Reliable banks with high interest on deposits. Glad to see you again! A new book by King came out the other day, so I, as an avid reader of it, went to the store for a novelty.
Already when I approached the checkout, it turned out that the device did not want to punch through the coloring of one married couple.
While I was waiting for my turn to come, I witnessed the conversation of this couple.
The man intended to invest in a bank, but could not choose which one.
My wife could not advise anything decent, so I could not resist and got into the conversation.
Deposits at high interest rates - in which banks interest rates are higher?
Perhaps everyone who has thought 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 the 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 you know, the State Deposit Insurance System guarantees each depositor of a bank - a member of 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!
The most reliable bank is not only a large bank, but also the least risky one. Lending institutions with the participation of the state are least inclined to risk - and our people are used to trusting the state a little more than private business.
No wonder that it is the state-owned banks that lead the ratings in all respects, including the amount of funds attracted in deposits. In addition, the leading banks have a wide (Gazprombank, VTB24) or a 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, to a greater extent trusting private capital, prefer high income on deposits. The fact is that these banks are vigorously issuing loans at not the smallest interest rate, 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 banks in the Russian Federation). Now let's consider what the banks mentioned above offer their depositors by the beginning of a new one, in December 2016.
Sberbank
Perhaps this is the first bank that almost every Russian will think about out of habit. Sberbank now offers the following deposits:
- 8 time deposits in rubles, dollars or euros (from 2.3% for the "Savings account" to 6.49% for the "Save" deposit in rubles);
- for wealthy clients who prefer other currencies - “International” deposit (in British pounds, Swiss francs and Japanese yens - at 0.01% per annum);
- 3 deposits for owners of the Sberbank First and Sberbank Premier service packages - Save Special, Replenish Special and Manage Special with increased 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 for time deposits, by an average of 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.
You can choose between replenishing and non-replenishing deposits, with a different scheme of interest payment (at the end of the term, monthly, etc.), and the minimum amount (from 10 to 1000 rubles) is "within the leverage" of any person.
VTB 24
This bank offers 10 deposits on various terms (we can say that they are about the same with VTB 24 as with Sberbank):
- 3 deposits opened in bank branches - Comfortable, Accumulative and Profitable at rates from 0.01% to 7.75% per annum.
- 3 deposits opened remotely in the Internet bank - Comfortable-online, Savings-online and Profitable-online at rates from 0.01% to 7.90%.
- 3 deposits on special terms for owners of the "Privilege" service package with increased interest rates, which are calculated individually for each client.
- 1 savings deposit with flexible terms at 0.01 - 8.50% in rubles.
Gazprombank
This bank has only 7 deposits: 1 investment, including with investments in mutual funds (up to 9.70%), 5 accumulative deposits of 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 (the maximum rate is up to 9.10% in rubles, 2% in dollars and 0.55% in euros), 1 pension savings program (up to 7.0%).
Attention!
The rest of the 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 conditions for placement 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 before January 31, 2017 for 400 days, implies 4 interest periods. The highest rate - at 10% per annum, can be obtained in the first period with a validity period of up to 100 days, in other periods the rate is 7.5%.
The bank also offers 3 basic term deposits: “Maximum income”, “Maximum growth”, “Maximum comfort” with rates up to 8.46% for ruble accounts, up to 1.61% for dollar accounts and 0.01% for euro accounts. For pensioners, 3 programs have been developed (up to 8.46% in rubles), there is also a savings account in rubles (up to 5%) and special offers for privileged clients.
We can say that deposits in this bank are beneficial primarily to a client with a large amount or who wants flexibility in replenishment / withdrawal of funds. When opening deposits via the Internet or an ATM, 0.3% is added to the ruble rates and 0.1% to foreign exchange rates.
Russian standard
This bank offers 4 deposits with a variety of interest payment schemes: the depositor has a lot to choose from. Interest 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 in most deposits is not offered, and the conditions are not the most flexible - this is a logical “payment” for a depositor for a 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 for 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 / euros, including a multicurrency one. 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 terms in terms of terms, interest payments and replenishment / withdrawal.
MTS-Bank
The best bank deposits in 2017: conditions and interest rates The former MBRD offers 9 deposits in rubles / dollars / euros, including multicurrency and pension. Rates in rubles from 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 percentage.
An additional 0.30% to the base rate can be received by clients opening a deposit in the Internet bank, as well as salary clients, up to 0.40% to the rate - with a deposit amount of 4 million rubles or more.
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 a high interest rate 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 carefully study the conditions in terms of replenishment, early withdrawal, etc., in order to make your contribution not only profitable, but also convenient in terms of using money.
source: http: //site/www.vkladvbanke.ru
The issue of preserving and increasing money is always relevant. One of the smartest and safest options is opening a bank deposit.
Warning!
