The increased interest on deposits forced the clients of many banks to re-register deposits

Photo: Fotolia/Gajus

In pursuit of higher returns at the end of 2014, depositors in many banks chose to terminate their deposit agreements ahead of schedule in order to open new deposits at higher interest rates offered by banks immediately after the Central Bank raised the key rate. Banki.ru found out that the trend continued into the new year. True, on a smaller scale.

On the night of December 15-16, 2014, the Central Bank of the Russian Federation raised the key rate immediately from 10.5% to 17%. After that, many banks promptly raised deposit rates, and the most resolute depositors promptly hurried to try out the updated deposit line. As the Banki.ru portal found out, some depositors closed current deposits, losing accumulated interest, in order to deposit money at more attractive rates.

“Today, December 18, I made an attempt to open an advertised deposit with a rate of as much as 22% (in Rosinterbank). It was not possible to get through on the phone, I decided to take a walk to the nearest office (Paveletskaya), - in the "People's Rating" Banki.ru forum member Madam Krokozebra. - I found a long queue and four tellers "in the soap" ... I began to try to understand which of them works to open deposits. Turns out it was a general line. Well, okay, I'm sitting, waiting ... As we wait, the conversations in the queue reveal the following: most people simply close old deposits ahead of schedule in order to open new ones (well, if the interest difference is two times, you can survive the reduced interest rate for early closure) ".

“In the period before the New Year, rates in banks doubled, and many clients, having made simple mathematical calculations, preferred to lose interest by terminating agreements on current deposits and open new ones - already with a higher yield,” explains Svetlana Kroshkina, Deputy Chairman of the Board of Investtorgbank. - The beginning of this trend can be attributed to December 18, 2014, when banks, including ours, began to respond to changes in the key rate of the Central Bank. We are seeing this trend now, but as the rates have come down, the number of such cases has also decreased.”

According to Kroshkina, more than 90% of Investtorgbank's depositors who closed their deposits ahead of schedule in December 2014-January 2015 re-opened deposits with a higher yield in the bank. On average, we can talk about a difference of 5-7 percentage points, which they won in this case.

The trend towards early closing of existing deposits for the sake of opening deposits "more expensive" was also noted in MDM Bank. In general, about 10% of retail deposits were closed ahead of schedule in the bank in December 2014. Half of the depositors who closed their deposits ahead of schedule opened deposits at higher rates at the end of last year and the beginning of this year.

“Until mid-December 2014, interest rates on deposits of individuals in rubles in our bank ranged from 6.05% to 11.5% per annum. After the Central Bank raised the key rate to 17%, the maximum interest rate among MDM Bank deposits was 21% on the Leader deposit, - comments Evgenia Samardak, Head of the Retail Business Directorate at MDM Bank.

Nadezhda Kulikova, Head of the Department of Deposit and Settlement Products at Home Credit Bank, explains that the trend towards “shifting” deposits at higher interest rates began at the end of December, after the bank improved its line of deposits, raising the maximum rates from 12% to 19% per annum.

“This trend is still observed among clients who relatively recently (from one to three months ago) opened their deposits,” Kulikova specifies. - A significant increase in rates in our bank at the end of December allows customers to earn additional interest, even despite the early termination of previous contracts at reduced rates. Clients whose deposits expire within the next two to three months generally decide to wait until the deposit expires before opening a new one. The same clients, whose term of the deposit expired just at the time of the increase in interest, noting the attractiveness of our conditions, opened deposits in our bank again in almost 100% of cases.”

Ashot Simonyan, Vice President, Head of Client Finance at VTB 24, notes that due to the economic situation on the market, the second half of December last year was characterized by a significant increase in deposit rates. Therefore, many clients have decided to terminate the existing deposits ahead of schedule and open new ones, at a higher rate.

“We saw a trend towards an increase in the number of early closing deposits and the reallocation of funds at higher interest rates. In December, customers exceeded this indicator by several times compared to December 2013 and January 2014. By January of this year, the trend towards redeployment subsided a bit. Most of the clients who wanted to relocate have already done so,” says Simonyan.

Mikhail Sigaev, head of the deposit products center of Binbank, also confirms that now there is no hype with the closing of old and the opening of new, more expensive deposits, since almost everyone who wanted to place money at a higher rate has already done so.

“If we talk specifically about those investors who in December - In January, they closed deposits ahead of schedule, then about 90% of them opened deposits in our own bank with a higher yield, - says Sigaev. - If a person prematurely closed a deposit that was opened shortly before the rate increase in December, then the “gain” from opening a new deposit could reach 8 percentage points. But this is not the only possible option: for example, there were clients who closed ruble deposits, say, at 10-11% per annum, and converted them into foreign currency deposits, for example, at 7% per annum.

