Deposit in otp bank interest rates. otp bank deposits in

OTP Bank provides a super profitable line of deposits for individuals for 2019. The maximum interest on OTP Bank deposits is 9.00% per annum. Currently, the Bank has seven deposit programs with different conditions for investing savings.

At OTP Bank you will find a special program for pensioners, a highly profitable deposit with a gift upon opening, and others. The variety of choices will allow each investor to choose the most optimal solution for specific requirements and preferences.

All OTP Bank deposits are insured by the state for an amount of up to 1.4 million rubles. The law will protect your savings in the event of financial problems with the Bank, and is guaranteed to pay out every penny.

In our review, we will describe in detail all the programs of OTP Bank: we will name the pros and cons, provide interest rates, and other. By the way, if you have already used the Bank’s services, please write a review under the article. We will be very grateful to you.

1. “Protective” deposit program

“Protective” is a deposit without replenishment and partial withdrawal, with interest paid at the end of the term. The deposit can be opened for a period of 183 or 368 days. We note that the deposit period is divided into several interest periods, each of which has its own rate.

The maximum deposit rate is 9.00% per annum (operates in the first interest period - from 1 to 61 days, or from 1 to 92 days, depending on the placement period). When making a deposit, each depositor is given a pleasant bonus from the Bank - an insurance policy or a certificate for legal assistance in the amount of 250 to 1,500 rubles (depending on the amount of the deposit).

The minimum contribution is 100 thousand rubles (the maximum amount is limited to 10 million rubles). In case of early termination of the Agreement, interest is recalculated at the “Demand” rate. If the depositor does not claim the deposit amount at the end of the term, then the Agreement will be considered extended for a new term under the terms of the “On Demand” deposit.

Rates for a deposit period of 183 days

Rates for a deposit period of 368 days

2. Deposit program “Double benefit plus”

Deposit with an investment bias. By drawing up an Investment Life Insurance Agreement, you receive additional interest on the deposit rate. Your money will be invested in shares of the largest companies.

Investment life insurance

• Guaranteed return of invested savings;
• The contract is drawn up for five years;
• Possibility of life insurance;
• Obtaining additional income from invested funds;
• Right of return tax deduction from the state - 13% of the amount of contributions.

The deposit period is at the choice of the depositor: 181 or 366 days. There are no expense transactions and replenishments in the “Double Benefit Plus” program. Interest is accrued at the end of the deposit term. The minimum deposit amount is 50 thousand rubles. The interest rate depends on the placement period. In case of early termination, interest is recalculated at the “On demand” rate.

Without drawing up an ILI Agreement, a rate of 0.01% per annum is assigned.

3. “Maximum” deposit program

The deposit was created to obtain maximum income from the invested funds. To place your savings you can choose Russian rubles or US dollars. Minimum deposit amount: 30 thousand rubles or 300 dollars. Please note that the rate will depend on the term and amount of the deposit.

The maximum you can get in rubles is 6.80% per annum, in dollars – 2.25% per annum. Additional contributions and expense transactions are not provided for by the terms of the Agreement. Interest is paid at the end of the deposit term. Early termination threatens the investor with recalculation of interest at the “On Demand” rate (0.01% per annum).

Rates in rubles

4. “Accumulative” deposit program

Deposit with the possibility of making additional contributions. You can top up your deposit throughout the entire period, with the exception of the last 30 days. The interest rate depends on the amount and term of the deposit. Maximum bets: in rubles – 6.10% per annum, in dollars – 2.15% per annum.

You can place savings for a period of 91, 181, or 366 days. Minimum deposit amount: 15,000 rubles or 300 dollars. Interest is paid at the end of the term. Expense transactions are prohibited by the terms of the Agreement. In case of early termination, interest is recalculated at the “On demand” rate.

Rates in rubles

5. “Pension” deposit program

A special deposit for pensioners with preferential terms for placing savings. The deposit can be opened in Russian rubles or US dollars. It must be said that the minimum down payment amount here is small: 15 thousand rubles or 300 dollars.

Additional contributions can be made throughout almost the entire deposit period, with the exception of the last 30 days. Minimum replenishment amount: 1,000 rubles or 50 dollars. Expense transactions are allowed only for the amount of capitalized interest.

Interest is accrued monthly: you can request it to the “Demand” account, or leave it on the deposit account (capitalization). Deposit rates will depend on the amount and term, as well as on the method of receiving interest (if you choose capitalization, the rates are higher).

