Is it worth keeping money in bank deposits: all the pros and cons. Is it worth keeping money on bank deposits: all the pros and cons Profitable deposits with interest per year
Each person saves money for different purposes. However, what many people don't realize is that keeping your savings at home is not the best solution. Instead of generating income for their owner, they only lose their real value due to inflation. In addition, people often do not restrain themselves and spend money. However, deposits in Moscow will help you not only preserve your finances, but also increase them in accordance with the agreement.
Today this product is a universal investment tool. Unlike the stock or precious metals market, you do not need special knowledge or constant analysis of the economic situation. You simply find a suitable offer and sign the contract. Moreover, in most organizations there are no restrictions on minimum contributions, and if there are any, they are small.
The contract itself is very important, so you need to familiarize yourself with the text in person before signing it. To do this, ask the bank employees to provide a sample in printed or electronic form and carefully read all the points, especially those written in small print and marked with an asterisk. With the help of such tricks, unscrupulous organizations try to mislead a potential client and include conditions that are unfavorable for him in the agreement.
Description of important points
The main advantage of the service, in addition to a stable income, is reliability. Consumer accounts are protected by the state at the legislative level through the program compulsory insurance. Therefore, in the event of liquidation or revocation of the license, you will be paid compensation. However, it is limited to 1.4 million rubles, which does not prevent you from dividing the amount exceeding this limit and placing it in several organizations, eliminating various risks.
The next aspect we will look at is account types. The first one is urgent. In this case, you place funds for a certain period of time. Of course, you have the right to apply for early withdrawal, but with a high probability the bank will refuse to pay the accumulated interest. Moreover, this type of deposit is divided into savings and accumulative, which is intended for periodic replenishment (popularly called a “piggy bank”).
The second option - on demand - comes at a low rate. The thing is that it is not profitable for an organization to keep finances for itself, knowing that the owner has the right to demand their return at any time. Such a product is preferred by that category of customers for whom the fact of reliability is enough, and potential profits are of little interest to them.
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On the website you will find current products on the market. Reliable information is collected here, which our specialists check and update daily. By comparing services according to their main parameters - and this is the interest rate, opening cost and commission, you can make the right decision, and the ratings section will help you in choosing an organization. the site is the largest financial supermarket on the Runet, successfully operating for more than ten years. All offers displayed on this page are the best or most profitable solely in the opinion of Banki.ru experts
During the economic crisis that began in 2015, many Russians are interested in how to preserve their savings. Deposits individuals remain one of the most accessible and popular ways of investing. However, today depositors are not chasing high interest rates, but are primarily interested in the reliability of the credit institution. Therefore, in the article we will tell you what the size of rates depends on, find out whether it is possible to find deposits with high yields in reliable banks and analyze the conditions for deposits of credit institutions from the TOP-10, TOP-30 and TOP-50.
Note!
The main factor that influences interest on bank deposits is the level of inflation and the stability of the national currency
Where do the rates come from?
The formation of rates is influenced by several main factors:
· Economic situation in the country. The financial system depends on the state of the economy - the level of inflation, the availability of resources from banks and external loans from the state are taken into account. If funds are needed to repay loans, banks begin to attract money from individuals, so the liquidity shortage factor significantly affects the deposit policy of a credit institution.
· Refinancing rate. The higher the Central Bank raises the refinancing percentage, the higher. At the same time, with an increase in refinancing, interest rates on loans also rise, and this negatively affects the situation in the economy.
· Size limitation. The Central Bank sets a basic level of return on deposits and if it is exceeded by 2%, the bank pays increased contributions to the deposit insurance fund. In January 2016, the baseline was at 11.268%. Thus, if the deposit rate exceeds 13.268%, then the bank pays an increased fee.
· Demand for loans. A high level of lending encourages higher loan rates, and if banks make high profits, they can pay high interest rates.
· The largest banks are usually in no hurry to increase conditions, because they do not need to attract additional funds.
· Features of the deposit program. The term of the deposit, the amount, the interest payment scheme and the possibility of replenishing or withdrawing part of the funds from the account affect the amount of interest. Typically, the maximum income is accrued for a long term and a high deposit amount with interest paid at the end of the term. However, now the bank’s deposit policy depends on internal goals, so it is difficult to make a forecast.
· Rates on deposits in rubles are higher than in foreign currency, but the currency is less susceptible to devaluation, and almost all income on ruble deposits is eaten up by inflation.
· Social programs. Taking into account the heterogeneity of society's income, banks offer differentiation of deposit programs, which differ in the size of the down payment, interest calculation scheme, terms and profitability.
