Deposits for legal entities: rates

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

Banks offer financial services not only to individuals, but also to legal entities. They have the opportunity to open deposits. Moreover, each financial institution offers its own conditions. Deposits for legal entities are processed in many banks of the country. Read more about the service in the article.

Differences from the account for individuals

Deposits have the following differences:

1. To open you need a passport and documentation for the organization.
2. The minimum is much higher.
3. Better rates for legal entities.
4. You can choose the term for placing money yourself.
5. You need to notify the tax service, the Pension Fund and the Social Insurance Fund about opening a savings account.
6. For legal entities, some banks have special offers.

Conditions

To make a deposit between business representatives and banking organizations, the following agreements may be concluded:

1. Term deposits.
2. On demand.

The applicant needs toprovide documentation that includes many references. Before concluding a deal, you should familiarize yourself with all the offers. Moreover, it is necessary to consider not only the services of a bank that performs commercial activities.

Main nuances

If an entrepreneur or company has free funds, they should be kept not on a regular current account, but on a deposit. Usually the transaction is executed with the bank that performs the main service. This is due to several reasons:

1. You can get additional income, but with a current account there is no such advantage.
2. No paperwork required, just an application.
3. Save on account transfer fees as it is done within the same bank.
4. Getting favorable conditions, as there are special offers for regular customers.

But you can contact another bank to open a deposit if its program is the most suitable. Only then will it be necessary to go through the classic deposit procedure.

Terms of holding funds

All businesses have one or more settlement, current or budget accounts. An agreement is concluded with the bank when they are issued. A financial institution may charge you for some services:

1. Acceptance and crediting of funds from outside.
2. Execution of the order of the owner of the account for transactions.
3. Disbursement of funds in the requested amount.

But it should be borne in mind that noThe company does not receive income from the funds held. Therefore, if you have free funds, you need to open a special deposit.

Design

Deposits for legal entities are as follows:

1. Open. Programs are issued for specific rates and can be either unlimited or valid for some time.
2. Cells. This type of deposits allows you to transfer money, securities, precious metals for storage.
3. Closed. With this type of service, money is transferred for storage to a banking institution. During the agreed period, they will be in sealed and sealed containers.

To arrange deposits for legal entities, you need to collect documentation and have large funds. The parties draw up an agreement, after which the bank receives assets for temporary disposal. Many choose deposits for legal entities in Sberbank.

Where to go?

Deposits for legal entities are issued by many banks. They are open for short and long periods. The programs have high rates and flexible conditions. Popular offers include:

1. Milbank. Term deposit is issued for 365 days at 16%. The minimum contribution amount is 500 thousand rubles.
2. Sberbank. You can invest up to 100 thousand rubles and more. The deposit rate for legal entities in Sberbank is set depending on the term and amount. The contract can be issued for a period of 31 days to 366 days.
3. "Active Capital". Minimuminvestments is 50 million rubles, the rate is 16%. The program is valid for 6 months.
4. "Rinvestbank". The minimum deposit is 2,922,015 rubles at 15%. The program is valid for 30 months.
5. "RITZ bank". The minimum is 3 million rubles at 15.5%. A deposit is opened for six months.
6. "Alfa Bank". The rate on deposits for legal entities in Alfa-Bank is from 8.2%. The program opens from 1 month.
7. VTB 24. You can invest from 100 thousand rubles. The rate on deposits for legal entities in VTB 24 may be different. For example, for a term deposit, it is 7.4%, it is issued up to 3 years.

Bets

Compared to deposits for individuals, for legal entities the rates on deposits may be different. Their size fluctuates in a wide range, since they depend on the agreements between the parties. Deposit rates for legal entities in Sberbank depend on the amount and term of the agreement. The most profitable are the offers, in which there is the possibility of replenishment.

Requirements

Russian banks offer business representatives the opening of deposits, as they are profitable depositors. There are no strict requirements for them, especially if before that they were regular customers. In this situation, it is necessary to present a minimum of documents. At the same time, favorable conditions are provided in almost every bank.

Documents

Deposits for legal entities in banks are processed only withproviding documents. If the depositor is new, then you will need:

1. Statutory documentation (certified copies).
2. Registration papers (copies certified).
3. Registration documents (copies and originals).
4. Letter from the State Statistics Committee.
5. IP documents.
6. Power of attorney.
7. Cards certifying the signatures of persons with access to the deposit.

Early withdrawal

Today, Russian banks offer depositors to withdraw funds ahead of schedule. Just keep in mind that a lot of passive income will be lost. The reason for this is that the financial institution calculates interest for the stay of funds on deposit. Whatever the deposit rates for legal entities, profits are still lost with early withdrawal.

Closing deposit

To close the deposit, you need to contact the bank where the agreement was signed. You need to take your passport and deposit documents with you. If a plastic card was provided with the execution of the contract, then it should be returned.

The manager of the financial institution is checking the documentation. The client needs to fill out an application. Based on this document, the deposit is closed and services are turned off. The money is returned to the depositor.

Advantages and disadvantages

Deposit programs that are created for business have many advantages. In addition to receiving passive income, customers are provided withthe following benefits:

1. Deposits are opened for a short and long time, but there are perpetual programs.
2. If a deposit is provided at a bank that provides services to a legal entity, then the documentation package is reduced by several times.
3. Term deposits have high interest rates.
4. Individuals and commercial firms have the right to early termination of the agreement.
5. Customers do not need to take out insurance.
6. If legal entities and individual entrepreneurs provide a certificate of deposit in a financial institution, then they do not need to notify the regulatory authorities about opening a deposit.

Available operations

With a deposit account, you cannot transfer funds to other persons. It can be used as an additional settlement. Funds will be held for future trades. The bank does not interfere with the expenditure of money, if this does not violate the terms of the agreement.

You need to open a deposit using funds that are not in circulation. To make a deposit, a company must have statutory and other documents confirming the work of a legal entity. After presenting the documents, it is necessary to sign an agreement and open a deposit. If the client is a regular at the bank, then a new, separate account is still issued.

There can be several deposit accounts, which is very convenient. If funds are needed, some part can be removed. Then the interest is not completely lost, but only partially.

Probable difficulties

During the conduct of deposit operations, the following violations may occur:

1. Lack of internaldocumentation that establishes the rules for conducting operations.
2. In the deposit agreement there is no information about the entered amount, rate, term, or there are conditions that are contrary to the law.
3. Money for deposits is attracted even when operations are restricted or prohibited.
4. The accounting terms do not correspond to the terms indicated in the contract.
5. After the expiration of the contract, the balance is not transferred to the account on demand.
6. There is no deposit agreement with a personal account.
7. Interest is calculated incorrectly or out of time.
8. Funds deposited or withdrawn as cash.

Thus, many legal entities may require a deposit. This will allow not only to save funds, but also to receive passive income from them.