 8,25 | 5000000 | 367 |
Transcapitalbank | 8,2–6,5* | from 20,000 | 368 |
Incarobank | 8,2 | from 200000 | 181–367 |
Sovcombank | 8,1 | from 30000 | 180 |
Nefteprombank | 8,0 | from 1400001 | 365 |
Texbank | 8,0 | from 50,000 | 181 |
Tinkoff Bank | 7,76 | from 50,000 | 365 |
Union Bank | 7,75 | from 50,000 | 181 |
Transstroybank | 7,7 | from 1400001 | 400 |
Russian Agricultural Bank | 7,6 | from 50,000 | 180–395 |
Credit Europe Bank | 7,5 | from 3000 | 1098 |
Bank opening | 7,2 | from 1250000 | 367 |
VTB 24 | 7,1 | from 600000 | 365 |
Sberbank | 5,5 | from 1000 | 31–1098 |
* The rate is floating and gradually decreases over time.
Deposits in foreign currency
The situation with deposits in US currency is different: there are practically no short-term offers among banking products. In addition, the most promising deposits are available mainly to large investors with funds in the tens of thousands of dollars. In which bank to put money at interest:
Deposit rates in USD
Bank | Rate,% | Amount, USD | Duration, days |
Bank "Saint-Petersburg" | 3,1 | from 50,000 | 1825 |
Tauride Bank | 2,75 | from 1000 | 1095 |
NS Bank | 2,6 | from 30000 | 1830 |
Alfa Bank | 2,5 | from 30000 | 1098 |
SMP Bank | 2,5 | from 1000 | 1095 |
Russian Agricultural Bank | 2,4 | from 80,000 | 395 |
Credit Europe Bank | 2,15 | from 100 | 1098 |
Tinkoff Bank | 2,01 | from 1000 | 365 |
Rosbank | 2,01 | from 20,000 | 365 |
VTB 24 | 2,0 | from 1000 | 365 |
Absolut Bank | 2,0 | from 40,000 | 367 |
Binbank | 1,65 | from 300 | 365 |
National Bank "Trust" | 1,5 | from 100000 | 367 |
Credit Bank of Moscow | 1,5–2,5* | from 200000 | 300 |
Sberbank | 1,35 | from 100 | 365 |
* The rate is floating and gradually increases with time.
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Special and pension contributions
Many banking organizations in an effort to attract additional investors are developing preferential programs for people of retirement age. Such products have a number of characteristic features:
- A deposit account can be opened with a small amount;
- Even for small deposits, a high interest rate applies;
- Remuneration is accrued and paid monthly;
- Deposits can be either replenished or partially withdrawn.
In order to be able to place a deposit on more favorable terms, the client must present a pension certificate upon conclusion of the contract. Which bank is more profitable to put money to older people:
Rates on pension deposits in rubles
Bank | Rate,% | Amount, rub. | Duration, days |
Moscow Regional Bank | 7,75 | from 10000 | 366 |
Post Bank | 7,45 | from 10000 | 367 |
Home Credit Bank | 7,1 | from 1000 | 546 |
Binbank | 6,94 | from 10000 | 91 |
Gazprombank | 6,7 | from 15000 | 366 |
Promsvyazbank | 6,7 | from 10000 | 731 |
Credit Europe Bank | 6,7 | from 3000 | 181 |
Uralsibbank | 6,5 | from 1000 | 91–732 |
Bank East | 6,2 | from 10000 | 731 |
Russian Agricultural Bank | 6,15 | from 500 | 395–730 |
Bank "Revival | 6,12 | from 10000 | 367 |
Sberbank | 3,5 | from 1 | 1095 |
Deposits in foreign banks
Due to the simplification of the procedure for registering deposits with foreign banks and a certain rush around the dollar, not only large, but medium-sized Russian investors thought about the possibility of preserving their capital and protecting them from unpredictable conditions of the domestic financial market.
Why is the idea: “I want to put money at interest at a bank abroad”, - looks so attractive for citizens of the Russian Federation? There are several reasons for this:
- Many foreign financial institutions have been operating on the market for decades, and therefore are characterized by a high level of reliability;
- In the event of bank bankruptcy, the depositor is guaranteed a return of a higher amount - up to 100 thousand dollars;
- A deposit in a foreign bank is an excellent way to diversify a portfolio.
Opening deposit accounts abroad and placing funds in foreign currency on them seems especially beneficial for those who plan to work or study in Europe, are going to acquire real estate here or create a business. However, the disadvantages of this method of storing money abound.
Firstly, when concluding an agreement with a foreign bank, the citizenship of the client can turn into a problem. The reason is that for European bankers the entire territory of the former CIS seems to be a zone of increased corruption and criminal risk, and therefore the origin of the capital accumulated by Russian citizens is doubtful for them.
Secondly, in accordance with the dynamics of inflation, the annual interest rate in EU banks is set at 0.1–2.5% for deposits in euros, while some Swiss institutions offer customers even negative rates. Under such conditions, for depositors who have the goal of storing funds with minimal risk, cooperation with foreign institutions may be unprofitable - in fact, regardless of profit, they will have to bear additional costs from the very first days:
- European managers prefer to negotiate with clients in person, and therefore the depositor will have to pay for travel and accommodation abroad;
- For non-residents, much higher tariffs and account servicing fees are often applied;
- Banks have the right to change rates and tariffs at their discretion.
Despite this difficulty, a Russian citizen who still wants to open a deposit account abroad should first of all familiarize himself with the rules of customer service at European banks:
- You can deposit money into your account in cash or by bank transfer;
- The process of concluding a contract takes from 7 to 60 days;
- Funds can be managed by credit card, checkbook, online, by phone or fax;
- The minimum deposit amount is in the range of 10-30 thousand dollars;
- The investor must, with established regularity, submit reports to the department of the Federal Tax Service at the place of residence on the movement of funds in foreign accounts.
Unlike Russian banks, foreign banks, upon entering into a deposit agreement, oblige the client to provide many additional documents:
- Certificate of family composition of the contributor;
- Certificate of no criminal record;
- Declaration of income for the last year;
- A copy of a foreign passport certified by a notary;
- Receipt of timely payment of utilities.
Conclusion
Bank deposits seem to be the simplest and most affordable tool not only for professional investors, but also for ordinary citizens: even an inexperienced investor can well save his capital and make a profit without an economic education or knowledge of the basics of technical analysis. Of course, there are many more effective ways to make money in the financial markets, however, none of them can be compared with a deposit in terms of reliability and guarantee of safety of funds.