Where to put money at interest in the bank?

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

The question of a profitable investment of money remains always relevant. The accumulation of personal savings helps to feel confident in the future. It remains only to choose how it is more profitable and safer to put money at interest in the bank, while not worrying about their safety.

Choosing a reliable partner

Any depositor is interested in the fact that the money stored on his deposit brings even a small but stable income. This question, of course, is controversial, because it all depends on the amount of the deposit. It is equally important to protect your hard-earned money from inflation. It is for these reasons that it is worth putting money at interest in the bank. Various financial institutions offer the richest line of deposit products. You should start your search only with well-known and reputable banks. It would be foolish to entrust a large amount of money to a newly-created institution that has not yet shown itself in the financial field, has not won the due trust of its customers.

You can check the decency and stable functioning of the bank by its reviewscontributors. For example, for a very long time it has been in the leading positions in terms of trust and the desire to deposit money at Sberbank interest, this is evidenced by the numerous positive feedback from customers.

Priority selection

Stability is good, but profit is something else. It does not always happen that these two priority concepts are combined in one deposit of a certain bank.

If the goal is to get a good income, then you can put money at interest in a bank that is in the top twenty of the stability rating. This is a completely justified risk, since the light has not converged on Sberbank, there are many other financial institutions that you can trust with your accumulated funds.

Deposits on the example of some banks

The data below may change constantly, but only by a fraction of hundredths of a percent. It is quite realistic to get a general idea of how best to put money at interest in a bank. For example, with a deposit of one hundred thousand rubles, you can have 4.75% per annum from Sberbank. If it is possible to set aside three million and not touch this money, then the bank is ready to charge as much as 6.75% per annum, and this is already a good amount. Raiffeisenbank and Alfa-Bank are ready to accrue up to ten percent per annum, which have been successfully carrying out their banking activities for many years and have an impeccable reputation.

The decision will be individual for each contributor. If there is an opportunity to put money at interest inbank, then you need to make your choice either in the direction of profitable profits, or reliable preservation of funds. There are many types of deposits - with and without replenishment, for a long and short term. Everything will depend on the purpose and the amount of the deposit. It is also important to follow the various offers and be interested in bank deposit products. So, some institutions are trying to raise interest before the holidays or attract their customers with other profitable offers.