Good bank with the best interest on deposits

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Everyone who plans to profitably invest their savings, it is important to know which bank is best suited for this. Currently, a huge number of financial institutions operate in Russia, which offer citizens various deposit programs. If potential depositors believe that a good bank is the one with the maximum interest on deposits, then experts recommend approaching the issue in a comprehensive manner. A high rate does not guarantee that the client will earn on his investment. It is worth paying attention to the reputation of the bank, as well as the terms of cooperation.

How to determine the profitability of a deposit

Modern marketers use big statements for promotions, in connection with which it is very common to see a video offering to invest money at very high interest rates. However, you should not rush and invest your money in the first bank that comes across, where an income of 16% per year on a deposit is promised. In reality, it may look different, for example:

• you need to invest several million for several years;
• 16% rate is valid for the first 3 months only;
• offer available to corporate customers only.

No less important is the urgency of the deposit. As a rule, the best rates apply to deposits with a longer term. Any good bank has views on the money of depositors, and it is beneficial for it to hold the savings of customers for a longer time in order to put them into circulation and earn on it. As a result, rates on short-term deposits are less attractive than on deposits for several years. Experts say that the best option for making a profit is to invest for 1 year.

Capitalization of deposits

Another nice bonus for everyone who has cash deposits in banks is quarterly or monthly capitalization (the process of adding accrued interest over the past period to the total amount of the deposit). Thanks to this option, the client receives even more income, because the interest is charged on the entire deposit amount, which is constantly increasing. This parameter of the future deposit is not critical, because when opening an account for 12 months, capitalization will increase the deposit amount quite a bit. However, when depositing about 2-3 million rubles into the account and the deposit term is 24 months, thanks to this option, you can get good dividends.

Deposit operations

Considering the offers of financial institutions and choosing which bank has good interest on deposits, you should pay attention to the possibility of making credit and debit transactions on the account. You need to choose a program based on your own goals. If the client wants to save money, then a program withthe possibility of replenishment, and if you need to have money for some personal expenses in the near future, it is better to open a deposit with the possibility of partial withdrawal of funds from the account. The terms of the deal should be carefully studied. As a rule, banks significantly reduce the rate for withdrawals.

Types of deposits

Financial experts believe that the functionality of the deposit is directly related to the interest rate. Today the most popular product is term deposits. They are conditionally divided into:

• settlement;
• cumulative;
• savings.

The largest percentage today can be obtained from savings programs. The fact is that such deposits cannot be replenished and any debit transactions can be made on them, and the term is always significant. It is these deposits that are beneficial to any financial institution, so the rates on them are the most attractive, and the client receives interest only when the account is closed.

Savings programs have wide functionality. On them, the client can receive interest on a monthly basis, there is a capitalization of the account and regular replenishment is provided. This option is especially beneficial for those who plan to save money. However, the interest on such a deposit will be lower. The current account will bring the least profit due to the lowest percentage. At the same time, the client has access to debit and credit transactions on the deposit.

Promotions and seasonal offers

As a rule, the most favorable rates for clients' depositsare offered on the eve of the holidays, at the opening of a subsidiary and other promotions. There are also seasonal offers, within which it is necessary to open a deposit before a certain day. Financial institutions need such promotions to attract the target audience. As a rule, any good bank offers the most favorable conditions for customers under special programs.

Deposits in foreign currency

In Russian banks, you can open a deposit not only in the national currency, but also in any other. Moreover, the offers are not limited to dollars or euros, you can even choose for your account the British pound or the yuan of the Republic of China. This type of investment has a low return. It is beneficial to open such a deposit for those who plan to spend their savings in the future without converting into rubles. Otherwise, you can lose a lot of money when exchanging currencies.

Bank strength

On the territory of Russia there are a huge number of financial organizations that provide citizens with the opportunity to open a deposit or use other products. When choosing which bank is better to take a loan or open a deposit, you should pay special attention to its reputation. As a rule, the loudest promises are made by those institutions whose position in the market is very precarious. Attracting contributors is one way to solve your own problems.

A good bank cannot promise a deposit with a rate of 15% per year, since there is a certain order of prices and the rate cannot vary more than within 0.5-2%. Before you entrust your money to a financial institution, you should check its reliability.

Best interest offers from banks

If the client chooses where to invest at the highest interest rate, then the following suggestions should be considered:

1. "Rentier". These are offers from Credit Europe Bank with a minimum account balance of 100,000 rubles. Rate 10.75% per annum.
2. "Sunny". Tempbank offers citizens to open a deposit from 50 thousand rubles at a rate of 10.7%.
3. "Central". This program is a proposal of "Centrkombank". The minimum amount on the account is 10 thousand, the profit is 11.5% per year.
4. "Stability" from "Vneshfinbank". Within the framework of the program, you can open a deposit from 5 thousand rubles with a fixed rate of 11% per annum.