Which bank and deposit to choose for the most profitable investment 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.
What is the best deposit to open?
To begin with, let's try to conduct a small educational program to figure out what determines the level of interest rates in banks. Immediately, we note that several interrelated factors affect the amount of return on deposits at once:
- Rising inflation and devaluation of the ruble.
- Decrease in the growth rate of household deposits.
- Competition between banks for depositors.
- Change in the key rate by the Central Bank of the Russian Federation
- Outflow of foreign investment and blockade of the debt market, that is, a shortage of liquidity and funding (raising funds from organizations).
- Changes in legislation (until December 31, 2015, a privilege was in effect: interest on ruble deposits of citizens placed at a rate of up to 18.25% per annum was no longer subject to personal income tax; there was an increase in the amount of insurance compensation on deposits from RUB 700,000 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 amount of interest 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 safekeeping.
Attention!
It is the main indicator of monetary policy. Directly affects the level of interest rates on deposits. From August 3, 2015, it equals 11% and remains unchanged 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 introduced by the concept of the "refinancing rate", which is also used in lending to private financial institutions, but since the introduction of the key rate, that is, from September 13, 2013, it is of a secondary and reference nature, and since January 1, 2016 it is equal to key rate, as stated in the document "On the system of interest rate instruments of the monetary policy of the Bank of Russia."
In addition to the above, it should be noted such a monitoring tool of the Central Bank of the Russian Federation as "Maximum interest rate of ten credit institutions attracting the largest volume of deposits from individuals", which shows the average maximum interest on a deposit among the TOP-10 banks in terms 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;
- B&N Bank;
- "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 the official websites.
In the third decade of November 2016, based on the results of monitoring the maximum interest rates (on deposits in Russian rubles) of ten credit institutions attracting the largest volume of deposits from individuals, the average maximum rate on deposits is 9.93%.
Advice!
In the first and second decades of November 2016, the rate was at the level of 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 bid? Since October 2012, the Central Bank of the Russian Federation has categorically not recommended all private banks to exceed the indicator established during the monitoring by more than 2 percentage points (percent), since December 22, 2014 - by 3.5%, since July 1, 2015 it has allowed any increase in exchange for an increase in contributions (deductions) of credit institutions to the Deposit Insurance Fund (FSV).
Banks' fees for increased risk are set as follows:
- if the value of the interest rate on the deposit is not overestimated relative to the average maximum, the bank makes deductions at the base rate - 0.1% of the average quarterly balance on deposits;
- 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 fee at an additional rate of 0.12%;
- if the bank overestimates the lending rate by 3% or more from the average maximum, then it pays an increased additional rate - 0.25%.
What conclusion should ordinary investors draw from this information? If the level of profitability of a deposit, in the opinion of the Central Bank of the Russian Federation, is too high, then such a deposit carries additional risks, therefore a private bank pays contributions to the DIA at an increased rate.
For ease of understanding, we will give an example from the previous methodology of the Bank of Russia:
- The current average maximum rate on deposits is 9.93%.
- The maximum recommended excess of the rate level is 3.5%.
- The maximum acceptable (with a marginal level of risk) deposit rate is (9.93% + 3.5%) = 13.43%.
So, in the winter of 2015, the best bank deposits were offered at rates from 10 to 11%, and with a deposit yield of more than 13.7%, you can deal either with an unstable credit institution or conducting risky transactions.
For the sake of fairness, we note that at the moment all deposits in one bank in the amount of up to RUB 1,400,000 are “protected” by the Deposit Insurance Agency (DIA), so the risk is assumed to a greater extent by the banking system than by the depositors.
But there is little pleasant in the thought that you may run into a bank that has had its license taken away or which has started bankruptcy proceedings. On an annualized basis, inflation in 2015 is at the level of 16%, but there are all preconditions for its significant slowdown in 2016–2017.
Having looked at the dynamics of the decrease in the key and average maximum rates on deposits, it can be assumed 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 the winter of 2017 is the most favorable period for opening deposits at good interest rates, which may not be found in the future.
In the winter, the market has been revitalized with special seasonal products. Despite the fact that the number of interesting offers on deposits is not so great, there are still banks that are ready to provide very attractive conditions. If you set out to find the best deposit in rubles or in foreign currency, then this review will help you.
Ruble or foreign currency deposit?
The income and consumption of the overwhelming majority of Russians is ruble-oriented. In this regard, the ruble deposit seems to be the most reasonable solution. In addition, if the ruble continues to weaken, interest rates on ruble deposits may rise, and it is advisable not to miss such a moment.
Warning!
Despite the fact that Russians traditionally consider the currency as a more stable option for saving funds, in the current unpredictable situation it is rather dangerous to choose it, since at the moment the rates of the euro and the dollar 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 weakening of sanctions or an increase in oil prices), then the foreign exchange contribution will lose all meaning for those who are used to spending money in rubles. According to experts, those who are really interested in the currency have already managed to diversify their funds.