· Seasonal offers. Such deposits are usually timed to coincide with holidays or, on the contrary, are designed to stimulate demand during the period of seasonal decline in interest in banking products.
Below we will look at the programs of several banks occupying different positions in the reliability rating and analyze their level of profitability.
What conditions do the TOP 10 organizations offer?
The main advantage is the low down payment amount (from 1000 rubles, 100 US dollars and euros), and the opportunity to receive regular income. Interest is calculated monthly, after which it can be added to the principal amount or withdrawn from the account.
Among the bank's deposits, basic programs stand out: - with maximum profitability, and - with the ability to replenish and withdraw part of the funds. There is also a charitable contribution “Gift of Life”, and - in British pounds sterling, Japanese yens and Swiss francs. Pensioners can apply for any product on the most favorable terms, regardless of the amount of the down payment.
: “Prospective” - for receiving high income, “Accumulative”, “Dynamic” - with replenishment and withdrawal of part of the funds, as well as “Rentier” - with monthly interest payments and the lowest profitability. The bank also has special programs for pensioners (“Pension”), pensioners who receive pensions through the NPF “Gazfond” and clients who want to have additional income from investing in mutual funds - “ Investment income" The profitability of Gazprombank deposits is significantly higher than that of Sberbank; the amount of the first payment is available to almost all depositors, but interest is accrued at the end of each year of storage and at the end of the term.
With high profitability – “Victory”, with monthly payment of income – “Premium”, with preferential conditions for early termination for wealthy clients – “A+”, a charity program – “Life Line” and deposits with the possibility of withdrawal and replenishment – “Potential” and "Premier", as well as a multi-currency deposit. The placement amount is available to all depositors, but interest can only be withdrawn on the “Premium” and “Potential” deposits (with the possibility of replenishing and withdrawing part of the funds).
The profitability in Alfa Bank on the Pobeda deposit is clearly higher than in Gazprombank, but the Premier deposit, with a high foreign exchange interest rate, is inferior to Gazprombank in rubles. But in terms of deposits with the ability to withdraw and replenish, Gazprombank wins in all respects.
What do organizations from the TOP-30 offer?
There is an account for pensioners, a multi-currency deposit and basic programs for receiving high income and free financial management. The maximum bet is accrued under the “My Benefit” program without the possibility of replenishment and withdrawal. The “My Piggy Bank” deposit is suitable for those who want to top up their account and receive regular income, and the “My Opportunities” program is designed for comfortable management of savings. The amount of the first payment in Promsvyazbank is quite high, but the return on deposits is higher than in Gazprombank and Alfa-Bank; only in the category of deposits with the possibility of withdrawing funds in rubles does Gazprombank win.
Not only classic products are presented, but also pension, charity and multi-currency deposits, as well as a program for VIP clients and a deposit for parents. The amount of the first payment is quite small, but interest is accrued at the end of the term, and monthly capitalization or payment is provided only for special deposits (“Pension”, “Do Good”, “Person”). As for profitability, Bars is inferior to Promsvyazbank in all programs, but if you compare it with Gazprombank and Alfa-Bank, you need to analyze the rates for each product separately.
Uralsib Bank offers a large selection of deposits with high returns. Among the bank’s programs, in addition to programs with replenishment and withdrawal of funds, there is a charitable deposit, “Deposit + Mutual Fund”, pension and multi-currency deposits. The profitability of programs in rubles is slightly lower than in Promsvyazbank, but in foreign currency Uralsib does not offer very good interest rates compared to its competitors.
What interest rates are charged in banks from the TOP-50
“Investment in the future” for clients who have taken out a savings or investment life insurance policy, “Maximum interest”, “Monthly income” with replenishment and “Magnificent Seven” with the possibility of withdrawal and daily capitalization of interest. The profitability of MDM Bank's products is slightly lower than in Promsvyazbank, and on deposits with withdrawals and replenishments is even higher (but lower than in Gazprombank), however, in foreign currency, Promsvyazbank is inferior to MDM Bank.
Home Credit Bank offers 3 basic products in rubles and one in foreign currency. The amount of the first installment is only 1000 rubles, interest is accrued monthly, you are allowed to replenish the account, but withdrawals are not provided. Deposits differ only in the term and size of the rate, which is calculated regardless of the amount. In dollars and euros, the “Income Year” deposit is issued in an amount of $100 or more, interest can be withdrawn monthly or added to the principal amount, but the yield is lower than in MDM Bank or Promsvyazbank.
