You can earn interest by investing in financial institutions, buying shares or lending them. Choose the most appropriate way from the options available and make the money work for you.
Instructions
Step 1
Place your funds in a bank deposit. When choosing an institution to which you will entrust your savings, you need to consider some factors. Surely you are trying to put money at the highest possible percentage. Be careful, as tempting financial terms may be offered by unreliable banks. Of course, your deposit will be insured by the state. But keep in mind that the sum insured does not exceed RUB 700,000. That is, if your bank goes bankrupt, the rest of the amount will simply burn out. In addition, you will not receive the promised interest on the deposit. Trust a reputable bank. Some of them offer good rates.
Step 2
Determine the optimal type of contribution. If you are planning to replenish your account, choose a deposit with the possibility of additional replenishment. Pay attention to the presence or absence of capitalization of interest. With this function, interest is added monthly to the amount of your deposit. Do not forget to select the required term of the deposit. If your goal is to accumulate and increase money, conclude a fixed-term agreement with the bank, in which you cannot withdraw funds without losing interest. So you will not be tempted to spend money on the satisfaction of your momentary desire.
Step 3
Consider investing in stocks. If you do not have time to understand the intricacies of the investment market, use the services of a specialized company. For example, you can invest in mutual funds. At the same time, the financial specialist of the company with which you enter into an agreement undertakes to profitably place your funds in accordance with the level of risk and profitability that you choose.
Step 4
Get interest by providing a loan. For example, you can lend money to your friend to expand their business. Among the points that you should pay attention to in this case, in the first place are the reliability of the person and the value of the percentage. It should be no less than 15-20% per annum. At a lower rate, there is no reason for you to risk that.