In case of early withdrawal of the deposit, interest is recalculated at the “On demand” rate. Automatic extension is carried out under the conditions that apply to the “Pension” program on the day of extension.

Rates in rubles

6. “Flexible” deposit program

The deposit was created for investors who prefer to use the most comfortable conditions for managing their deposit. There are all the options that a full-fledged deposit needs: replenishment, partial withdrawal, capitalization (or monthly interest payment).

As usually happens in such programs, the interest rate leaves much to be desired: rubles - up to 5.43% per annum, dollars - up to 0.90% per annum. Additional contributions are accepted throughout the entire placement period with the exception of the last 30 days. The minimum amount of replenishment through the Bank's cash desks in cash: 3,000 rubles or 100 dollars.

Partial withdrawal is possible only up to the “minimum balance”. The amount of the “minimum balance” is equal to the amount of the initial contribution to the deposit. Upon termination of the Agreement, interest is recalculated at the “Demand” rate. Excessive interest paid is deducted from the deposit amount.

Interest is paid monthly. The investor has two options: leave the interest for capitalization, or withdraw it to the “On Demand” account. The deposit can be opened for a period of 181 or 366 days.

Rates in rubles

* – rates for interest capitalization.

7. “Special” deposit program

Only clients who have issued a bank card under the “Your Choice – Savings” and “Everything is Possible” tariffs will be able to open a deposit. The rate on the “Special” deposit is 7.60% per annum. The deposit is opened for a period of 366 days. The minimum down payment amount is 30,000 rubles.

Additional contributions can only be made during the first 60 days of the deposit term. Partial withdrawal is not provided for by the terms of the deposit. Early termination is carried out at the “On Demand” rate. Extension is carried out under the terms of the “Maximum” program. Interest is accrued and paid to the depositor at the end of the deposit period.

OTP Bank is one of the fifty largest banking institutions in Russia with a stable credit rating according to a number of key publications (including Expert RA).

A variety of deposit programs for individuals is one of the key areas of the bank’s activities in 2020, thanks to which anyone can become a depositor by choosing the optimal investment conditions for themselves.

Current conditions for OTP Bank deposits

"Maximum". Issued in rubles and dollars. An individual can choose a convenient contract period in quarterly increments - 3-12 months. It is not possible to partially withdraw deposit funds before the scheduled date. The agreement does not provide for the depositor's right to replenish the deposit; interest is paid after the expiration of the deposit.

"Cumulative". The product is equipped with the option of making additional contributions; the minimum replenishment amount is limited to 3 thousand rubles or 100 dollars.

"Flexible". True to its name, it provides freedom to investors. Duration 181-366 days. Storage Money in rubles or dollars. A small threshold for the minimum contribution has been established - 15 thousand rubles or 300 dollars, capitalization or payment of interest to the account (at the client’s choice) is carried out monthly. The depositor has the right to replenish the deposit or partially withdraw funds.

"Double benefit plus". A deposit with a higher interest rate, opened when drawing up an investment life insurance agreement. Without the possibility of replenishment and partial withdrawal of funds, interest is paid upon expiration of the term.

"Pension". A special deposit for pensioners with the possibility of replenishment and monthly interest payments.

In addition to the basic line, OTP Bank offers savings accounts and premium deposits for wealthy clients.

To make a deposit in OTP, you must personally come to one of the Moscow branches with an identification document. After signing the agreement, the client deposits the agreed amount of money into the deposit account.

OTP Bank is another financial organization operating in Russia. The institution is one of the leaders in the quality of services provided both in Russia and in Central and Eastern Europe.

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Deposits are issued to both individuals and business clients. Let's consider the features of deposits in OTP, the procedure for their registration and calculation.

Which ones does the bank offer?

Deposits in OTP are divided into two broad categories:

• retail;
• premium.

The first group of deposits is intended for ordinary citizens with average incomes. In other words, this is a classic line of deposits with small minimum amounts(from 15 thousand rubles) and flexible terms (from 3 months to 1 year).

The line of premium deposits is designed specifically for wealthy clients. The amounts are large - from 1.5 million rubles.

Deposits can be opened in two major world currencies – dollars and euros. The Freedom of Management VIP deposit also includes Swiss francs as a currency.