If you are not one of such people, then the contribution in foreign currency should not be of particular interest to you. As mentioned above, the income and spending of the overwhelming majority of Russians are focused on rubles, which means that they need to be saved.
Time deposit or on demand?
All deposits can be divided into urgent 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% (profit from such a deposit will not even cover monthly inflation).
Time deposits are placed for a certain period, before the expiration of which the client should not claim his funds, otherwise, in most cases, he will lose his income. A term deposit is more often placed for a year, less often - for several months.
Deposits with the longest storage period are sometimes provided with 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.
Refillable or non-refillable deposit?
Deposits are classified depending on the degree of the depositor's control over the invested funds. When opening a non-refillable deposit, any replenishment or withdrawal operations are prohibited - banks use them to offer the most favorable conditions for placing funds.
The replenished deposits allow you to add money to the account during the validity of the agreement, which is convenient for the systematic accumulation of a large amount of money. Some banks offer refillable deposits that allow the client to make debit and credit transactions. As already mentioned, the best conditions are provided for non-refillable 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 decreasing. Recall that in December 2016, the Bank of Russia sharply increased the key rate to 17%, thereby causing an increase in interest rates on deposits 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 yield is at the level of 12-13%.
Experts' forecasts are rather ambiguous: the majority expect 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 on deposits (11%) is offered by Russian Standard Bank for a period of 1 year, interest is paid at the end of the agreement.
Credit Bank of Moscow provides deposits with rates ranging 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 can see, the larger the bank, the lower interest rates on deposits it is ready to offer.
The best conditions for deposits can be found in small private banks. But we recommend that you pay special attention to the conditions for early termination of the deposit agreement, since in case of unforeseen circumstances you risk losing most (if not all) of the interest on the deposit.
The best deposits in euros
The situation with foreign currency deposits is about the same as with ruble deposits. The average rate on deposits in euros is about 2.5-3%.
Attention!
Leading banks with high rates on foreign currency deposits, again, are not encouraging: the average annual interest rate is about 1.5-2.5%. For example, an option for a deposit in euros can be found in UniCredit Bank.
It provides for placement for a year from 20,000 euros at a rate of 3%. At Bank Saint Petersburg you can count on a 2.8% rate when you open an on-line deposit for a period of 5 years in the amount of 50,000 euros or more. Interest is paid at the end of the deposit term.
Credit Bank of Moscow offers deposits from 100 euros for a period of 1 year at 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, because of doubts about the reliability, and secondly, because of the geographical location. In turn, the largest Russian banks are not ready to provide attractive terms 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 banking sector: ineffective banks will be automatically ousted from the market. However, one should not unequivocally neglect the huge potential of the regions.
Among the regional banks there are quite solid ones with branches in many cities, confidently holding their positions in the market. Before contacting one of the largest banks, check the situation in your region.
The 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, the following conditions for deposits are offered here. 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 the deposits of B&N Bank: 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 Saint Petersburg is 3.9%. Any depositor can open a deposit with such a percentage if he has $ 50,000 and 915 days before the receipt of income. On average, the largest Russian banks are ready to offer an annual rate in the range of 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 ask yourself the question: "How to choose a reliable bank" when planning to open a bank account, get a loan or mortgage.
The interest in this topic can be easily explained: firstly, this is another small step towards mastering the basics of financial literacy. Remember, we talked about this in the article "Economy and financial literacy you need to learn"?
Secondly, this is the first small step on the path of practical application of the knowledge gained, to which I was prompted by a far from new and not at all original idea: “money should work”.
Warning!
How to do it? Start investing (everyone is talking about this now), study stock markets, monitor the economic situation, compare offers from different banks?
I agree, you need to invest. But for me now it is very difficult and not entirely clear, there is not enough experience and knowledge. Therefore, to begin with, I decided to deal with that type of investment, which, in fact, is not investment, but rather a way of accumulating funds - bank deposits.
How to choose a bank for a deposit
Why did I decide to start with this ancient and popular product? Because in our daily life we most often come across banks and bank deposits. Perhaps almost every person has at least a small bank "stash".
We don’t feel stressed when we donate our money to the bank. And we are not afraid of losing our money, because, you must agree, the risk here is minimal.
And this does not require any special psychological preparation, which is simply necessary when investing in more risky financial instruments such as real estate, mutual funds, Forex, Pamm accounts, investments in the stock market, in works of art, antiques, precious metals.
But we do not always know how efficiently our money can work in different banks. Different deposits on different terms and in different banks can bring completely different income.
Let's try to figure out together which banks are the most reliable, what deposits are and how to choose the most profitable among them, how to choose the right bank for a deposit in order to get the highest possible income, in which currency to open a deposit and at what percentage.
