Saving earned money is not easy, since there are few financial instruments that provide acceptable returns, as well as guaranteeing 100% reliability of returns. Therefore, most investors still prefer to trust their money to banks, opening all kinds of deposits. However, there are certain rules that allow you to accurately choose the currency of savings.
Almost everyone is interested in the question, in which currency is it more profitable to open deposits? There are different expert opinions on this, but experts agree on one thing: today, a bank deposit is practically the only instrument available to citizens for saving savings. So what currency should you prefer to open a deposit?
Option 1: only in rubles
This is the most common and safest way. It is recommended by those experts who believe that the Russian currency is quite stable today. The advantages of ruble savings, first of all, is a fairly high interest rate (depending on the term of the deposit, it can be at the level of 8-12%). In addition, for people who receive income in rubles, there is no need to pay a commission for converting the national currency into foreign. Today there are ruble deposits in every bank, the term of the existing deposits ranges from 1 month to 5 years.
Option 2: 50/50
According to some banking specialists, there is still a tendency for the ruble to weaken, and risks should always be diversified. That is why it is reasonable to divide your savings into 2 parts: put half of them on a ruble deposit, and keep the other on a foreign currency deposit. Which currency should I choose? Today this is not a matter of principle, since the rates on deposits in dollars and euros are approximately the same. It is not recommended to choose exotic currencies, as there may be problems with the conversion of funds.
Option 3: 3 baskets
The most cautious experts suggest using it. In their opinion, it is desirable to divide savings into 3 parts and at the same time open deposits in dollars, euros and rubles. So you can partially insure yourself against the loss of money due to a possible sharp depreciation of any of the currencies and get an acceptable income. This method of saving funds is suitable for those who receive part of the funds in foreign currency, and also plan certain foreign currency spending, for example, large purchases or holidays abroad.
It should be remembered that it is very difficult to correctly place funds in foreign currency, since the profitability of foreign currency deposits consists of 2 components: an increase in the foreign exchange rate and the amount of interest paid by the bank for using your funds.
Interest rates on foreign currency deposits are more modest: today you can count on 3-5% income. In addition, it is difficult to predict the growth prospects of currencies against the ruble. That is why the best option for saving money can be a multi-currency deposit, which can be opened in any currency and allows, if necessary, to quickly convert funds from one currency to another.