“In December 2014, due to strong fluctuations in exchange rates and a significant increase in the key rate of the Bank of Russia, there was an increased interest on the part of bank depositors in withdrawing funds from deposits, in connection with which OTP Bank and a number of other banks revised interest rates on deposits of individuals persons in rubles. As a result, some of the clients closing deposits actually re-placed their funds on new terms at higher interest rates,” says Pavel Nuzhdov, Head of the Center for the Development of Savings, Settlement and Commission Products of OTP Bank.

The trend towards closing old deposits, even with a loss of interest, and opening new ones with higher rates, starting from the second half of December, is also noted in Yugra Bank, Renaissance Credit and Russlavbank. In financial institutions indicate that in January there is a similar trend. However, the excitement has clearly subsided.

Since the beginning of 2014, we have published monthly a selection of offers on bank deposits, choosing the maximum interest rate as the main criterion, not forgetting to take into account capitalization. In this publication, we analyze the change in the average interest rate throughout the year.

For averaging, we took five maximum (taking into account capitalization) interest rates on ruble deposits and three on foreign currency. The results are shown in graphs 1-3.

Chart 1. Change in average interest rates on ruble deposits in 2014

22.75%(average) and 21.93%(average effective)- at the end of December

Chart 2. Changes in average interest rates on deposits in US dollars in 2014

10.00%(average)And10.00%(average effective)- at the end of December

Chart 3. Change in average interest rates on deposits in euros in 2013

10.00%(average) And10.00%(average effective)- at the end of December

As can be seen from the graphs, the dynamics of changes in interest rates over the past is as follows: for the period from the beginning of the year to mid-December, they increased by 10.4%, and by the end of the year - by another 84.1%. The total increase for the year was 103%. At the same time, until August, rates practically remained at the same level. The dynamics of ruble rates this year was determined by the rather strict requirement of the Central Bank for banks, which was expressed by the formula: the rate on deposits should not exceed the average rate of the TOP10 (the average rate on deposits in the 10 largest banks) plus 2%. This parameter was published by the Central Bank every two weeks. Starting from the end of September, the parameter began to grow, and banks began to raise interest rates within one or two days. The fantastic jump in interest rates at the end of the year is explained by the fact that due to the sharp devaluation of the ruble, depositors panicked and rushed to withdraw their money. To stop this process, banks were forced to sharply increase interest rates on deposits. The maneuver succeeded. Depositors, who had previously taken deposits en masse, took their money back. The queues of those wishing to withdraw deposits were replaced by queues of those wishing to put money on a deposit. At the same time, many lost their interest by terminating deposit agreements ahead of schedule.

It should be noted that the effective rate at the end of the year turned out to be lower than the interest rate, which is associated with the need to pay personal income tax.

The growth dynamics of interest rates on foreign currency deposits is also impressive. In terms of US dollars, they increased in total by 53.8%, in terms of euro - by 56.2%.

Some banks in the struggle for customers even raised interest rates on previously opened deposits.

Each of us periodically thinks about the options for saving and using the available funds. If you have a free amount of funds, then you can use it in different ways: just put it in a piggy bank under your pillow, or you can find a profitable investment option for yourself. It is the deposits that allow not only to save the available capital, but also to increase it by accruing interest.

Favorable interest rates on deposits

Favorable interest on deposits primarily depends on the type of deposit:

• term deposits, for which the period of withdrawal of funds from the deposit is strictly limited, always have the best rates, because. the bank knows exactly how long it will have your money;
• termless or short-term deposits, under the terms of which you can withdraw all the money at any time, do not have favorable deposit rates.

In addition, profitable deposits in banks differ in the time of payment of interest:

• daily;
• once a week;
• once a month;
• once a quarter;
• only at the end of the term.

Under the terms of deposits 2020, the most favorable interest rates are charged on deposits with interest paid at the end of the term.

Choosing a bank for a profitable deposit

When choosing a bank to place your deposit, you need to pay attention to the following important points in the conditions:

• the interest rate that will accrue on your deposit amount;
• a fixed amount for monthly replenishment of the deposit;
• Are there any restrictions on the minimum and maximum deposit amount;
• what is the minimum and maximum period for which a deposit can be made;
• what documents are required for registration of this service;
• what sanctions are established for early withdrawal of cash, whether such an option is provided at all;

At the moment, banks offer to open profitable deposits in rubles and in foreign currency, for individuals, for pensioners and for other categories of citizens.

Of course, it is the interest accrual system that is one of the decisive factors in choosing a bank and a deposit program. So, today such banks as Sberbank, VTB offer the most favorable conditions for term deposits for a period of 3 years without the possibility of replenishment or partial withdrawal.

How to open a profitable deposit?

On this page you will find the most profitable bank deposits. will help you quickly calculate all the conditions. To do this, enter your initial requirements in a special form:

• the amount of the deposit;
• term of the deposit;
• the possibility of replenishment;
• conditions for capitalization;
• the possibility of partial withdrawal;
• the presence of auto-prolongation.

The system will then show you the deposit options that match your requirements.

After you choose your deposit option and bank, all you need is your passport, the money you want to deposit and one visit to the bank.