There are many 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 exacerbated by the recent events in Ukraine, fluctuations in the ruble exchange rate, and the closure of some banks. This created a certain tension around bank deposits.
And yet we still and in most cases, in the desire to save money "for a rainy day" or to accumulate some necessary amount of money, open a deposit account in a bank.
To save or not to save?
The accumulation of money in itself, as a process, I think, for the majority is a boring and monotonous occupation. You have to be a real Plyushkin in order to save money for the sake of money.
But if the fulfillment of what has been desired for a long time looms ahead, it is a completely different matter.
Attention!
What exactly do you want to achieve? Buy an apartment, save up for a comfortable old age, go on a trip around the world? This truly motivates and makes you do what just recently seemed to be something from the world of fantasy and unrealistic desires.
Goals will be achieved if they are set clearly and concretely. Believe it or not, this 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 figure out the terms first.
What are deposits?
Deposits (sometimes called deposits) are a type of savings account in which funds are placed for a certain period and on certain terms and conditions in order to preserve them and generate income.
These are the client's funds, which are subject to mandatory return upon the expiration of the contract or at the first request of the client. But at the time of placement on the deposit, they are controlled by the bank.
This is a very popular banking product that emerged almost at the same time as the banking system. Each Russian can open an unlimited number of deposits, both in one bank and in several at the same time.
What are the deposits?
In fact, there are a lot of types of deposits that are 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 term of the deposit - deposits "on demand" and time deposits
- from the possibility of replenishment - rechargeable and non-rechargeable
- from the type of deposit currency - deposits in rubles, foreign currency or multicurrency deposits.
From the term of placing money in the bank.
What is the difference between term deposits and demand deposits? On term deposits that are placed for a specific period (from 1 month to several years), interest is paid after the specified period.
If the client withdraws his money before the end of the term stipulated by the agreement, then the bank can return in full only the initial amount of the deposit, while the interest on the deposit can be partially charged.
Some banks, upon early termination of the agreement, can return the fully accrued interest, but usually low interest rates on such deposits.
Advice!
On demand deposits, funds are placed for an indefinite period, returned to the client on demand, and the interest rates on them are much lower than on time deposits.
Refillable and non-refillable deposits
Everything is clear here. If the deposit is replenished, then this means that additional amounts can be made to the deposit account, which will increase the total amount of the deposit and, accordingly, the income on it.
If the deposit is non-refillable, the initial deposit amount cannot be increased, and interest will be calculated only on it.
In what currency to open a deposit?
In Russian banks, you can open ruble deposits, deposits in foreign currency or multicurrency deposits.
The peculiarity of multicurrency deposits: on one account, you can place several amounts in different currencies, for each of which a different percentage will be calculated.
It should also be borne in mind 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 remuneration 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 (urgent or "on demand" ), capitalization and some other factors, which we will talk about later.
Warning!
Let's make a reservation right away that very high interest rates on deposits are not always a sign of a good bank.
Usually, after the conclusion of the agreement, the bank cannot unilaterally change the value of the interest rate, but there are exceptions (this applies to deposits with interest capitalization and prolongation).
How is interest calculated on deposits?
- The first option: at the end of the term of the deposit, interest is charged on the original amount.
- Second option: interest is paid at regular intervals (regular payments), for example, once a month or quarter. In this case, the interest is transferred to a plastic card or other account.
- The 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 charged on a larger amount.
This method of paying interest is sometimes called "compound interest" and can be made once a month, once a quarter, once a year, or in connection with the expiration of the contract.
Attention!
As already noted, deposits with capitalization usually have a lower interest rate, but the income may be higher.
And a few more concepts that need to be understood when referring to bank deposits.
Prolongation of a deposit is an automatic extension of a deposit agreement after its expiration and placement of a deposit for a new term without the participation of the client.
If there is no prolongation, the funds (principal plus accrued interest) will be transferred to the client's account, and no interest will be charged from that moment.
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 prolongation does not apply to all types of deposits, and in order to use this service, you need to stipulate it in advance in the agreement.
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 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 deposits are, how interest is calculated and what are the conditions for various deposits. And also figured out that the interest rate, which fluctuates mainly from 3 to 10 percent, depends on many factors.
Banks 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 prefer (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. Someone is satisfied with lower rates, but at the same time, such conditions as the ability to replenish an account or partially withdraw money, capitalization, a short investment period, reliability are important.
You can often find good offers in banks for pensioners with a higher interest rate. There are good special offers or seasonal promotions that banks arrange for a short time on some occasion.
Advice!
For example, if I wanted to save money for an expensive purchase, I would prefer a long-term replenishment deposit with monthly capitalization, albeit with a lower interest rate.
