Where is the best place to make a deposit in rubles? Comparative rating of Russian banks by interest rates on ruble and foreign currency deposits of individuals. Rating of banks by interest rate on deposits
A contribution or so-called “deposit” is cash, which the client places in the bank to protect and increase his capital.
The higher interest rate bank deposit - the greater the potential income. In Moscow best interest in rubles and foreign currency deposits often offered during periods of seasonal offers or other special promotions of banks.
Bank deposits for individuals Moscow differ in terms, currency and rate, and there are also additional conditions(possibility of replenishment, partial withdrawal without loss of interest, monthly payment percent on the card and others).
In 2020, both small and larger reliable Moscow banks offer several additional opportunities for time deposits and deposits with maximum and low interest rates for individuals:
- partial withdrawal and replenishment funds in the deposit account gives the client the opportunity to use the money without breaking the agreement with the bank;
- capitalization- this is the monthly accrual of interest on the deposit account. That is, future interest is accrued not only on the amount of the initial deposit, but also on the added interest;
- automatic renewal- automatic extension of the contract if the depositor does not withdraw the deposit upon expiration.
To arrange the most best contribution in rubles or foreign currency at a favorable rate in a Moscow bank, consider these three points.
Depending on the currency used, urgent deposits They are divided into ruble, currency (deposits in euros, dollars, British pounds and other currencies), multicurrency (deposit funds are divided into parts and invested in several currencies). In 2020, for individuals, the most favorable interest rate deposits in Moscow banks today are offered in Russian rubles.
Investing money in foreign currency- one of the popular methods of preserving and increasing your capital in the city of Moscow, even in times of crisis. Although rates on foreign currency deposits have decreased significantly due to exchange rate instability, you can get income if exchange rate to the ruble. This is how you can get the best income from your deposit in 2020.
Most banks in Russia offer foreign currency deposits in dollars and euros; deposits in other currencies are rare. You can compare currency quotes on our website in the section Exchange rates. However, there are few offers of deposits at good interest rates in these currencies, since the demand for them is low.
Which one to choose? contribution to a pensioner, a student or a middle-aged person? Find an offer from best bet and the conditions will help you with the form “ Selecting a deposit" With its help, you can search for offers on deposits with a high percentage of profitability from reliable banks, or focus on the most profitable offer.
In 2020, to date, among deposits in banks in Moscow, the most profitable high percent in rubles on deposit Deposit at the top (with NSZh) Gazprombank in Gazprombank (JSC) - 8.10% per annum. The minimum deposit amount is 50,000 rubles with interest paid at the end of the deposit term. According to our data, this is the best bank deposit in Moscow with the maximum rate in rubles.
Even in a difficult economic situation in 2020, there is an opportunity to invest money in such a way as to make money. One way is to arrange a profitable deposit for individuals. But which of the most reliable banks in Russia today has the highest interest rate on deposits? The website agency specialists analyzed the offers of the country's largest banks, compiling a review of deposits in rubles with favorable interest rates.
Deposits from individuals - a traditional way of investing money
There are many ways to invest money to earn passive income. You can buy a currency and wait for it to rise in price, you can make money on Forex, invest in a PAMM account, try to earn income by trading binary options and much more.
All these ways of making money bring quite high profits, but are also associated with a certain risk. Bank deposits of individuals today remain the most reliable and traditional way of investing savings in Russia.
We choose the most profitable investment: what to pay attention to
When choosing a bank to entrust money to, depositors usually pay attention to at least two parameters:
- - the size of the interest rate, which allows you to choose a deposit with the maximum income;
- - reliability of the bank, which allows you not to worry about the safety of your savings even during a banking crisis.
It can be quite difficult to combine a high interest rate and sufficient bank reliability. Analysts from the agency website tried to do this by studying the conditions of deposits in Russian rubles for individuals in reliable banks.
What are the most profitable deposits in reliable Russian banks today?
Each bank has its own line of profitable deposits for individuals with unique conditions.
In order to somehow bring the parameters of deposits in different banks “to a common denominator”, we tried to find out which are the highest interest rates in rubles are offered to those who intend to open a deposit today, in 2020.
For the purity of the experiment, we compared rates in the largest banks in Russia for deposits for a period of 12 months, since this is the most popular investment period. The estimated amount was 1 million rubles. They also tried to exclude the so-called investment or complex proposals with the obligatory investment of money in insurance, mutual funds or shares. As a result, the following list was obtained (check with banks for exact conditions and interest rates on deposits).
The most profitable deposits in reliable Russian banks from the top 10
Credit Bank of Moscow
MEGA Online deposit
Replenishment / No partial withdrawal / No capitalization / Interest at the end of the term
Bank FC Otkritie
Deposit "Reliable"
No replenishment / No partial withdrawal / Capitalization / Interest accrual at the end of the term.
Promsvyazbank
Deposit “My income”
No replenishment / No partial withdrawal / No capitalization / Interest at the end of the term.
Deposit "Savings account"
No replenishment / No partial withdrawal / Capitalization / Interest accrued monthly.