There are only 5 retail deposits:

• Cumulative;
• Pension;
• Flexible;
• Savings account.

For wealthy citizens, two products are presented:

• Stable income;
• Freedom of management.

Conditions

Let's first look at the conditions of retail deposits. So, all presented ones can be opened in rubles.

You can invest funds in dollars on deposits:

• Pension;
• Savings account.

You can also open a Savings Account in European currency. In the line of retail deposits there is no opportunity to make investments in Swiss francs, but premium clients are welcome! At the same time, the interest rate will be extremely low - only 0.01% per year.

Comparative conditions of retail deposits:

Product name	Maximum	Cumulative	Pension	Flexible	Savings account
Sum	From 30 thousand	From 15 thousand	From 15 thousand	From 15 thousand	From 0 rubles
Term	From 3 months	From 3 months	From 3 months	From 6 months	From 1 year
Bid	8 %	7,3 %	7,2 %	6,49 %	6,5 %
Interest payment procedure	At the end of the term	At the end of the term	Accrual is every month, and payment or capitalization is chosen by the pensioner investor	Capitalization or payment every month – your choice	Interest is calculated monthly

Premium clients have access to two deposits under the following conditions:

Offer name	Stable income	Freedom of management
Sum	From 1.5 million rubles, or 50 thousand dollars, or 50 thousand euros	From 1.5 million rubles, 50 thousand dollars or euros, and also from 50 thousand Swiss francs
Term	From 6 months	From 1 year
Bid	8,7 %	7,23 %
Replenishment	Allowed, but only in the first month after the date of opening the deposit	At any time, except for the last month of the deposit agreement validity period
Partial withdrawal of funds	Is not allowed	Up to the minimum balance
Interest capitalization	Yes	Yes
Bonuses	Preferential conditions for early termination, as well as a MasterCard Gold debit card as a gift	A MasterCard Gold debit card is provided as a gift

Interest on deposits of individuals in 2020 at OTP Bank

Interest rates will depend on many factors. In particular, depending on the currency, if the terms of the deposit provide for the possibility of registration in several currencies.

For all deposits, the profitability depends on the amount (or the size of the minimum balance) and the term. If the conditions provide for the capitalization of interest, then when choosing this accrual scheme, the profitability will be higher.

Traditionally, the highest profitability will be if:

• invest money in Russian rubles;
• for a period of approximately six months;
• a significant amount (about 1 million rubles);
• by deposit, which provides the least flexibility.

So in OTP – a deposit for which you cannot make incoming and outgoing transactions, this is the Maximum. It is possible to invest money only in rubles for periods from 3 months to 1 year in an amount of 30 thousand rubles.

The maximum rate of 8% will apply in this case:

Well, for those who prefer the freedom to manage savings over high returns, OTP Bank has provided a Flexible deposit with low interest rates, but at the same time, with great opportunities. The yield on the Flexible deposit ranges from 5.85 to 6.49% per year.

How to open

Deposits are opened at OTP Bank branches. There is a special service to search for them on the bank’s website.

To use it, on the main page, select the region from the drop-down list, then click “Branches and ATMs”.

In the block to the left of the map, check the box next to “Branches and branches” and look at the offices either on the map or in the list just below.

Before visiting the office, do not forget to take your passport with you. You will also need to have the required amount of cash with you, which will need to be deposited through the cash register. After concluding the agreement, the deposit will immediately begin to generate income.

How to calculate income

On the OTP Bank website, the deposit selection form and the calculation form are combined. Accordingly, this makes it possible to immediately select a deposit and find out what kind of return the investor expects on it.

You can find the selection and calculation form like this:

• go to the OTP website;
• on the main page click “Deposits and accounts”;

• on the left will be the required form for entering parameters.

First, we decide what type of deposit we are interested in – retail or premium. Click on the appropriate tab and then select the currency - rubles, dollars, euros or francs.

Enter the desired deposit amount and term. If necessary, check the boxes “Withdrawal” and “Deposit replenishment” if you need a product with such options. If the “Deposit replenishment” option is selected, in the “Monthly replenishment” field you can specify the amount that will be deposited into the deposit each month.

• a list of contributions that meet the specified parameters;
• calculation (fields “Rate”, “In n-days I will receive” and “Of which interest”).

Calculation example:

• retail deposit;
• currency - rubles;
• amount – 100000;
• period – 366 days;
• with replenishment, but without withdrawal;
• monthly payments – 5000 rubles.