But in general, this method of investment, which includes bank deposits, is not the most profitable option today. The size of the rates has been significantly reduced compared to what it was for a couple of years. 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: the more the bank offers opportunities for a deposit (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 that offer us their services in our country. And sometimes the search for a suitable bank can take a long time. I hope these simple tips will help you navigate this issue.
One of the ways to somehow navigate the choice of a bank is to look at its ratings. The ratings of Russian banks are mainly made by such Russian rating agencies 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 reviewing the bank's credit reporting, which is published on the Central Bank website or on the Bank of Russia website. But to understand these reports, perhaps, only a specialist can do it. We, ordinary customers, can try our luck on the Banki.ru portal, where information is presented in a more accessible form, which can be understood even by a non-professional.
Warning!
The bank's reliability is determined by its financial indicators. For analysis, we compare the current assets of the bank with the indicators that were a year ago and for the past and current month.
A sign of the bank's reliability and stability - large assets at the moment and their increase in comparison with previous periods. The amount of its own funds (authorized capital) also testifies to the reliability of the bank.
According to the information agency Finmarket, as of March 1 (as of April 1, the list has not changed), 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, KB Vostochny, VTB, CJSC VTB24, GPB, MDM Bank, MInB, Credit Bank of Moscow, Nomos-Bank, Nordea Bank, Petrokommerts, Promsvyazbank, Raiffeisenbank, Rosbank, Rosselkhozbank, AB Russia ”, Sberbank RF, Svyaz-Bank, CB Citibank, NB Trust, Uralsib, Khanty-Mansiysk Bank, HCF-Bank, UniCreditBank.
The need to assess the reliability of the bank based on the analysis of the reporting, paying attention to criteria such as deterioration or violation of the standards mandatory for a banking organization (which may lead to the revocation of the license), to not made own payments and difficulties encountered in paying off their own debts, to high turnover of cash, which is significant exceed the bank's assets and do not have an economic justification, for significant investments in mutual funds and shares (this may serve as a signal that the bank will have big problems in the near future), for any sharp decrease 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 on the basis of such an analysis of specialized reporting, it is quite possible to understand some of the main points, which at least partially will help reduce the level of risks.
2. By the size of the bank. For large federal and regional banks, the expression “Too big to fail” is almost 100 percent applicable. Information about their assets, which testifies to 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. 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 least alert.
4. The drop in ratings which can be downgraded by rating agencies. The fact that credit institutions do not have a rating is also alarming (which may serve as evidence of the bank's unwillingness to provide information to rating agencies, trying to hide something negative).
5. At high rates on deposits. Inflated rates, which are significantly higher than the average level, or their sharp increase may be an indication that the bank does not have enough of its own funds. And, trying to attract more customers through more advantageous, at first glance, offers, the credit institution is trying to pay off its debts. This could be an indication of an increased risk.
How to understand if this rate is too high or not? In this case, one can focus on the results of monitoring the maximum interest rates (on deposits in rubles) in the top 10 credit institutions that attract the largest volume of deposits from individuals published by the Central Bank. In March, the maximum rate on deposits was 8.35%.
6. To change the work schedule. Reduction of the bank's working time (decrease in the number of working days and the period of work during the day), reduction of personnel - all this can serve as indirect signs of problems that have arisen in the bank.
7. For problems encountered when carrying out monetary transactions (for example, delays in withdrawing cash, closing deposits, quality of service), as well as massive closing of accounts by bank clients. You can find out about this from reviews on various forums.
Deposit insurance - additional security measures
What will happen to our deposit if, nevertheless, we made a mistake, and our bank went bankrupt or its license was taken away?
This question worries all investors. In the case of bank deposits, you should not be afraid for your savings if they do not exceed the amount of 700,000 rubles.
Since October 1, 2008, a system of compulsory deposit insurance has been operating in our country, and the banks themselves do this completely free of charge for clients. If such a nuisance happens, and your bank is closed, within 14 days after the occurrence of the insured event, you will be refunded the amount of the deposit.
Deposit insurance system
In one bank, the maximum amount of 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, 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 make sure that the amount on them does not exceed 700,000 rubles.
For example, putting in two banks 500,000 rubles each, 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 amount of the deposit still exceeds 700,000 rubles, the remaining money must also be returned.
But only all this will drag on for an indefinite period, and the return of 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 now being actively discussed (in the first reading, this bill was adopted by the State Duma last year).
So how do you choose a reliable bank?
Before entrusting your money to this or that bank, be sure to check if the bank belongs to the Russian deposit insurance system. It is easy to do this: you can now find information on any bank on the Internet.
Warning!
First, select all 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, choose the deposits with the highest interest rates, after making a comparative analysis of profitability in different banks. The more you study the offers on deposits and deposits, the more chances you have to find the best option.