Post Bank
Deposit "Capital"
No replenishment / No partial withdrawal / Capitalization / Interest monthly
Sberbank of Russia
“Save” deposit
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Interest rate |
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Without replenishment / Without partial withdrawal / With capitalization / Monthly interest accrual in Moscow banks >>
Main types of deposits of individuals
Today Moscow banks offer a large number various types profitable deposits for individuals. But all of them can be divided into several groups:
✓ time deposits at the highest interest rates. By opening such a deposit, you give the bank your money for a certain period (3-6 months, 1 year or 3 years), and during this time you cannot take it back without losing interest or replenishing the account.
✓ replenished deposits of individuals. By opening such a deposit, the investor can save money by replenishing the account, and at the same time the interest increases. However, it is impossible to withdraw funds from the account without losing profitability.
✓ deposits with partial withdrawal of funds without loss of interest. Such deposits usually have the lowest interest rates. But they give you the opportunity to withdraw part of the funds up to a pre-agreed minimum balance, on the amount of which interest will be accrued.
Of course, in any unforeseen situation if you need money ahead of schedule When the deposit ends, you can always get them, but you will be sorry for the lost profits. So, when planning to make a deposit in a bank, it is better to decide in advance when you will withdraw the money so as not to lose income.
It may take a lot of time to view all the profitable offers in Moscow banks. On the official websites of banks there is no way to compare deposits with offers from other organizations. Therefore, to search, it is better to use a service that helps you quickly get acquainted with full list options and their basic conditions. A large selection of available deposits makes it possible not only to choose the option with the most favorable interest rate, but also to choose the optimal parameters for storing funds.
The “Deposits of the Month” section allows you to quickly view the top products in Moscow with a high interest rate and a minimum down payment amount. Among them there are options with the possibility of replenishment and early withdrawal of the entire amount or part of it.
Advantages of our service
A convenient filter has been created on the site, which makes it possible to quickly and easily view everything profitable deposits, available for registration in your city, and also get an impression of the reliability and safety of working with a particular bank.
Find Best offer in Moscow it is possible according to one or several parameters at once. To do this, you can specify in the filter:
- minimum amount;
- currency;
- validity period of the deposit agreement;
- additional features use of the deposit.
The issuance results are arranged according to one of two possible principles - interest rate or rating. The rating is calculated automatically by our website, taking into account the main characteristics of convenience and safety of working with the bank, such as:
- deposit profitability;
- bank reliability;
- availability of additional options;
- availability.
These characteristics give an idea of the bank even before you start working with it. You can set the sorting principle yourself and quickly find necessary information for any of the products presented on our website.
Current offers
In the list of current offers for this moment The maximum interest and terms of cooperation are as follows:
- interest rate - up to 10.25%;
- minimum amount deposit - from 1,000 to 500,000 rubles;
- storage time - from one year to three years.
Among the available options are in rubles, dollars and euros, offers for pensioners, as well as deposits with the possibility of replenishing the account and extending the term of the contract.
Stay up to date
If none of the current products in Moscow suits you, you can subscribe to our newsletter. To the address you specified Email information will be regularly sent about all new and current deposits, including short-term promotional and seasonal offers with favorable conditions, as well as last news and reviews of the economic situation in Russia and recent events in the banking market. This will allow you to be one of the first to make a suitable deposit. In order to subscribe, just enter your e-mail in the appropriate field.
Reliable banks with high interest rates on deposits. Glad to see you again! The other day King's new book came out, so I, as an avid reader of his, went to the store to buy a new product.
Already when I approached the checkout, it turned out that the machine did not want to punch out the coloring pages of one married couple.
While I was waiting for my turn to come, I witnessed a conversation between this couple.
The man intended to invest money in a bank, but could not choose which one.
My wife couldn’t recommend anything decent, so I couldn’t resist and got into the conversation.
High interest deposits - which banks have higher interest rates?
Perhaps everyone who is thinking about investing money is looking for a deposit at a high interest rate. It is the interest rate on the deposit that is the first criterion by which deposits are compared with each other. However, such a comparison would be incomplete.
It is also important to take into account such a factor as risk. As is known, State System Deposit insurance guarantees each depositor of a bank participating in this system the safety of savings in the amount of up to 1,400,000 rubles. However, here's what a potential investor needs to remember.
Warning!
Most reliable bank is not only a large bank, but also the least risky. Lending institutions with state participation are least prone to risk - and our people are accustomed to trusting the state somewhat more than private business.
It is no wonder that it is banks with state participation that lead the ratings in all respects, including the volume of funds raised on deposits. In addition, the leading banks have a wide (Gazprombank, VTB24) or very wide (Sberbank) network of branches throughout Russia - it is not surprising that they also “win” in terms of accessibility for depositors.
Therefore, people for whom such parameters are the main thing choose Sberbank, Gazprombank, Rosselkhozbank, VTB24 or VTB Bank of Moscow.
Private banks from the Top 50 are the choice of people who, trusting private capital to a greater extent, prefer high income by deposits. The fact is that these banks vigorously issue loans at not the most small percentage, due to which they can attract deposits at a high interest rate (higher than competitors with state participation).
Among the most popular banks in this group are Russian Standard Bank, NB Trust Bank, Home Credit and MTS Bank (places from 21st to 47th in the rating of Russian banks). Now let’s look at what the banks mentioned above offer their depositors at the beginning of the new year, in December 2016.
