In order to provide their own savings with reliable protection against both intruders and inflation, many citizens use the simplest investment tool today - a contribution. The main requirement that future depositors make to the selected bank is significant profitability. Which banks offer the highest deposit rates and on what terms do they agree to keep money? We’ll conduct a small investigation.
Features
A fixed-term deposit is an investment instrument that involves the transfer by the depositor of his own savings to the bank on the conditions specified in the bank deposit agreement. The document indicates the initial amount of savings, conditions and terms of their storage.
As a rule, in financial institutions such an instrument is represented by a wide range. Highest deposit rates require minimal management functions. Under this concept, applied to deposit savings, is understood the possibility of replenishment, partial or full withdrawal of funds.
Most financial institutions offer to keep savings in rubles and in foreign currency. As a rule, deposits in rubles offer greater returns. The lowest interest rate compared to other currencies is set for deposits issued in euros.
Where are the highest deposit rates?
Choosing a bank that will be responsible for the safety of your money, experts advise focusing on the leaders of the domestic banking industry. This implies lower risks of loss of savings and the possibility of access to deposits in any region, if necessary.
What deposits are offered by the largest banks in Russia today:
| Name of the bank | rate | minimum amount for opening a deposit, rubles | term | opportunities |
| Sberbank | 6,4% | 1000 | 3 years | capitalization selection, auto-rollover |
| Gazprombank | 10% | 25000 | 100-200 days | the client receives income on deposit at the end of the term |
| Russian Agricultural Bank | 10,4% | 3000 | 1460 days | capitalization option, auto-rollover |
| VTB 24 | 9% | 30000 | 18 months | the possibility of capitalization, auto-rollover, replenishment |
| Bank of Moscow | 7,87% | 1000 | 366-547 days | the possibility of early demand on preferential terms, auto-prolongation, bonus premium to the interest rate |
| Binbank | 12% | 50000 | 181 days | Payment of interest to the depositor only at the end of the term |
| AK Bars | 10,5% | 30000 | 186 days | Payments monthly to the “Demand” account |
We draw the attention of potential investors, as well as other interested parties: these characteristics of deposits are valid in the head offices of the above organizations. The conditions under which banks offer interest-bearing deposits may vary slightly in specific regions and branches. Clarify the current conditions is necessary in the nearest division of the financial institution.
How to open a deposit?
In order to make an investment in a bank, it is not at all necessary to personally come to the department. Financial institutions monitor the development of technology, and almost every one of them can offer the client to arrange the service using a mobile phone or laptop. To do this, there are remote banking services:
- Mobile client bank. This is a special application that is installed on a mobile phone. Financial institutions offer only official applications that are equipped with security services and guarantee strict confidentiality of personal information. Applications work both on the Android platform, and on iOs.
- Internet bank.This client is available on the Internet, access is carried out more often from the official website of the bank. You can get to the personal account of the Internet bank from a stationary computer or laptop. The security service usually provides the program with all kinds of security tools and codes so that no one else, except the contributor, can use the services of his personal account.
The highest deposit rates at banks are offered to those who opened deposit account with the help of RB tools. Therefore, it is useful to familiarize yourself with these newfangled technologies and actively use them every day.
Unfortunately, those who have never previously been a client of a selected bank or have not issued a banking service, still have to visit the office. But this is not a problem - the one who came to make an investment will receive not only the highest deposit rates, but also the service out of turn.
Documents for registration
In order to arrange an investment service, the future client of the bank must have the following documents with him:
- ID document. For citizens of the Russian Federation this is a passport. It is noteworthy that, unlike loans, when making a deposit, an employee can dispense with any other identification document - a passport, a certificate of a military officer or officer, a sailor's passport, military ID, and so on.
- Comprehensive banking service agreement. This document is drafted in place upon first contact. Service may include opening a debit account, issuing a card, connecting RBS services and other services.
Also, financial institutions of the Russian Federation are ready to provide investment services to foreign citizens. For this, a citizen of foreign origin will need his passport with a translation into Russian, a migration card and a visa.
When making a deposit, the client is given a bank deposit agreement. It contains all the conditions on which the depositor transfers his savings to a financial institution. Do not lose sight of the contract and save your own time - it is better to read each item carefully. The employee will definitely answer questions regarding the procedure for calculating interest, the availability of capitalization, the conditions for claiming the deposit.
Bank Terms
Having drawn up a banking service agreement and transferred the money for storage to a financial institution, the depositor loses the right to manage his savings at his discretion. This is the price of the issue - high interest rates on deposits suggest a lack of control.
In most cases, the client will not be able to replenish the deposit, withdraw its entire amount or part of the funds without loss of interest. Also, some financial institutions offer the client maximum profitability in exchange for drawing up insurance contracts or buying shares in an investment fund (Gazprombank). You should carefully read the conditions that provide the deposit with the highest interest in the bank.
Insurance
The depositor does not need to worry about the safety of his savings if, when drawing up a deposit agreement, he saw the DIA logo. The Deposit Insurance Agency guarantees insurance of any deposit or bank account in the amount of up to 1,400 thousand rubles.
Insurance covers deposits in rubles and in foreign currency. When an insured event occurs, the DIA returns not only the initial amount of savings, but also the accumulated interest. An insured event is understood as the loss by a bank of a banking license or bankruptcy.
Pros and cons of term deposits with maximum profitability
The undoubted advantages of registering funds as a contribution with maximum profitability include the following:
- Funds are safe, not protected from inflation and from unforeseen circumstances.
- Savings bring a certain income.
Minuses:
- High interest rates on deposits mean minimal ability to manage and dispose of funds.
- If circumstances force the depositor to withdraw the entire amount or part of the deposit, he will lose the accrued interest.
Finally
The highest deposit rates suggest some inconvenience, but guarantee maximum efficiency. In addition, having formalized his savings on deposit, a bank client can be calm for the safety of his savings.