Find out if the bank provides 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, is the bank's reliability and a relatively high interest rate. But at the same time, do not forget that sometimes behind an excessively high rate there are big problems of the bank, which it is trying to solve at our expense.
A sensible approach, careful analysis and deliberate decision-making will allow you to make the right choice. But at the same time, you should not delay making a decision, you need to value your own time, money and effort. Therefore, we stop dreaming, build castles in the air and begin to act.
The largest deposit rates in Moscow banks from the top 10 are presented on this page. You can compare and choose a deposit at the maximum interest rate for today, in 2019 - 2020.
A bank deposit for individuals today is one of the most affordable tools for investing savings. By opening a deposit, you keep your money in a safe place, receive a small income from it, and also have quick access to it if necessary.
Most of the deposits, which are issued at maximum interest rates, have common features. They cannot be replenished, and partial withdrawals without loss of interest are also prohibited. The only exceptions are short-term deposits for a period of 1-3 months. But they, in general, are not time deposits, but savings accounts with no time limit for investing savings.
When choosing a deposit, of course, first of all, everyone looks at the percentage offered by the bank. Below are the most profitable deposits for individuals in Russian banks from the top 10 today, as well as their decoding by terms:
- 1 month;
- 3 months;
- 6 months (six months);
- 1 year (12 months).
Deposits with the highest interest rates for today
Thinking where to invest money in 2019 so that it works, many are wondering: which bank has the highest interest on deposits today. But when opening a deposit account with a bank, you should pay attention not only to the interest, but also to the conditions of this deposit, such as the minimum amount and the term of the deposit.
Deposits at maximum interest in top-10 banks
"New Year's Dreams" - ICD
- No replenishment
- Without partial removal
- Capitalization monthly
- % monthly
"Your success" - Gazprombank
- No replenishment
- Without partial removal
- Capitalization monthly
- % at the end of the term
"Fix your income" - Rosselkhozbank
- No replenishment
- Without partial removal
- Without capitalization
- % at the end of the term
"Reliable Promo" - FC Otkritie
- No replenishment
- Without partial removal
- Without capitalization
- % at the end of the term
"Even higher" - Alfa-Bank
- No replenishment
- Without partial removal
- Capitalization monthly
- % monthly
"My income" - Promsvyazbank
- No replenishment
- Without partial removal
- Without capitalization
- % at the end of the term
Deposits at a maximum interest rate for 1 month
Deposits at a maximum interest rate for 3 months
High interest deposits for 6 months
High interest deposits for 1 year
If you need to withdraw all the money from the deposit before the expiration date, you can do this at any time. However, interest will most likely not be charged!
Deposits at a maximum interest rate for 3 years
What is the safest amount to open deposits for?
According to Russian legislation, deposits up to 1,400,000 rubles are insured if the bank participates in the deposit insurance system. If the license is revoked from such a bank, the Deposit Insurance Agency through agent banks fulfills its obligations to its depositors within the established limit. This is the meaning of guaranteeing the safety of savings entrusted to the bank.
In a word, if you invest less than 1,400,000 rubles, then you can choose the highest interest on bank deposits- if the license is revoked, of course, you have to get nervous, but the money will still be returned.
Refunds over the specified amount are not guaranteed, so if you keep more than 1,400,000 rubles in the bank, then you are assuming an increased risk.
Find out the exact conditions and interest on deposits in branches or on the official websites of banks. The data are presented for informational purposes only, they are not a public offer.
In 2019, deposits for 3 months are becoming more and more popular. This is partly due to the difficult period that the Russian economy is going through today. Not many are now ready to plan their income and expenses for a long time, and therefore prefer short-term investments.
A plus . Bank deposits with interest for 3 months are a good way to invest money, taking into account that you can get a good income and not part with your funds for a long time.
Minus . However, it should be noted that short-term deposits are less profitable than those that are issued for six months or a year.
Savings accounts - an alternative to short-term deposits
In addition, in many banks for such a short period it is impossible to issue a term deposit. Instead of them, Savings Accounts are offered, which are opened indefinitely, and the money can be withdrawn at any time, even after 3, even after 4, even after 6 months. These Savings Accounts, by the way, have very attractive interest rates. So when choosing a short-term deposit, compare the conditions and rates of not only deposits, but also Savings Accounts.
This is exactly what the analysts of the Business Information Agency website did in this review.
The most profitable deposits for 3 months at high interest rates in 2019
This page contains the most profitable short-term deposits for a period of 3 months, as well as Savings Accounts, which are offered by leading banks in Moscow, St. Petersburg and other cities of Russia. The review is built in the form of a rating from a maximum percentage to a lower one. Everyone can compare conditions and rates to select the best product.
Deposits for 3 months at maximum interest in top-10 banks
Deposit "Piggy bank"
Replenishment / Without partial withdrawal / Without capitalization /% monthly.