Sberbank
Perhaps this is the first bank that almost every Russian thinks about out of habit. Sberbank currently offers the following deposits:
- 8 time deposits in rubles, dollars or euros (from 2.3% at " Savings account» up to 6.49% on the “Save” deposit in rubles);
- for wealthy clients who prefer other currencies - the “International” deposit (in British pounds, Swiss francs and Japanese yen– at 0.01% per annum);
- 3 deposits for owners of the Sberbank First and Sberbank Premier service packages - “Special Save”, “Special Replenish” and “Special Manage” with higher rates– up to 7.36% in rubles, 1.66% in US dollars and 0.30% in euros.
- 3 online deposits in rubles, dollars or euros (rates are higher than on time deposits, on average by 0.1%);
- 3 pension deposits.
Thus, it cannot be said that Sberbank attracts deposits at a high interest rate, because Sberbank’s deposit rates are low. But the risks are low, the choice is wide, and the conditions are flexible.
A choice of replenishable and non-replenishable deposits is possible, with different interest payment schemes (at the end of the term, monthly, etc.), and the minimum amount (from 10 to 1000 rubles) is “achievable” for any person.
VTB 24
This bank offers 10 deposits on various conditions (we can say that VTB 24’s are approximately the same as those of Sberbank):
- 3 deposits opened in bank branches - Comfortable, Savings and Profitable at rates from 0.01% to 7.75% per annum.
- 3 deposits opened remotely in the Internet bank - Comfortable-online, Saving-online and Profitable-online at rates from 0.01% to 7.90%.
- 3 deposits per special conditions for owners of the Privilege service package with increased interest rates, which are calculated individually for each client.
- 1 savings deposit with flexible conditions at 0.01 – 8.50% in rubles.
Gazprombank
This bank has a total of 7 deposits: 1 investment, including investments in mutual funds (up to 9.70%), 5 savings deposits for various purposes in rubles (up to 8.2%), dollars (up to 1.1%) or euros (up to 0.05%).
There are also 2 ruble deposits for pensioners at 6.1-7.2%. Thus, the rates of this bank are approximately at the same level as the rates of Sberbank and VTB 24.
Rosselkhozbank
Rosselkhozbank offers a wide range of deposits. Almost all deposits can be opened remotely ( maximum bet– up to 9.10% in rubles, 2% in dollars and 0.55% in euros), 1 pension savings program (up to 7.0%).
Attention!
The remaining deposits are standard savings accounts, the maximum rate for which reaches 7.45% in rubles, 1.20% in dollars, 0.35% in euros.
Interest rates here are noticeably higher compared to the banks described above, but the placement conditions are also somewhat stricter (interest at the end of the term, replenishment is impossible, etc.).
VTB Bank of Moscow
The new “Seasonal” deposit, which can be opened until January 31, 2017 for 400 days, assumes a 4 interest period. The highest rate - at 10% per annum, can be obtained in the first period with a validity period of up to 100 days, in the remaining periods the rate is 7.5%.
The bank also offers 3 basic time deposits: “Maximum Income”, “Maximum Growth”, “Maximum Comfort” with rates of up to 8.46% on ruble accounts, up to 1.61% on dollar accounts and 0.01% on euro accounts. 3 programs have been developed for pensioners (up to 8.46% in rubles), there is also a ruble savings account (up to 5%) and Special offers for privileged clients.
We can say that deposits in this bank are primarily beneficial for a client with a large amount or who wants flexibility in replenishing/withdrawing funds. When opening deposits via the Internet or an ATM, 0.3% is added to ruble rates and 0.1% to foreign currency rates.
Russian standard
This bank offers 4 deposits with a variety of interest payment schemes: the depositor has plenty to choose from. Rates on deposits in rubles - from 7.00% ("Convenient") to 9.75% per annum ("Maximum Income"), and in foreign currency - up to 2.0% on dollar accounts and up to 1.25% on accounts in Euro.
Advice!
Capitalization is not offered in most deposits, and the conditions are not the most flexible - this is the logical “payment” of the investor for high income.
Home Credit
Home Credit offers several deposits: one is opened only in foreign currency (up to 1.51%), four - only in rubles: from 8% to 9.34% per annum, a deposit for pensioners can be opened in Russian rubles (up to 9.34% per annum ).
Another deposit in rubles can be opened at 9.29% per annum, with an amount of 3 million rubles or more. There are options for capitalization, partial withdrawal and replenishment by a certain amount. Thus, Home Credit is a good choice for those who want a good income and place funds for a period of 12-36 months.
TRUST
This bank has a line of 10 deposits in rubles/dollars/euro, including multicurrency. Rates on deposits in rubles are quite high - from 5.9% to 10.1% (in foreign currency - from 0.1% to 2.6% per annum), and the conditions are flexible: you can choose a deposit with convenient conditions in terms of terms, interest payments and deposits/withdrawals.
MTS-Bank
The best bank deposits in 2017: conditions and interest rates The former IBRD offers 9 deposits in rubles/dollars/euro, including multi-currency and pension. Rates in rubles for this bank are in the range of 6.5 - 9.0%, and in foreign currency - from 0.01% to 1.0% per annum. You can choose a deposit with the most flexible conditions at a good interest rate.
Customers who open a deposit in Internet banking can receive an additional 0.30% to the base rate, as well as salary clients, up to 0.40% of the rate – with a deposit amount of 4 million rubles.
