Investing money in a bank is the most affordable way of investing. To obtain maximum profitability and ensure the safety of your own savings, you must comprehensively approach the choice of a suitable deposit.
A competent choice of a bank deposit should be based on two components: the choice of a bank for a deposit and the selection of an optimal investment program.
How to choose a bank
The choice of a banking institution should be approached as responsibly as possible, because the safety of funds depends on it. Please note that the bank is a member of the DIA system. This guarantees you a return of 700 thousand rubles. in case of revocation of the license from the bank. If the deposit amount is higher, then you can split it into several parts and invest in different banks.
Look at the bank statements, they should be publicly available. An important indicator is the size of the authorized capital, on which its stability largely depends. Also evaluate the dynamics of the bank's financial indicators. The positive dynamics of assets and the volume of funds raised from individuals once again testifies to its reliability. You can also use popular and professional bank ratings. Pay attention to the presence of negative news about the banks (for example, the emergence of difficulties in conducting banking operations) and downgrading of its rating.
It is not worth focusing only on the size of interest rates on deposits. On the contrary, too high interest rates often indicate a difficult financial position of the bank. In order to understand the standard value of interest rates, go to the website of the Central Bank of the Russian Federation. Here, the maximum values of interest rates of the leading banks in terms of deposits are published on a monthly basis. A deviation of 1.5 p.p. is considered normal.
All other things being equal, evaluate the bank according to additional criteria - convenience of location, an extensive network of ATMs, staff qualifications.
How to choose a bank deposit
The choice of a bank deposit should be based on a number of criteria. In most cases, depositors rely on the value of interest rates. It depends on a number of factors - the term for opening a deposit, currency, available operations for managing accounts by and the amount of investments. So, higher rates are typical for term deposits, which involve investing money for a certain period (from 3 months). But on demand deposits, nominal rates are provided.
Also, higher interest rates are provided for savings deposits, which do not allow the deposit and withdrawal of money during the period of the deposit. They are smaller for savings deposits, which can be used to deposit money into the account. Finally, the lowest interest rates are set for deposits, which offer maximum freedom in managing money.
Pay attention to the restrictions that are set on the minimum / maximum amount for replenishment and the balance of funds on the deposit. And also on the stipulated commissions (for issuing money, transfers, etc.)
As for the deposit currency, it is worth considering that the interest rate on ruble deposits is an order of magnitude higher than on deposits in dollars or euros (by 3-5 percentage points). But experts recommend keeping a small part of the money in foreign currency, which will protect yourself from the fall of the national currency.
When choosing a deposit, pay attention not only to the value of the interest rate, but also to how the interest is calculated. There are several options: at the end of the deposit term, with a certain frequency (for example, once a quarter) or with interest capitalization. The latter option is usually the most beneficial. It involves the addition of interest to the amount of the deposit and their accrual already for a large amount.
Check if there is a prolongation on the deposit, i.e.automatic renewal of the deposit after its expiration, as well as what are the conditions for closing the deposit.
Finally, find information about the conditions for early termination and the specifics of calculating interest in this case.
