When placing funds on a bank deposit, there are several possible options, in accordance with which the bank will make payments of the accumulated interest in the future.
Instructions
Step 1
Interest on a bank deposit is calculated and paid in the amount specified in the agreement. If the amount of the interest rate is not clearly defined in the agreement, then the bank (in accordance with the Civil Code of the Russian Federation) is obliged to pay interest equal to the refinancing rate on the date of payment. It should be borne in mind that the interest rate on the deposit is annual. That is, so much interest will be added to the initial amount of the deposit after a year.
For example, the deposit amount is 50,000 rubles, the interest rate is 10% per annum. That is, in a year the amount will increase by 10%, totaling 55,000. Therefore, in half a year the amount will increase by 5%, in total - 52,500 rubles.
Step 2
Interest on the deposit begins to accrue from the next day after the day the funds were deposited. The expiration date of the deposit is also included in the number of days when calculating the amount of interest.
For example, if a bank deposit was made on March 1, and paid on April 21, then the bank will accrue interest from March 2 to April 21 inclusive, that is, for 51 days.
Step 3
In the bank deposit agreement, various conditions for the payment of interest are possible. It is necessary to familiarize yourself with this information before signing the contract so that there will be no misunderstandings in the future.
1. Interest is paid for the entire term at the end of the deposit term (see example above). That is, the depositor receives interest on such an agreement upon expiration, together with the principal amount of the deposit. As a rule, the interest on such deposits is the highest, since the interest is calculated every day and kept in the bank. And until the end of the deposit, they are used by the bank, not the depositor.
Step 4
2. Interest is paid at a certain frequency, previously stipulated in the contract. That is, it can be monthly payments (with a period of 30 or 31 days: the specification should be in the text of the agreement), quarterly (90-93 days), or annual (365-366 days). Thus, according to the agreed accrual period, the interest is transferred to a separate account of the client (mainly to the “on demand” account), from where it can be withdrawn or disposed of in any other way at your discretion.
For example, a client entered into a bank deposit agreement in the amount of 50,000 rubles on March 1 for a period of 3 months (90 days) and interest payments with a frequency of 30 days. The interest on the deposit is 8% per annum. That is, our contribution is divided into three periods: from March 02 to March 31 (30 days), from April 1 to April 30 (30 days), from May 1 to May 30 (30 days). In total, for each period, the client will receive interest on a separate account in the amount of (50,000 * 8 * 30) / (365 * 100) = 328, 77 rubles.