Thus, it is most profitable to deposit money in one of the private banks. Especially if the deposit amount does not exceed 1,400,000 rubles, since such a deposit will be fully insured. Deposits at high interest rates in Moscow are issued, as a rule, by banks specializing in consumer lending(Russian Standard, Tinkoff, Home Credit).
But at the same time, you should very carefully study the conditions regarding replenishment, early withdrawal, etc., in order to make your deposit not only profitable, but also convenient in terms of using money.
source: http://site/www.vkladvbanke.ru
The issue of preserving and increasing funds is always relevant. One of the most reasonable and safest options is opening a bank deposit.
Warning!
Which bank and deposit to choose for maximum profitable investment funds in 2017? What criteria, besides the interest rate, are important?
We offer an up-to-date overview of the best conditions for deposits in Russian banks.
Which deposit is better to open?
First, let's try to conduct a small educational program to figure out what determines the level of interest rates in banks. Let us immediately note that the amount of return on deposits is influenced by several interrelated factors:
- Rising inflation and devaluation of the ruble.
- Decrease in the growth rate of household deposits.
- Competition between banks for depositors.
- Change of the key rate by the Central Bank of the Russian Federation
- Outflow foreign investment and a blockade of the debt market, that is, a shortage of liquidity and funding (raising funds from organizations).
- Changes in legislation (until December 31, 2015, there was a benefit: no longer taxable Personal income tax interest on ruble deposits of citizens placed at a rate of up to 18.25% per annum; there was an increase in the amount insurance compensation for deposits from 700,000 rubles. up to RUB 1,400,000).
Information for reference
The key rate is the interest rate on the main operations of the Bank of Russia to regulate the liquidity of the banking sector, that is, the interest rate at which the Central Bank of the Russian Federation lends to private banks on a weekly basis and at the same time is ready to take funds from them for storage.
Attention!
It is the main indicator of monetary policy. Directly affects the level of interest rates on deposits. Since August 3, 2015, it has been equal to 11% and remains in effect until December 11, 2015. This is the fifth reduction in the key rate since December 16, 2014, when it was set at 17%.
Some confusion is caused by the concept of “refinancing rate”, which is also used when lending to private financial organizations, but from the moment the key rate was introduced, that is, from September 13, 2013, it is of a secondary and reference nature, and from January 1, 2016, it is equal to the key rate, as stated in the document “On the system of interest-bearing instruments of monetary policy Bank of Russia".
In addition to the above, it is worth noting such a monitoring tool of the Central Bank of the Russian Federation as “The maximum interest rate of ten credit institutions that attract the largest volume of deposits from individuals,” which shows the average maximum interest on a deposit among the TOP 10 banks in terms of the volume of attracting deposits in Russian rubles.
Today, the Bank of Russia forms the “Big Ten” of the following banks:
- Sberbank of Russia;
- "VTB 24";
- "Bank of Moscow";
- Raiffeisenbank;
- Gazprombank;
- "Binbank";
- "Alfa Bank";
- "Bank FC Otkritie";
- Promsvyazbank;
- Rosselkhozbank.
This monitoring is carried out by the Banking Supervision Department of the Bank of Russia using open information presented on official websites.
In the third ten days of November 2016, according to the results of monitoring the maximum interest rates (on deposits in Russian rubles) of ten credit institutions that attract the largest volume of deposits from individuals, the average maximum rate on deposits was 9.93%.
Advice!
In the first and second decades of November 2016, the rate was at 9.92%. The indicator is calculated as the arithmetic mean of the maximum rates of banks that attract two-thirds of the population's funds.
What else is useful to know about the average maximum bet? Since October 2012, the Central Bank of the Russian Federation categorically did not recommend that all private banks exceed the indicator established during monitoring by more than 2 percentage points (percent), from December 22, 2014 - by 3.5%, from July 1, 2015 it allowed any increase in exchange for an increase in contributions (deductions) of credit institutions to the Deposit Insurance Fund (DIF).
Bank fees for increased risk are set as follows:
- if the interest rate on the deposit is not too high relative to the average maximum, the bank makes deductions at the base rate - 0.1% of the average quarterly deposit balance;
- if the level of the interest rate on the deposit does not exceed the maximum rate by 2–3%, the credit institution is charged a contribution at an additional rate of 0.12%;
- if the bank overestimates the level credit rate by 3% or more from the average maximum, then he pays an increased additional rate of 0.25%.
What conclusion should ordinary investors draw from this information? If the level of return on a deposit, in the opinion of the Central Bank of the Russian Federation, is too high, then such a deposit carries additional risks, which is why a private bank pays contributions to the DIA at an increased rate.
For ease of understanding, we give an example from the previous methodology of the Bank of Russia:
- The current average maximum deposit rate is 9.93%.
- The maximum recommended excess rate level is 3.5%.
- The maximum acceptable (with maximum risk level) deposit rate is (9.93% + 3.5%) = 13.43%.
So, in the winter of 2015, the best bank deposits were offered at rates of 10 to 11%, and with deposit returns above 13.7%, you may be dealing with either an unstable credit institution or one conducting risky operations.
To be fair, we note that at the moment, all deposits in one bank in the amount of up to 1,400,000 rubles are “under the protection” of the Deposit Insurance Agency (DIA), so the risk is assumed to a greater extent by the banking system than by depositors.
