increasing number of citizens give preference to bank deposits, gradually abandoning the storage of cash at home.The reasons for this are logical and lie on the surface: the increased financial literacy, advertising in the media about the benefits awaiting those with bank deposits, and so on.And understanding that keeping money in a glass jar is much less reliable because of the risks of fire, theft and other unpleasant circumstances, to the need of savings outside the home.
Another advantage of the bank deposit - the opportunity to participate in a variety of loyalty programs, including lending and preferential terms.
interest rates and risks
thought that if they give money to the bank to use, then certainly at the highest interest on deposits, visiting almost every, but in addition to this desire when choosing a deposit and place of its discovery is impossible not to consider other factors.
opening contribution, should bear in mind that these very high stakes really get, but if you make a lot of money for a period of one year or more.Second nuisance can become the news that the interest rate is valid only in a certain period of time, in most cases falls on the last three months of placing the money in the account.
And finally, one of the most obvious factors: the greatest amount of the rates offered on deposits in rubles, a stable currency which can be called easily.So, the next crisis could fully depreciate the ruble savings that has happened and, unfortunately, many times.Speaking about reliability, then the lead on this indicator clearly takes multicurrency deposit.The average interest rate on it is likely to occupy an intermediate position between the indicators of ruble and foreign currency deposits.
advantages of placing funds in different currencies
Multicurrency contribution to most of the banks involves different interest rates for each currency, entering into it, but some offer a uniform interest rate averaged.Technically, when you open the customer receives one account per currency, which is placed on deposit.During the term of the deposit is possible movement of allocated funds from one currency to another, however, the bank usually voiced minimum amount that can be in each account.
Program "Multicurrency deposit" can be found in almost any bank.Traditionally in Russia, such deposits can be replenished in rubles, dollars and euros, which may be made in equal shares, and in other relationships.
National Insurance, which in the case of bankruptcy of the bank allows the borrower to return up to 700 thousand rubles, and operates on a multi-input, which certainly gives confidence in its reliability.
What to open a bank deposit does not require any knowledge and a large package of documents, making it a very attractive tool to keep their savings.
Differences deposits in different banks
in various financial and credit institutions of the conditions of opening and maintenance of such deposits may differ on parameters such as:
- minimum amount to open the deposit;
- possibility of early closure;
- opportunity replenishment;
- terms of deposits and other conditions.
Thus, opening a deposit as a contribution to a multi-currency can be a good idea to invest with minimal risks.But do not get involved in transfer of money from one account to another within the deposit, as the exchange rate of the bank for such operations may not be the most profitable and nullify all the profits from such investments.
