What profitable deposits for pensioners can banks offer?

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

The task of preserving and increasing their savings has always been important for pensioners. Keeping and growing your savings is not as easy as it might seem.

But with a competent approach to the analysis of available proposals for the most famous and popular method of saving funds - bank deposits - you can, in any case, receive small incomes and a fairly high level of investment reliability, while not having any special knowledge. So, let's see what are the profitable deposits for pensioners, interest rates on pension deposits, and in general, where should you go to open a deposit?

How is the contribution made for pensioners?

But a little financial literacy is still required when determining the right bank. In order to make a deposit, some documents are required:

- passport or other document for personal identification;

- TIN and, if necessary, other documents required by the bank (before going to the bank giventhe list is best specified in advance);

- certificate of a pensioner - if it is planned to open a pension deposit.

In a situation where the pension will be transferred from another account, you should provide its details. The rest of the operation to open a deposit is very simple: the execution of the contract and the deposit of money takes no more than one hour. Profitable deposits for pensioners do not provide for special requirements. In addition, the reason for retiring does not matter. If you have a pension certificate on hand, then the bank has no right to refuse to open a deposit, even if the pension is not assigned for old age.

On what conditions are deposits made?

Since retired depositors are not a separate category of bank customers, it is therefore worth considering both simple bank deposits and special pension deposits.

When choosing the most advantageous offer for yourself, first of all, you should pay attention to several criteria:

1. The interest rate is a key parameter of any deposit. For the actual profitability of the deposit, it must be higher than the inflation rate (in 2014, inflation was 6.5%), and the higher this indicator is, the more profitable it will be to invest money. The most profitable deposits for pensioners do not always open at high interest rates. This should also be remembered when opening a deposit.

2. Minimum deposit amount. Pension deposits, as a rule, are issued from one thousand rubles (althoughthere are also deposits with a minimum threshold of one hundred rubles).

3. The possibility of depositing funds in the future, and how interest is calculated when the amount increases.

4. How exactly are interest calculated? They can be included in the total amount of the deposit and increase it.

5. Is it possible to partially withdraw funds without early closing of the deposit. The longer it expires, the more important this condition becomes.

6. In addition, it is also very important for pensioners that the deposit can be disposed of in the event of death without additional transactions. Fortunately, banks also provide such an option.

7. The possibility of extending the deposit (its prolongation). The interest rate will be determined depending on the conditions on this deposit at the time of its renewal.

In addition, attention should be paid to the bank itself. Considering the current state of the banking system in our country, even the largest institutions should be trusted with their savings with great caution: it is almost impossible to predict in advance which bank will fall into the field of view of regulators. Profitable deposits for pensioners can be found in almost any financial institution, you just have to look at what conditions are offered.

For this reason, if you need to open a deposit for an amount exceeding the maximum that can be reimbursed under the deposit insurance program (seven hundred thousand rubles), then it is best to contact several banks at once and divide the amounts or contactone of the state banks.

What is the difference between a pension deposit and a simple deposit?

Formally, such deposits differ only in that a pension certificate is required to apply for a pension. In addition, in most banks, profitable deposits for pensioners are only allowed to be opened by those clients who keep their pension in the fund of this financial institution. Also, the conditions of simple deposits and pension deposits may differ according to two criteria:

- Interest rate. Pension deposits, as a rule, are opened at a higher interest rate. But do not forget that the banking services market also has ordinary deposits, for which the rate is higher than for pensions.

- Softer conditions regarding early termination of the contract.

What are the main deposits that banks can offer to pensioners?

The two main types of pension deposits are demand deposits and term deposits. The former are very convenient to open for easy receipt and preservation of pension savings, while the latter allow you to save and increase them.

Not every bank can offer a special product for the elderly. Basically, only large organizations that actively develop work with pensioners have such products, offering them new products.

Other conditions for deposits for pensioners are practically no different from the conditions for simple deposits:

- Opening dates range from onemonths to five years.

- Any currency, in addition, some organizations may offer a multi-currency deposit.

- Interest rates range from 3 to 11 percent and are mostly paid on a monthly basis.

- If the contract is terminated early and all money is withdrawn from the pension deposit, the interest will be determined based on the refinancing rate according to the banking formula.

Where can I open the most profitable deposits for pensioners?

1. Sberbank, by tradition, is very willing to work with people of retirement age. Of course, they are not offered special deposits for this category of the population, but at the same time, depending on the term of the deposit, they are provided with the highest interest rate.

2. Gazprombank offers deposits on special terms for Gazfond clients. The amount to open is one hundred rubles, the interest rate is a maximum of six percent, and the term is from six months to one and a half years.

3. Rosselkhozbank has a special deposit "Pension Plus". The minimum amount for registration is 500 rubles, and the rate is up to 8.5%, the term is from one to two years. At the same time, it is possible to partially withdraw funds, keeping the rate until the minimum threshold of 500 rubles is reached. The deposit is extended automatically if it is not claimed.

4. Beneficial deposits for pensioners are also offered at Eurokommerz Bank. To date, he has one of the highest rates - 10.5% on the "Pension income" deposit and 10.25% on the deposit"Pension Capital". These deposits are opened for a period of one and a half to three years, the minimum amount for opening is two thousand rubles. Also, both deposits have the possibility of replenishment. Their only difference from each other is that the second one assumes capitalization of interest, that is, an increase in the amount of the deposit by adding interest to it.

5. In addition, Unicornbank boasts high rates - up to 10%, the minimum opening threshold is a thousand rubles, the deposit term is up to one year, and partial withdrawals are not provided.

In addition to those listed above, many other banks can offer pension deposits.

Conclusion

Retirement deposits are the most affordable way to save and slightly increase savings in the short or long term. Today, a variety of banks can offer profitable deposits for pensioners. Search and comparison of offers in this situation is the most appropriate. Although interest rates are not very high today, it is not difficult to find an offer in which the rate will be higher than inflation, even in the largest state-owned banks.