But there is little pleasure in the thought that you may encounter a bank whose license has been taken away or which has begun bankruptcy proceedings. On an annual basis, inflation in 2015 is at the level of 16%, but there are all the prerequisites for its significant slowdown in 2016–2017.
Having looked at the dynamics of the decline in the key and average maximum deposit rates, we can assume that, if nothing extraordinary happens, the key rate will continue to decline, and along with it, interest rates on deposits will decrease.
Therefore, we can conclude that winter 2017 is the most favorable period for opening deposits under good interest, which may not be found in the future.
During the winter, the market comes alive with special seasonal products. Despite the fact that the number of interesting deposit offers is not so large, there are still banks that are ready to provide very attractive conditions. If you set out to find the best deposit in rubles or foreign currency, then this review will help you.
Ruble or foreign currency deposit?
The income and consumption of the vast majority of Russians are based on rubles. In this regard, a ruble deposit seems to be the most reasonable solution. In addition, if the ruble continues to weaken, rates on ruble deposits may rise, and it is advisable not to miss such a moment.
Warning!
Despite the fact that Russians traditionally consider currency a more stable option for saving money, in the current unpredictable situation it is quite dangerous to choose it, since at the moment the euro and dollar rates are extremely high and the ruble has already managed to more or less stabilize.
If in the short term there is a significant strengthening of the ruble (which is possible with the easing of sanctions or an increase in oil prices), then a foreign currency deposit will lose all meaning for those who are used to spending money in rubles. As experts say, those who are really interested in currency have already managed to diversify their funds.
If you are not one of these people, then investing in foreign currency should not be of particular interest to you. As mentioned above, the incomes and expenses of the overwhelming number of Russians are focused on rubles, which means they need to be saved.
Time deposit or on demand?
All deposits can be divided into time deposits and demand deposits. The latter allow you to return the invested funds at any time at the request of the investor. Interest rates on such deposits, as a rule, are minimal - no more than 1% (the profit from such a deposit will not cover even monthly inflation).
Time deposits are placed for a certain period, before the expiration of which the client must not claim his funds, otherwise, in most cases, he will lose his income. Time deposit More often it is placed for a year, less often - for several months.
Deposits with the longest storage period sometimes receive the most favorable rates, but not always. Therefore, if you are looking for the best deposit, then feel free to choose a fixed-term ruble deposit for 12 months.
Replenishable or non-replenishable deposit?
Deposits are classified depending on the degree of control the depositor has over the invested funds. When opening a non-replenishable deposit, any replenishment or withdrawal operations are prohibited - banks offer the most profitable terms placement of funds.
Replenishable deposits allow you to add money to your account during the term of the agreement, which is convenient for systematic accumulation large sum money. Some banks offer replenishable deposits, which allow the client to make spending and incoming transactions. As already mentioned, the best conditions are provided for non-replenishable deposits.
The best deposits in rubles
At the moment, banks offer deposits at an average rate of 10–11% per annum, The general trend is going down. Let us recall that in December 2016 the Bank of Russia sharply increased key rate up to 17%, thereby causing an increase in deposit rates up to 21–22%.
Throughout the year, the indicator decreased: already in June 2016, the average rate on ruble deposits was 14–15%. Now the maximum profitability is at the level of 12–13%.
Experts' forecasts are very ambiguous: the majority expects a further decrease, but there are also optimistic forecasts about a possible increase in rates due to the weakening of the ruble. A good interest rate on deposits (11%) is offered by Russian Standard Bank for a period of 1 year; interest is paid at the end of the agreement.
Moscow Credit Bank provides deposits with rates from 9.5% to 11.25%, Rosbank - up to 10.75%, UniCredit Bank - up to 10.5%, Promsvyazbank - up to 11%, Alfa Bank" - up to 10%, "Raiffeisenbank" - up to 10%, Sberbank - up to 8.1%. As we see, than bigger bank, the lower interest rates on deposits he is willing to offer.
The best conditions for deposits can be found in small private banks. But we recommend Special attention pay attention to the conditions for early termination of the deposit agreement, since in the event of unforeseen circumstances you risk losing most (if not all) of the interest on the deposit.
Best deposits in euros
The situation with foreign currency deposits is approximately the same as with ruble deposits. Average rate for deposits in euros it is about 2.5–3%.
Attention!
Leading banks with high rates on foreign currency deposits, again, are not encouraging: average annual interest is about 1.5–2.5%. For example, an option for depositing in euros can be found at UniCredit Bank.
It provides for placement for a year from 20,000 euros at a rate of 3%. At Bank St. Petersburg you can count on a rate of 2.8% when opening an on-line deposit for a period of 5 years in an amount starting from 50,000 euros. Interest is paid at the end of the deposit term.
"Moscow Credit Bank" offers a deposit from 100 euros for a period of 1 year with a rate of 2.25%. Such giants as Raiffeisenbank, Alfa-Bank, VTB 24, Sberbank offer rates in the range of 2–2.5%.
The conditions of regional banks are undoubtedly attractive, but many depositors are afraid to use their services. Firstly, due to doubts about reliability, and secondly, due to geographical location. In turn, the largest Russian banks are not ready to provide attractive conditions for deposits.
