Many of us dream of living on interest on deposits.and do nothing. Everyone wants to travel, have fun and learn something new, and not spend their time on work. Today in Russia there are many banks that offer their customers various deposits. Each financial institution has its own rates and terms for placing money. The main thing for a depositor is to remember that too high interest rates on deposits are a risk, because banks that do not have liquidity problems will not pay you much. You should not dream that you can live on one percent, you also need to take into account inflation, and the fact that to get a good income from the deposit you need to put a large amount of money on it.
All banks pay cash to their depositors.funds in the form of interest for keeping their own money in a financial institution. According to the legislation of the Russian Federation, interest on deposits is calculated daily. They are paid according to the agreement between the depositor and the bank (once a month, quarter, half year, year, etc.). There are two types of interest charges:
Thus, if you open a deposit in the bank onthe same term and with the same interest rate, then, depending on the method of calculating interest, the final amount of your income will be different. Naturally, with interest capitalization, you will earn more, because their amount will be added to the body of the deposit and increase it. The rate on deposits at each bank is different, it depends both on the policy of the institution and on the need for cash in the bank. The main thing a investor needs is to check the reputation of an institution (and in the modern world it is simple) and only then decide on an investment.
Today in Russia, banks offer their investors three main types of deposits:
All of them differ from each other in many properties and have many features.
A term deposit is a deposit in a bank ona specific period, which is specified in the contract, after which the investor can withdraw their savings together with interest. But there is another option - to roll over the deposit. There are three main types of term deposits: short-term (1 - 3 months), medium-term (3 - 9 months) and long-term (more than 9 months). Usually, the longer the term, the greater the rates on deposits in banks. On the one hand, this type of deposit is the most profitable for investors, because banks offer you the highest interest rates on term deposits. On the other hand, you cannot, if you wish, take your money ahead of time without losing interest.
The deposit can be issued both in rubles and in foreign currency.
A termless deposit is a deposit that is valid.without any time limit. The most important quality is that you can get money back from a financial institution at any time. The advantages of a perpetual deposit include unlimited storage of funds and the possibility of withdrawing them without losing interest. By cons - small interest rates of banks on deposits.
Like a term deposit, you can open a termless deposit both in rubles and in foreign currency.
Saving deposit is a deposit thatis issued for a specific time, usually for several years. Under the terms of the contract, the owner can at any time deposit funds into the account, but cannot withdraw until the end of the term of the deposit. The interest rate on deposits of this type is somewhere in the middle between the rate on fixed-term and termless deposits.
You can open an account in rubles and in foreign currency.
In all countries of the world, deposits in national currencyalways considered the most profitable, and the Russian Federation is no exception. Today, all Russian banks offer customers a huge amount of deposit programs in rubles. The rate on deposits in each institution is different, it often changes, both upwards and downwards. According to statistics, stable banks offer an average market interest rate on deposits. As of today, the average interest rate on the market is 9-11% per annum. There are, of course, institutions where you can make a deposit at 19%, but too much interest rate indicates bank instability. For example, the rates on deposits in Sberbank in national currency from 8.41 to 10.52% (the percentage depends on the duration of the deposit), but also the reputation of the institution of the highest level.
Many residents of the country keep their savings inforeign currency. The most common money in the Russian Federation, in addition to the ruble, is dollars. Many, in connection with the devaluation of the ruble, are trying to buy currency from each paycheck. Therefore, a sufficiently large number of citizens of our country are ready to open deposits in dollars. Yes, the interest rate here will be much less than with a deposit in national currency, but the ruble exchange rate falls, respectively, the rate of the American currency is growing. There are many large banks in Russia that will offer you a good interest rate when opening a deposit in dollars. The average rate on deposits in the market today ranges from 4% to 6% per year. A few examples:
The amount of interest on a dollar deposit, as well as on a deposit in rubles, depends on the term of depositing funds. Take, for example, deposit rates at Sberbank.
Here you need to choose each independently and take into account how long you are ready to part with the money.
The euro currency has become popular in Russia relativelyrecently, but every year more and more residents of Russia prefer to save money in it. Banks are always trying to meet depositors, so they prefer to work with all popular currencies (dollar, euro, pound). Contributions in euros can be issued at almost every financial institution in Russia. The rate on deposits in this currency is small, but, like the dollar, the euro is constantly growing. Today there is a crisis in the Russian Federation, the ruble is depreciating, many experts advise citizens to keep money in currency. Some examples of currency deposit rates:
Yes, the interest is less than with a deposit in rubles and even the American currency, but many who have high hopes for the euro.
We live in a world where there is nothing to hide,therefore, finding out information about any bank in the Russian Federation is quite simple. You can go online and view everything that interests you. Often, depositors are looking for ratings of Russian banks, and even more so ratings of the most profitable deposits both in rubles and in currency. Often, various organizations conduct market assessments and form tables that indicate the most profitable offers from institutions. If we consider the deposits for a term of 1 year, then the rating in 2015 looks like this (from a higher to a lower interest rate):
Russia's economy today is not on the mostits best stage, there has been a significant devaluation of the ruble, prices are rising, and wages are in place. Many of the citizens ask themselves the question: “In what currency should the money be kept?” But there is no simple answer to it. Some believe that you need to buy dollars and euros, because the course is constantly growing. Others advise to open deposits in national currency, because the rate on such deposits is much higher. In one and the other variant there are both positive and negative sides. The main thing that you need is to decide on what exactly you are planning to spend the accumulated amount, and already then decide on the currency.
In Russia, there are a huge number of differentbanks and financial organizations. All of them are trying to lure as many customers as possible and expand their deposit and loan portfolios. Every person in our country is trying to earn more money to provide for himself, his family and heirs. For many people, deposits have long been an integral part of their income. Bank deposit rates allow us to increase our savings and avoid inflation. Agree that to receive an additional 10% per year to your money is not so bad.
Many experts believe that it is more profitable to investmoney in business. Investor income can be up to 35-40% per year, but there is a risk of losing everything. For an ordinary person who has a small salary, this is not an option, it is safer to open a deposit. Before processing, the main thing is to check whether the bank is a member of the state deposit insurance system (almost all financial organizations are included in it). After all, the system guarantees everyone a return of up to 700,000 rubles, including interest.
