Reliable and trustworthy - these are the characteristics that come to the fore when choosing a bank to open a deposit. At the same time, such parameters as the size of interest rates, convenience of location, development of innovative technologies are of less importance.
All those who are going to invest their savings in the bank are advised to follow the rule: “Trust but verify”. A number of criteria can be distinguished according to which a bank can be classified as trustworthy and calmly open a deposit there.
Participation in the deposit insurance system
It is important that the bank is a member of the deposit insurance system. This will guarantee the return of funds within 700 thousand rubles. (including interest). By the way, the insured amount is expected to increase to 1 million rubles in the near future. To check the selected bank, you need to go to the website of the Deposit Insurance Agency in the section "Lists of banks". Today, the list of CER participants includes 869 banks. 136 banks have been excluded from the system, another 10 have a ban on accepting new deposits.
The value of interest rates on deposits
High interest rates on deposits are a reason to be wary. Think about why the bank is willing to pay significantly more than its competitors. Probably, he is extremely interested in money and has difficulties in attracting it, therefore he is ready to pay doubly for the attracted resources. Another reason for the increased rates may lie in the commission of high-risk transactions, in particular, the issuance of unsecured loans. Such a lending policy can also lead to the collapse of the bank.
Share capital and asset structure
The most important indicators that you should pay attention to when choosing a bank are the authorized capital and assets. The authorized capital acts as a lifeline in case of financial problems. The larger it is, the more reliable the bank is. A significant decrease in the authorized capital in recent years indicates the existing problems.
When compiling ratings of banks, assets and their dynamics are always taken into account. After all, the ability of the bank to fulfill its obligations to depositors largely depends on them. The bank's assets must be not only sufficient, but also liquid. The latter include money on hand and in bank accounts, as well as government bonds.
It is believed that the largest banks in terms of assets can always receive support from the state in difficult times. After all, their collapse could lead to the destabilization of the entire banking sector. Therefore, the largest banks, obviously, enjoy a lot of confidence on the part of depositors.
Estimates by international rating agencies and the bank's reputation
When assigning ratings to Russian banks, rating agencies carry out a comprehensive analysis of risks and factors affecting their development. The most influential agencies are Standard & Poor's, Moody's and Fitch. They assign banks letter reliability ratings (from AAA to SD) and predict its state in the future.
It is worth considering the reviews about the bank on specialized forums and portals. Especially should be alarming information about the emerging difficulties in the issuance of deposits. But keep in mind that all reviews cannot be trusted. They may well be written by competitors.
