Short-term contribution to high interest. Where are the most favorable conditions?

Bank deposits are a way to save your money from the detrimental impact of inflation, as well as from thieves, who can get under the pillow and steal a deferred stash.

And almost everyone wants to place their contributions at high interest rates, but how to do it?

For various benefits, the bank is ready to pay customers differently

It's no secret that the basic principle of the bank's functioning is to earn more money than to spend. There are two main ways of banking earnings:

• Settlement and cash services (hereinafter referred to as "RKO");

• Crediting.

If the bank does not in principle need additional financial resources for the RKO, then in order to lend it, it needs to have the funds that are given to the clients.

The main source of attracting money to business is deposits. And even despite the different interest rates, they are all similar to each other, but, of course, they have small differences.

Interest rate on deposit - a way to attract customers

In order to attract the maximum amount of money in the shortest possible time, banks offer customers to place deposits at high interest rates. And it is natural that most of the people will choose exactly those financial institutions that set the highest rates.

After all, if around the corner the bank offers more favorable terms, then why not go there to make a deposit?

Financial advisers can, of course, begin to talk about the fact that you do not need to look at the interest rate, but you need to study the bank's rating, its connections, reliability and financial stability, especially if it's about currency deposits at a high interest rate.

This has its share of truth and a certain part of the lie. In fact, these words they try to play at your desire not to stay with your nose and not lose your money.

This, by the way, is a fairly effective way that allows some banks to have a broad client base, without offering any of them to place deposits at high interest rates.

The highest deposit rate

To be honest, since 2009, most people have learned not to trust their money to banks, which then "burst" like bubbles. But little by little the confidence in banks is recovering, although the current currency jumps cause us to worry. But, of course, you can not find former foreign currency deposits at a high interest.

If you analyze the market of banking services, you can see certain trends that are firmly entrenched in the Russian Federation. Let's look at them.

Of course, the bank is different from the bank, and everyone is conducting their personal policy on deposit programs, offering a deposit at high interest rates. Despite possible significant differences in interest rates on deposits, the difference between credit and deposit conditions is basically the same.

That is, the difference between the average rate on deposits and loans in most financial institutions of the Russian Federation is at the same level.

What kind of contributions are better to choose in order to get the maximum benefit?

Unfortunately, the current deposit conditions, even bank deposits at a high interest, do not allow you to earn real money on your money. Especially clearly understood by customers of banks who preferred to open deposits in rubles in the hope of a higher rate than for foreign currency.

Due to the fact that the ruble fell sharply against the dollar, the actual capital of depositors almost depreciated twice. Meanwhile, at the end of the term, bank deposits under a high interest will yield no more than 13% of income. This is even if you do not take inflation into account. And those who could feel the risk and place the contribution in dollars, on the contrary, won.

Comparing the interest rates on deposits offered by banks in Russia with the level of European countries, one can see that banks abroad are willing to pay much less for monetary resources. Accordingly, the size of the credit premium is also much lower than under the conditions that the Russian financial services market offers.

Criteria, which are worth paying attention to when choosing the type of deposit account

In order to determine how best to place money in a bank, it is worth considering the following points:

• Interest rate level;

• Term of deposit;

• Terms of cancellation of the contract, obligations of the parties;

• Reputation of a financial institution;

• Loyalty program.

We will understand them in detail.

The terms of the deposit should not be misleading

In search of the highest interest rate, it is easy to become a victim of fraud. If the deposit interest rate is clearly different from the average market conditions, this should immediately alarm.

For example, this may mean that the bank is critically short of cash. Such a position can lead a bank institution to fast bankruptcy. After raising interest rates on deposits, you automatically need to increase commissions and interest on loans. And this is already threatening by the fact that customers may turn away from the bank.

Look for high-interest deposits for 6 months? Please see the following information

Often the highest rates are observed in deposits, which are placed for 9-12 months in national currency. In addition, an important factor is the conditions for withdrawing interest and the body of the deposit.

If you tell the bank information that you will not withdraw early, you can count on offers with more favorable terms. Although there are various programs for the rapid attraction of the money supply, if the bank lacks working capital.

In such cases, financial institutions offer short-term deposits at a high interest rate with a maturity of 1 to 3 months. But they are the hardest to earn on them. It just looks like that you are offered as much as 15%, but this is not for the period of the contract (the period for which the money is placed), but for the whole year. So, considering the short-term deposits at a high interest, the proposed level of interest is divided by the term of the deposit agreement.

Also it is worth noting one regularity: the larger the banking institution, the lower the deposit rate it can afford. Yes, on the street you can see how some unknown bank offers 15, 17, or even 20% per annum.

Should I believe that your money will return to you? It is very likely that this small financial agent will burst in 3-4 months, and your money will be in someone's pocket, but not with you. Even if you want to place deposits for a month at a high interest, no one will give you a guarantee that any such financial organization will return you money.

At what level are deposit offers today?

Bets can change daily, because they directly depend on the policy of the bank and the operating situation in the financial services market.

If you go today to banks, then on average you will be offered:

• Term deposits in rubles - from 6.0% to 10.0%;

• For the same deposits, but in US dollars - not more than 3%;

• Deposits with an unlimited term of validity - no more than 2%, if placed in rubles and even lower - in foreign currency.

You can compare these figures with the average inflation rate in Russia, which since early 2015 was (according to the official version) slightly more than 10.5 percent. And if you take into account the fact that the ruble rate fell by half, everything looks even worse.

Thus, you can not earn real money on any kind of deposit.

Read that you sign

There is a sad fact that of all clients, the contract is read no more than 10%. A distinctive category are lawyers who carefully read each word, trying to find some kind of dirty trick.

Often in contracts for deposits in rubles at a high interest, as well as in any other, opaque conditions can be prescribed that are with pitfalls. For example, you are interested in a high interest rate, which is several points higher than in other banks.

In a contract, such a bank can have a payment for a commission when placing or withdrawing a deposit. Either penalties for early withdrawal or something similar can be indicated.