Savings account deposit
Replenishment / Partial withdrawal / Without capitalization /% at the end of the term.
Deposit "Reliable"
Deposit / Partial withdrawal / Capitalization monthly.
Contribution "Emphasis on interest"
No replenishment / No partial withdrawal /% at the end of the term.
"Active" deposit
Replenishment / Without partial withdrawal / Capitalization /% monthly.
Deposit calculator
Top 10 deposits for 3 months at the maximum interest rate in Russian banks
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Bid |
Sum |
Bank / Deposit |
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BBR Bank / "Accumulative-vip" |
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Mosoblbank / "The power of the rate" |
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Eurofinance Mosnarbank / "Classic" |
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Timer Bank / "Your accumulative" |
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Vostochny Bank / "VIP Urgent" |
||
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Rosbank / "#MozhSCHET" |
||
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SDM-Bank / "Income" |
||
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UBRIR / "Accumulative" |
||
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Bank DOM.RF / "Good start" |
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VTB / "Piggy bank" |
Conclusions: why is it profitable to open deposits for 3 months today?
Short-term deposits are now becoming more and more in demand by the population in Russia. This is partly due to the fact that people do not always have a need to place their savings in the bank for a year or longer. Some, for example, starting from winter, save money for summer vacations. Others deliberately choose short-term savings programs, trying to form the so-called "ladder of deposits".
In addition, a number of experts note that during a period of market instability, short-term deposits for 3 months may be the best option for investing savings. Indeed, in this way you can minimize inflationary risks and get good income.
Are bank deposits insured?
Yes. The insurance covers the monetary funds of individuals in the bank in deposits and on accounts, including foreign currency. The maximum amount of compensation for deposits today is 1,400,000 rubles.
If the deposit is placed in US dollars or Euros, the amount of compensation is calculated and paid by the DIA in rubles at the rate set by the Bank of Russia on the day of the insured event.
You can check whether an institution is included in the deposit insurance system on the websites of the Bank of Russia (www.cbr.ru) and DIA (www.asv.org.ru), as well as on the DIA free hotline 8-800-200-08-05 ...
Note that the above conditions and interest rates of deposits for individuals are not a public offer, and cannot serve as an indication for choosing a specific deposit. This list is not a basis for unambiguous conclusions about the reliability and (or) financial stability of these banks. The editors of the site do not bear any responsibility for the consequences of any interpretations of this review and decisions taken on its basis.
It is formed on the basis of the total amount of incoming funds. If you are looking for a high performing financial institution, the ranking will help you choose the right one. Based on the information provided, you will be able to find the best offers in terms of profitability and interest rates.
Features of the formation of the rating of Russian banks by deposits
Russia on deposits is formed according to the data of the Central Bank of the Russian Federation. The analysis also takes place according to other indicators:
- Positions in the rating compiled by independent agencies.
- The opinion of customers who have already performed transactions in this bank.
- Positions in the rating compiled by ordinary people.
For the Central Bank of Russia, the main indicator is the size of the institution's equity capital. The more funds, the less likely it will be declared insolvent.
Rating of banks in Russia by retail deposits in 2019
In 2019, the top best banks in Russia in terms of deposits did not change much. The higher the place in the list, the more confidence in this financial institution. Typically, the Central Bank of the Russian Federation publishes an official list that inspires the most confidence among people by:
- interest rates,
- creditworthiness.
The top of the best banks can vary depending on different indicators. Therefore, we regularly update information, offering customers only advantageous offers.
The rating of banks by today is formed on the basis of reports provided by financial institutions. All companies included in the list are presented in our consolidated rating. Additionally, reliability can be assessed not only by bank deposits, but also by other indicators.
If we consider ranking by interest rates, the list may be different. When choosing, pay attention to the rating for the full value of deposits. It includes copayments, bonuses and other gifts for depositors.
Deposits in Moscow at high interest rates in 2018: compare the rates and conditions of the most favorable bank deposits today for individuals, including retirees.
Deposits at high interest rates in Moscow banks - 2018
Individual deposits are by far the most popular and demanded way of investing money. By giving our savings to banks, we hope not only to save, but also to increase our funds. That is why we try to choose such deposits, where the interest rates are the highest and the conditions are the most convenient.
Today banks in Moscow offer a large number of different types of deposits for individuals. But all of them can be roughly divided into several large groups:
Time deposits at the maximum interest rate. By opening such a deposit, you give the bank money for a certain period (3-6 months, 1 year or 3 years), and at this time you cannot withdraw money without losing the accrued interest, or replenish the account. As a rule, such deposits have the highest rates.
Refillable deposits. By opening such a deposit, the depositor can save money by replenishing the account, and at the same time the interest grows. However, it is impossible to withdraw at least a little money from the account and not lose income.