In the current economic situation, of course, it is more appropriate to focus primarily on the reliability of the bank. This will also serve to improve the health of the banking sector: ineffective banks will be automatically forced out of the market. However, we should not unequivocally neglect the huge potential of the regions.
Among the regional banks there are quite reputable ones, with branches in many cities, confidently maintaining their positions in the market. Before contacting one of the largest banks, check the situation in your region.
Best deposits in dollars
The average rate for dollar deposits is about 2.5–3.5%. As for the leaders of the Russian banking sector, they offer following conditions by deposits. At UniCredit Bank you can place a deposit of $20,000 or more.
Advice!
USA for 1 year with a rate of 4.65% and the possibility of replenishment. You can also pay attention to B&N Bank deposits: by placing an amount of $25,000 or more for 1 year, you can earn 3.7% per annum (interest payment at the end of the deposit term).
The maximum rate on deposits of Bank St. Petersburg is 3.9%. Any investor can open a deposit with this percentage if he has $50,000 and 915 days before receiving income. On average, the largest Russian banks are ready to offer annual rate within 2.8–3.5%.
source: http://site/www.kp.ru
How to choose a reliable bank to open a deposit?
I think many of you are asking yourself the question: “How to choose a reliable bank” when planning to open a bank account, apply for a loan or mortgage.
The interest in this topic is explained simply: firstly, this is another small step towards mastering the basics financial literacy. Remember we talked about this in the article “Savings and financial literacy need to be learned”?
Secondly, this is the first small step on the path of practical application of the acquired knowledge, to which I was pushed by a far from new and not at all original thought: “money should work.”
Warning!
How to do this? Start investing (everyone is talking about this now), study stock markets, follow economic situation, compare offers from different banks?
I agree, we need to invest. But for me now it is very difficult and not entirely clear, I lack experience and knowledge. Therefore, to begin with, I decided to deal with that type of investing, which, in fact, is not investing, but rather a way of accumulating funds - bank deposits.
How to choose a bank for deposit
Why did I decide to start with this ancient and popular product? Because in our Everyday life We most often encounter banks and bank deposits. Perhaps almost every person has at least a small bank “stash”.
We don't feel stressed when we give our money to the bank. And we are not afraid of losing our money, because, you see, the risk here is minimal.
And here no special psychological preparation is required, which is simply necessary when investing in riskier financial instruments, such as real estate, mutual funds, Forex, PAMM accounts, investments in stock market, in works of art, antiques, precious metals.
But we don’t always know how effectively our money can work in different banks. Different deposits under different conditions and in different banks can bring completely different income.
Let's try to figure out together which banks are the most reliable, what kinds of deposits there are and how to choose the most profitable one among them, how to choose the right bank for a deposit in order to get the highest possible income, in what currency to open a deposit and at what interest rate.
There are a lot of questions, let's go in order
The economic situation in our country can hardly be called stable now. The slowdown in the growth of our economy, which began in 2013, was aggravated by recent events in Ukraine, fluctuations in the exchange rate of the ruble, and the closure of some banks. This created a certain tension around bank deposits.
And yet we still, and in most cases, want to save money “for a rainy day” or accumulate some kind of the required amount money we open a deposit account in a bank.
To save or not to save?
Accumulating money in itself, as a process, I think, for most people is a boring and monotonous activity. You have to be a real Plyushkin to save money for the sake of money.
But if the realization of what you have long desired looms ahead, that’s a completely different matter.
Attention!
What exactly do you want to achieve? Buy an apartment, save up for a comfortable retirement, go on a trip around the world? This truly motivates and forces you to do something that just recently seemed like something out of the world of fantasy and unrealistic desires.
Goals will be achieved if they are set clearly and specifically. Believe it or not, this kind of thing has happened to me more than once.
Bank deposits (deposits)
So, the goals are defined. And we return to our deposits again. To make it clearer, let’s first understand the terms.
What are deposits?
Deposits (sometimes called deposits) are a type of savings account in which funds are placed for a certain period and under contractual conditions for the purpose of preserving them and generating income.
These are client funds that are subject to mandatory return upon expiration of the contract or upon the client’s first request. But while they are placed on deposit, they are managed by the bank.
It's very popular banking product, which arose almost at the same time as banking system. Every Russian can open an unlimited number of deposits, both in one bank and in several at the same time.
What types of deposits are there?
In fact, there are a lot of types of deposits offered by banks, each of which has its own characteristics, pros or cons.
But basically deposits are divided into three main groups depending on:
- from the deposit term – demand deposits and time deposits
- depending on the possibility of replenishment – replenishable and non-replenishable
- depending on the type of deposit currency - deposits in rubles, foreign currency or multi-currency deposits.
From the period of depositing money in the bank.
What is the difference between time deposits and demand deposits? For time deposits that are placed for a specific period (from 1 month to several years), interest is paid upon expiration of the agreed period.
If the client withdraws his money before the end of the period stipulated by the agreement, then the bank can return in full only the initial amount of the deposit, but interest on the deposit can be partially accrued.
Some banks early termination agreements can return fully accrued interest, but usually such deposits have low interest rates.
Advice!
With a demand deposit, funds are placed for an indefinite period, returned to the client upon request, and the interest rates on them are much lower than on time deposits.