At OTP Bank you can choose a program to suit every taste with high rates or flexible conditions. The amount of the first installment on OTP Bank deposits must be at least 30,000 rubles. Only two deposits are made in foreign currency, but their profitability is lower than that of competitors. In rubles, the rates are good, at the level of the rating leaders.
How to choose the right deposit
Most of the banks presented show high returns on deposits in rubles. Sberbank is inferior to its competitors in terms of the rate, but wins due to its reliability and flexibility of conditions. In other banks, it is necessary to compare the conditions for each program separately, taking into account the amount and term of placement, as well as additional options (possibility of withdrawal, replenishment, capitalization), because each of the opponents offers favorable interest rates under certain parameters. For better comparison It is advisable to use a deposit calculator, which is available on almost all banking portals.
It is interesting that previously the most profitable programs in rubles were characterized by high returns in foreign currency, but now the opposite trends are observed. Many banks operate high stakes in rubles, but low in foreign currency or vice versa, so you should carefully study the conditions before choosing a program. For example, at the moment, favorable interest rates in foreign currency are offered by MDM Bank, Promsvyazbank, Home Credit and Alfa-Bank.
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 investing savings in Russia.
Choosing 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.
A strict savings regime, hard work, an inheritance or a gift can help you have a free amount of money that you can use at your discretion. different ways: hide money in a secret place, invest in a business, buy real estate, etc. Recently, deposits in Moscow have become increasingly popular. They allow you to guarantee the preservation of capital, including through state insurance, as well as receive additional income in the form of interest paid.
Deposit rates in Moscow banks
Since interest on deposits in Moscow largely determines how much of the deposit will be added to the original one, many consider them the most important condition for the deposit and, on this basis, make the choice of program and bank.
Of course, deposit rates have a big impact on the profitability of deposits in Moscow, but not only they can reduce or increase your profits. Thus, the type of deposit itself can greatly affect the profitability of the entire deposit program:
- time deposits with a strict limitation on the storage period for savings are characterized by the highest interest rates;
- permanent or short-term deposits are usually accompanied by lower rates on deposits in Moscow banks.
Thus, if you want to open a deposit at high interest rates, then try to plan your budget wisely in order to be prepared to comply with certain restrictions:
- ban on closing bank deposit in Moscow ahead of schedule;
- ban on partial withdrawal funds placed on deposit.
Violation of these rules for deposits in Moscow banks may lead to penalties from the bank and a reduction in the initial rate.
In addition, you can choose the interest payment period. There are several options:
- daily;
- once a week;
- once a month;
- once a quarter;
- only at the end of the term.
All interest on deposits of individuals in Moscow is accrued daily, but may differ from each other by the presence of capitalization.
Which bank in Moscow is better to open a deposit in?
In 2020, many banks are working with deposits: Sberbank, VTB, Rosselkhozbank, Post Bank, Alfa Bank, etc.
To open a deposit in Moscow on the best terms, you will have to spend time studying all current options, making calculations, and consulting with specialists.
The deposit calculator on this page will help you quickly obtain all the necessary information on current deposits:
- Enter your deposit requirements.
- Get full list current deposits in Moscow banks updated for today.
After this, you will be able to make an informed choice, as well as immediately submit an online application for the selected deposit program.
“Bank of Moscow” offers several profitable deposits for individuals for 2016, interest up to 10.58% per annum.
Excellent programs: with capitalization, with monthly interest withdrawal, with an increase in the rate in subsequent periods, for pensioners and salary clients, etc.
The maximum interest on all bank deposits (10.58% per annum) can be obtained by investing 1.5 million rubles for one year (taking into account capitalization, the “Maximum Income” program).
You also need to know that when opening a deposit through an Internet bank or ATM, a bonus is added to the rate in the form of 0.3% per annum in rubles, and + 0.1% per annum in dollars and euros.
All deposit programs of the Bank of Moscow (law on the “deposit insurance system”).
1. Contribution “Correct answer”– increase in rate by period of term
This deposit can be opened through Internet banking or a bank office.
The minimum opening amount is 100 thousand rubles (a deposit cannot be opened in another currency), the period is 380 days.
As you will see in the table, the rate grows according to the time period (there are four of them), and is equal to from 8.0 to 12.0% per annum (the average for the entire period is 9.75%).
The rate increases during the capitalization process - every 95 days. Interest will be paid to you at the end of the deposit term.
Replenishing and partially withdrawing the deposit is not allowed.