Expenditure deposits with partial withdrawal of funds without loss of interest. These deposits have the lowest interest rates. But they make it possible to withdraw part of the funds up to a previously agreed upon minimum balance, on the amount of which interest will be charged in this case.
The most profitable deposits in Moscow in rubles in 2018
In this comparative table, we have collected ruble deposits of individuals with the maximum interest rates offered by Moscow banks today.
Bank International Financial Club Deposit "Confident Choice"
Natsinvestprombank Deposit "Choice of Success"
- See what interest rates on deposits offers today
Bank ZENIT Deposit "Dessert (online)"
Bank Cranberry Deposit "My profitable"
Bank Standard-Credit Deposit "Urgent-Lux"
Inkarobank Deposit "Opening Time"
- See the conditions on which you can open a deposit in the bank today
Ziraat Bank Moscow "Urgent" deposit
Bank New Age Deposit "VIP Replenish"
Inkarobank Deposit "High interest"
Deposits in Moscow at maximum interest in dollars
In this comparative table, we have collected dollar deposits of individuals with the maximum interest rates offered by Moscow banks today.
Bank "Saint Petersburg" Deposit "Strategist online"
SMP Bank Deposit "Strategy"
B&N Bank "Investment in the future (Savings insurance)"
Alfa-Bank Deposit "Pobeda + (package Maximum +)"
Inbank Deposit "Maximum"
Bank Tavrichesky Deposit "Tavrichesky Maximum (online)"
Orient Express Bank Deposit "Vostochny (tariff zone 1)"
Promtransbank "Urgent Currency" Deposit
Mosoblbank Deposit "Personal"
Which bank in Moscow is better to open a deposit in?
Choosing a bank in Moscow for making a deposit, today you should first of all assess the size of the interest rate and the quality of customer service. If earlier experts recommended choosing the largest banks as the most reliable, then the current situation in the financial sector shows that practically no one is insured against a fall. Of course, apart from systemically important banks, which the Central Bank will most likely save in any case.
Fortunately, the Deposit Insurance Agency (DIA) has been operating in Russia for a long time, so there is an opportunity to get your money back even if the bank bursts.
How to open a bank deposit correctly
In pursuit of a high percentage, now you can secure your savings by choosing not even the most reliable bank for a deposit. Today, it is more important to properly distribute savings so that the total amount of deposits of individuals in one bank does not exceed the amount that the DIA will return to you in the event of a license revocation. It is better to split a large amount into parts and spread it out among several banks in Moscow at the most favorable interest rates.
You should also not open large deposits in one bank for yourself and close relatives. In the event of an insured event, you may be accused of allegedly wanting to deceive the DIA in this way.
It is also important to make sure that your deposit is really opened and accounted for in the bank's accounting department, and not taken off the balance sheet (there have already been such cases), otherwise it will be difficult to prove the presence of a deposit.
Best interest rates on deposits in Moscow
Choosing deposits in Moscow banks with the highest interest rates, we immediately cut off replenished deposits and those that involve partial withdrawal of money. Stops on deposits of individuals placed for a certain period: a month, three months, six months, a year, etc. If it seems to you that the maximum interest on a deposit in rubles can be obtained if you make a deposit for a long period, for example, 3 years or even 5 years, then you are mistaken. Today, the most profitable are term bank deposits for six months or a year. You can make a deposit for this period in order to get the highest rate, and then withdraw the money and put it again, possibly in another bank in Moscow, which at that time will offer a more favorable interest rate.
Investment deposits in Moscow with maximum interest
Fighting for clients' money, banks have recently been increasingly offering so-called investment deposits. According to their terms, the client, simultaneously with the registration of a bank deposit, acquires, for example, securities or transfers a certain amount to a mutual investment fund. The interest rate on such deposits is usually higher than on others. But before you are tempted by a large income, clarify whether the money invested in mutual funds or securities will be returned to you if the bank loses its license. And then think about whether you are ready to risk your savings or it is better to choose a less profitable way of investing money, but more reliable.
Profitable deposits in Moscow banks with increased interest rates
When choosing the most profitable deposit, check the possibility of opening a deposit online. Often, when opening via the Internet, the bank charges a premium to the interest rate.
In addition, deposits in Moscow banks for premium clients have a higher percentage. Getting a package of services with privileges can be beneficial for you. At the same time, in order to become a premium client of the bank, it is not necessary to have millions on your account, sometimes it is enough to purchase a platinum card, which may be really convenient for you.
In a word, if you want to invest a large amount, then compare which will be more profitable for you: several deposits in not very stable banks at a high interest rate or a premium deposit in the amount of 1.5 million rubles or more in a reliable bank with state participation.
Find out more about the conditions and interest rates of the currently best deposits of individuals in Moscow on the official websites or in the branches of banks. The information is not a public offer.