Replenishable and non-replenishable deposits
Everything is clear here. If the deposit is replenished, this means that you can deposit additional amounts, which will increase the total amount of the deposit and, accordingly, the income on it.
If the deposit is not replenished, the initial deposit amount cannot be increased, and interest will be accrued only on it.
In what currency should I open a deposit?
In Russian banks you can open ruble deposits, deposits in foreign currency or multicurrency deposits.
Peculiarity multicurrency deposits: on one account can be placed in different currencies several amounts, each of which will accrue its own interest.
It should also be taken into account that interest on foreign currency accounts is always lower than on ruble deposits.
How to choose the most profitable investment?
What do you usually pay attention to when choosing a deposit? Of course, on interest rates (the equivalent of the monetary reward that the client receives for providing the bank with his funds for use).
Interest on bank deposits
First of all, we are attracted by high interest rates (banks always indicate the annual interest rate), which may depend on the amount of the deposit, on the term of the deposit, on whether the deposit is replenished or not, on its type (term or “on demand” ), on capitalization and some other factors that we will talk about later.
Warning!
Let’s say right away that very high interest rates on deposits are not always a sign of a good bank.
Usually, after concluding an agreement, the bank cannot unilaterally change the interest rate, but there are exceptions (this applies to deposits with interest capitalization and extension).
How is interest calculated on deposits?
- First option: at the end of the deposit period, interest is accrued on the original amount.
- Second option: interest payments are made at a certain frequency (regular payments), for example, once a month or quarter. In this case, interest is transferred to plastic card or another account.
- Third option: capitalization of interest on the deposit.
This means the following: interest for a certain period is added to the deposit amount, and in the next period interest will be accrued on a larger amount.
This method of paying interest is sometimes called " compound interest"and can be done once a month, once a quarter, once a year or in connection with the end of the contract.
Attention!
As already noted, capitalized deposits usually have more low percentage, but the income may be higher.
And a few more concepts that need to be understood when referring to bank deposits.
Deposit extension is an automatic extension of the deposit agreement after its expiration and placement of the deposit on new term without client participation.
If no extension is provided, the funds (principal plus accrued interest) will be transferred to the client's account and no interest will accrue from that point on.
In order to resume their accrual, you need to come to the bank and open a new account. However, you need to take into account that the extension does not apply to all types of deposits, and in order to use this service, it must be stipulated in advance in the contract.
To open a bank account, you only need a passport of a citizen of the Russian Federation (sometimes you may be asked to provide some second document, for example, a foreign passport). If you want to open a deposit for a close relative, it is enough to provide his documents or notarized copies of documents.
Profitable deposits in 2017
So, we found out what types of deposits there are, how interest is calculated and what the conditions are for various deposits. We also figured out that the interest rate, which generally ranges from 3 to 10 percent, depends on many factors.
Bank rating
The goal you pursue when opening a deposit should ultimately determine your choice of deposit. It is she who determines what conditions are important to you and what you will give preference to (term, currency, interest rate and other conditions).
Someone wants to make a profit at any cost due to high interest rates, ignoring possible risks and losses. Some people are more satisfied low rates, but such conditions as the ability to replenish an account or withdraw partial money, capitalization, short investment period, and reliability are important.
You can often find good offers at banks for pensioners with a higher interest rate. There are good special offers or seasonal promotions that banks offer for a short time for some occasion.
Advice!
For example, if I wanted to save up for an expensive purchase, I would prefer a long-term replenishable deposit with monthly capitalization, albeit with a lower interest rate.
But in general, this method of investing, which includes bank deposits, today is not the best profitable option. The rates have been significantly reduced compared to what they were a couple of years ago. And to find, for example, a deposit at 10% per annum, you need to try very hard.
Moreover, you need to understand that there is such a rule: than more bank offers deposit opportunities (for example, replenishment, capitalization, partial withdrawal), the lower the interest on this deposit will be.
Where and how to find information about banks?
There are a lot of banks in our country that offer us their services. And sometimes the search for a suitable bank can last for long term. I hope these simple tips will help you navigate this issue.
One way to somehow navigate the choice of a bank is to look at its ratings. The ratings of Russian banks are mainly made up of the following Russian rating agencies, such as the National Rating Agency (NRA), Expert RA, Rus-Rating, AK&M, among which the Expert RA agency is considered the best.
Large international agencies (Fitch, Moody’s and S&P) work only with the largest Russian banks, and medium-sized banks do not fall into their field of vision.
You can also draw certain conclusions by reading the bank’s credit reporting, which is published on the website of the Central Bank or on the website of the Bank of Russia. But perhaps only a specialist can understand these reports. We, ordinary clients, can try our luck on the Banki.ru portal, where the information is presented in a more accessible form that even a layman can understand.
Warning!
The reliability of a bank is determined by its financial indicators. For analysis, we compare the bank’s current assets with the indicators that were a year ago and for the past and current month.
A sign of the bank’s reliability and stability is large assets at the moment and their increase compared to previous periods. The amount of money also indicates the reliability of the bank. own funds(authorized capital).