The calculator showed that the following deposits meet the specified requirements:

• Cumulative;
• Pension;
• Flexible.

From the calculation results it is clear that the largest amount of interest will be paid on the Pension deposit - 8498.90 rubles.

Features of the agreement

OTP Bank has developed contract forms for each deposit separately. However, they are practically the same in structure.

You can download a standard form of a contribution agreement to OTP.

The document form is standard and contains typical subsections:

• “header” of the document, which indicates the parties (name of the bank and full name of the depositor);
• subject of the contract;
• rights and obligations of the parties;
• payment procedure;
• validity of the contract;
• additional conditions;
• addresses and details of the parties.

Deposits for legal entities

At the moment, OTP is ready to offer small businesses the only product for investing available funds - the Classic deposit.

The following terms and conditions apply to this product:

Condition	The essence
Currency	Rubles, dollars, euros or francs
Min. deposit amount	100 thousand rubles, or 10 thousand dollars, or 10 thousand euros, or 10 thousand francs
Max. sum	Not limited
Duration of placement of funds	From 1 day to 2 years
Interest is paid	At the end of the contract
Possibility of making additional payments	No
Partial withdrawal	No
Termination of the contract early	Possibly, but income will be accrued based on the interest rate applicable on the Demand Deposit

How to make a deposit for legal entities? Very simple! All you need to do is follow these steps:

• fill out an online form on the OTP website, or visit the nearest bank branch;
• provide to the service employee legal entities, the required package of documentation (if the legal entity does not yet have a current account);
• conclude a deposit agreement at any convenient time.

For medium or large businesses, OTP also provides deposit products. The bank has developed a special interest system. rates and income instruments, which, in addition to deposits, also include bills of exchange.

OTP Bank offers time savings deposits in rubles or US dollars. There is a deposit program without the possibility of replenishing and withdrawing funds in a partial amount with an increasing rate. Higher interest rates are provided within the framework of a comprehensive savings deposit program while simultaneously taking out an investment insurance policy. The client can open a savings deposit in national or foreign currency. Savings deposit can be opened as part of a special offer for new customers. The Bank also provides the opportunity to place a spending-savings deposit; for pensioners there is a program with special conditions. A permanent deposit program has been developed, which can be opened in rubles, dollars or euros.

Features of deposits. When placing a deposit within the framework of OTP Bank programs, the client needs to pay attention to their following features:

• The client can open several deposits within the framework of one Bank program at the same time. Moreover, their total amount should not exceed the maximum amount established by the rules of the selected program;
• When making a deposit within the framework of some of the Bank’s offers, the client can receive free insurance or a range of legal services as a gift; The interest rate is affected by the parameters of the deposit - term and amount, as well as the currency in which it is opened;
• Payment of accrued interest is carried out, depending on the chosen program, in a lump sum at the end of the term or every month with the possibility of further capitalization or transfer of funds to a separate account;
• After the expiration of the deposit, its automatic renewal is provided under the terms of the primary agreement;
• The client has the right to terminate the deposit agreement prematurely, and the accrued interest is recalculated in accordance with the rate of the permanent deposit;
• At the Bank branch, the depositor can issue a power of attorney to carry out deposit management operations;
• Deposit placement is available to both citizens of the Russian Federation and citizens/nationals of any other state.

How to open a deposit? You can place a deposit in OTP Bank in the following ways:

• At the Bank branch. To conclude an agreement, the client must have with him a general civil passport of the Russian Federation or another identification document, for example, a temporary citizen identity card or a military personnel ID card. Foreigners must provide the Bank with a national passport, migration card and a document certifying the legality of their stay on the territory of the Russian Federation - a visa or residence permit;
• Remotely – using Internet banking. Available only to existing clients of the Bank. When registering a deposit, new clients gain access to the remote service and can manage the deposit remotely.

Closing the deposit and withdrawing funds. On the last day of the deposit's validity period, it can be closed at the client's request. In this case, the full amount of money is returned, including accrued interest. If the deposit is not claimed, it is subject to automatic renewal under the terms of the primary agreement. If, at the time of expiration of the deposit, the program under which it was issued is no longer valid, auto-renewal is carried out on the terms of a perpetual deposit. Early closure of the deposit is allowed, in which case the accrued interest is recalculated at the rate of a permanent deposit.