2. Deposit “Maximum income”– maximum annual rate
In this program you can find the maximum rate on all bank deposits, although the deposit amount to receive it is very substantial.
Very low minimum amount opening – 1 thousand rubles, 100 euro-dollar.
The product comes with capitalization (interest is paid at the end of the term) and without it (monthly withdrawal to the card account).
The deposit period is at the client’s choice – from 91 to 1095 days.
In case of early withdrawal - within a period of 180 days - it is paid at a rate equal to 60% of the fixed one (see table below).
I give a table with rates when opening through an Internet bank or an ATM; if you open through an office, subtract 0.3% per annum from the desired value.
| Deposit term (days) | 91–180 | 181–364 | 365 | 366–547 | 548–730 | 731–1094 | 1095 |
|---|---|---|---|---|---|---|---|
| from 1 000 | 7,80% / 7,85% | 8,70% / 8,86% | 8,70% / 9,06% | 8,60% / 8,95% | 7,30% / 7,69% | 7,10% / 7,61% | 6,80% / 7,52% |
| from 200,000 | 8,00% / 8,05% | 8,80% / 8,96% | 8,80% / 9,16% | 8,70% / 9,06% | 7,40% / 7,80% | 7,20% / 7,72% | 6,90% / 7,64% |
| from 550,000 | 8,10% / 8,15% | 8,90% / 9,06% | 8,90% / 9,27% | 8,80% / 9,16% | 7,90% / 8,36% | 7,70% / 8,30% | 7,40% / 8,26% |
| from 850,000 | 8,20% / 8,26% | 9,20% / 9,38% | 9,20% / 9,60% | 9,10% / 9,49% | 8,10% / 8,58% | 7,90% / 8,53% | 7,60% / 8,51% |
| from 500,000 | 8,30% / 8,36% | 10,10% / 10,31% | 10,10% / 10,58% | 9,70% / 10,14% | 8,30% / 8,81% | 8,10% / 8,76% | 7,80% / 8,76% |
Note: in bold in the table, the rates for capitalization are indicated...
3. Deposit “Current pension”– we get income even in 1 day
Truth be told, the interest in this program is quite meager - 4% per annum (but at least this is better than keeping it “in a stocking”).
There is no minimum opening or replenishment limit, interest is paid quarterly.
To open a deposit, you will need to go to the bank office with your Passport and sign an agreement (after studying it first).
4. “Maximum growth” deposit– excellent rate and a sea of bonuses
And the last product, which we would recommend to investors, has the following advantages: a decent “net” rate - up to 9.71% per annum, a small opening amount - 1 thousand rubles, the ability to withdraw up to the “minimum balance” (allowed once, after 180 days ), preferential conditions for early termination (60% of the rate is maintained), the deposit can be replenished, capitalization and monthly withdrawal.
The program also “carries” improved conditions for its salary clients and pensioners.
The deposit can be opened in rubles, dollars (maximum rate - 2.13% per annum), euros (maximum rate - 1.31% per annum).
The deposit period is from 91 to 1095 days, at the request of the depositor client.
Bold font in the table indicates rates with capitalization. These percentages apply when opening a deposit through ATMs or online banking; if you open a deposit through an office, subtract 0.3% per annum from the rate parameter.
| Deposit term (days) | 91–180 | 181–364 | 365 | 366–547 | 548–730 | 731–1094 | 1095 |
|---|---|---|---|---|---|---|---|
| from 1 000 | 7,30% / 7,34% | 8,50% / 8,65% | 8,50% / 8,84% | 7,90% / 8,19% | 6,30% / 6,59% | 6,10% / 6,47% | 5,80% / 6,32% |
| from 200,000 | 7,50% / 7,55% | 8,60% / 8,75% | 8,60% / 8,95% | 8,10% / 8,41% | 6,40% / 6,70% | 6,20% / 6,58% | 5,90% / 6,44% |
| from 550,000 | 7,60% / 7,65% | 8,70% / 8,86% | 8,70% / 9,06% | 8,30% / 8,62% | 6,90% / 7,25% | 6,70% / 7,15% | 6,40% / 7,04% |
| from 850,000 | 7,70% / 7,75% | 9,10% / 9,27% | 9,10% / 9,49% | 8,60% / 8,95% | 7,10% / 7,47% | 6,90% / 7,38% | 6,60% / 7,28% |
| from 1,500,000 | 7,80% / 7,85% | 9,30% / 9,48% | 9,30% / 9,71% | 8,80% / 9,16% | 7,30% / 7,69% | 7,10% / 7,61% | 6,80% / 7,52% |
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