According to the Finmarket information agency, as of March 1 (the list has not changed as of April 1), the list of the largest banks in Russia includes: AK BARS, Alfa Bank, Bank St. Petersburg, Bank of Moscow, Russian Standard Bank, B&N Bank , bank "Vozrozhdenie", CB "Vostochny", VTB, CJSC "VTB24", GPB, MDM bank, Ministry of Finance, Moscow credit bank, Nomos-Bank, Nordea Bank, Petrokommerts, Promsvyazbank, Raiffeisenbank, Rosbank, Rosselkhozbank, AB Rossiya, Sberbank of the Russian Federation, Svyaz-Bank, CB Citibank, NB Trust, Uralsib, Khanty-Mansiysk Bank, HKF-Bank , UniCredit Bank.
The need to assess the reliability of a bank based on analysis of reporting, paying attention to criteria such as deterioration or violation of mandatory banking organization standards (which may lead to the revocation of the license), for non-made own payments and difficulties encountered in repaying one’s own debts, for large cash turnover, which significantly exceeds the bank’s assets and has no economic justification, for significant investments in mutual funds and shares ( this may serve as a signal of the appearance of big problems for the bank in the near future), to any sharp decline in balance sheet indicators without justified explanations.
Such information can be found in the reporting on the Central Bank website, in the media, on the portal. And although, it seems to me that it is very difficult for an ordinary client to fully assess the reliability of a bank based on such an analysis of specialized reporting, it is quite possible to understand some of the main points, which will at least partially help reduce the level of risks.
2. For the size of the bank. To large federal and regional banks The expression “too big to fail” is almost 100 percent applicable. Information about their assets, which indicate the size of the bank, can also be found in the reports of analytical centers, in the ratings of Russian and international agencies. Of course, this does not exclude the fact that among small banks there are some that deserve attention.
3. On bad news about the bank, to whom you want to entrust your money (especially if this amount is more than 700,000 rubles). Negative information that may appear in the media or in the news feed on the bank’s page on the Banki.ru portal (about 600 banks have such a page on the portal) should, at a minimum, raise alarm bells.
4. For ratings to fall, which may be downgraded by rating agencies. The fact that credit institutions lack ratings is also alarming (which may indicate the bank’s reluctance to provide information to rating agencies in an attempt to hide something negative).
5. At high rates on deposits. Inflated rates that significantly exceed average level, or their sharp increase may be evidence that the bank does not have enough own funds. And, trying to attract more customers through offers that are more profitable at first glance, credit institution trying to pay off his debts. This may indicate increased risk.
How can you tell if the rate is too high or not? In this case, you can focus on the results of monitoring the maximum interest rates (on deposits in rubles) in the top 10 credit institutions, which attract the largest volume of deposits from individuals, published Central Bank. In March, the maximum deposit rate was 8.35%.
6. To change the work schedule. Reducing the bank's operating hours (reducing the number of working days and the period of work during the day), reducing staff - all this can serve as indirect signs of problems that have arisen in the bank.
7. For problems that arise when conducting monetary transactions(for example, delays in cash withdrawals, closure of deposits, quality of service), as well as mass closure of accounts by bank customers. You can learn about this from reviews on various forums.
Deposit insurance – additional security measures
What will happen to our deposit if we made a mistake and our bank went bankrupt or its license was taken away?
This issue worries all investors. In the case of bank deposits, there is no need to be afraid for your savings if they do not exceed the amount of 700,000 rubles.
Since October 1, 2008, our country has had a system compulsory insurance deposits, and the banks themselves do this completely free of charge for clients. If such a problem happens and your bank is closed, within 14 days after the occurrence insured event the deposit amount will be returned to you.
Deposit insurance system
In one bank maximum amount compensation will be 700,000 rubles for all deposits. This point is worth paying special attention to.
That is, if you have several accounts opened in one bank for a total amount of, for example, 1,000,000 rubles, in which case you will receive only 700,000 rubles. Therefore, it is more advisable to open accounts in different banks and ensure that the amount in them does not exceed 700,000 rubles.
For example, if you deposit 500,000 rubles in two banks, in the event of bankruptcy of these banks, you will receive all your money in the amount of 1,000,000 rubles. If it happens that the deposit amount still exceeds 700,000 rubles, the remaining money must also be returned.
But all this will drag on indefinitely, and the return of the money will be possible only after the liquidation of the bank and the sale of its property.
A government bill on increasing deposit insurance from 700,000 to 1 million rubles is currently being actively discussed (this bill was adopted by the State Duma in the first reading last year).
So how to choose a reliable bank?
Before entrusting your money to a particular bank, be sure to check the bank’s affiliation with Russian system deposit insurance. This is easy to do: you can now find information on any bank on the Internet.
Warning!
To begin, select all the banks in which all deposits are insured, and collect as much information as possible about all the banks that are in your city.
From this list, select deposits with the highest interest rates, after making comparative analysis by profitability in different banks. The more you study offers on deposits and deposits, the greater your chances of finding the best option.
Find out if the bank has fees and commissions for any Additional services(for example, for replenishing a deposit, withdrawing cash, opening an account) and penalties in case of premature termination of the contract.
Read the contract carefully! The optimal solution, in my opinion: bank reliability and a relatively high interest rate. But we should not forget that sometimes for excessive high rate The bank's big problems are hidden, which it is trying to solve at our expense.
A meaningful approach, careful analysis and leisurely decision-making will allow you to make the right choice. But at the same time, you shouldn’t delay making a decision; you need to value your own time, money and energy. Therefore, we stop dreaming, building castles in the air and start acting.