Each person saves money for different purposes. However, many do not understand that keeping savings at home is not the best solution. Instead of generating income for their owner, they only lose their real value due to inflation. In addition, often people do not hold back and spend money. However, deposits in Moscow will help you not only save your finances, but also increase them in accordance with the agreement.

Today this product is a universal investment tool. Unlike stocks or precious metals, you don't need special knowledge or constant analysis of the economic situation. You just find a suitable offer and sign a contract. At the same time, most organizations do not have any restrictions on minimum contributions, and if they exist, they are small.

The contract itself is very important, so before signing it, you need to read the text personally. To do this, ask the bank employees to give a sample in printed or electronic form and carefully read all the points, especially those written in small print and marked with an asterisk. With the help of such tricks, unscrupulous organizations try to mislead a potential client and prescribe unfavorable conditions for him in the agreement.

Description of important points

The main advantage of the service, in addition to a stable income, is reliability. Consumer accounts are protected by the state at the legislative level through the compulsory insurance program. Therefore, in the event of liquidation or revocation of the license, you will be compensated. However, it is limited to 1.4 million rubles, which does not prevent you from dividing the amount exceeding this limit and placing it in several organizations, eliminating various risks.

The next aspect we will look at is account types. The first one is urgent. In this case, you place funds for a certain time period. Of course, you have the right to apply for early withdrawal, but with a high probability the bank will refuse to pay the accumulated interest. At the same time, this type of deposit is divided into savings and accumulative, which is provided for periodic replenishment (popularly called a "piggy bank").

The second option - on demand - comes at a low rate. The thing is that it is unprofitable for an organization to keep finances at home, knowing that the owner has the right to demand their return at any time. Such a product is preferred by that category of customers who are satisfied with the fact of reliability, and they are of little interest in potential profit.

Online Assistant

On the site you will find products that are currently on the market. It contains reliable information, which our experts check and update daily. By comparing the services by their main parameters - and this is the interest rate, the cost of opening and commission, you will be able to make the right decision, and the ratings section will help you in choosing an organization. the site is the largest financial supermarket in Runet, which has been successfully operating for more than ten years. All offers displayed on this page are the best or profitable only according to the experts of Banki.ru

The past year was not just successful for the first bank of Russia. The turn towards non-standard solutions for Sberbank surprised not only its most devoted and conservative clients.

According to statistics in the Yandex search engine alone, more than 9 million requests are devoted to him every month. As for attracting funds from individuals, the bank's analysts note the launch in Moscow of a special tariff plan for premium clients (Sberbank Premier channel), as well as the opening of the 100th office for wealthy clients (Sberbank First channel). Wealthy clients placed more than 780 billion rubles on the bank's deposits. The share of the remaining liabilities of the Sberbank First channel in the total liabilities of Sberbank increased from 9.3% to 10.6% over the year.

Results of the past year

A completely natural result of the new policy was an increase in household deposits in 2013 by 20.6%, the total amount of which is already more than 40% of all bank deposits of individuals. In one December, the funds of individuals increased by 644 billion rubles and approached 8 trillion. rubles. If we compare this number with the volume of deposits of the largest retail bank in the country, VTB24, which ranks second in terms of the amount of capital raised from individuals, then the latter has the same figure only up to 1.3 trillion. rubles, i.e., it turns out to be 6 times less. According to preliminary data, the net profit of Sberbank last year amounted to 350 billion rubles, and this is almost 10 times more than the income of the second bank of the Russian Federation.

It would not be out of place to remind that not only on these balance sheet indicators, Sberbank consistently occupies the first lines of various financial ratings among Russian financial institutions. The classic Sberbank net asset size index, which traditionally ranks banks in the global financial system, shows a level of 16.7 trillion. rubles, which is 5 times more than that of Gazprombank, which occupies the next place in the Russian economy.

It is according to the indicators of these five, which attract the largest amount of funds from the population, that the Central Bank calculates the maximum deposit rate for a benchmark in the bank deposit market.

prospects

According to most experts, Sberbank's deposit offers in the coming year will be characterized by a gradual reduction in rates. And all this is due to the fact that new loan programs with very attractive conditions for borrowers are constantly appearing among the bank's retail products. And, as a result, it is no longer profitable for Sberbank to raise money in deposits on the same terms, because after the reduction in the cost of credit programs, the cost of attracting free funds from depositors decreases.

It should be clarified that we are talking about a decrease in the yield on ruble deposits. In the case of foreign currency deposits, the question is still open, since the processes taking place in the world economy will have a certain influence here.

Contributions in 2014

The Sberbank deposit program for 2014 includes classic time deposits in rubles and foreign currency, deposit accounts for pensioners, for clients on the Internet, and a special charitable account. Also, in order to save and accumulate funds, the bank offers to open depersonalized metal accounts or purchase. Each person will be able to choose the most optimal option for their savings, in order not only to save them, but also to increase them.

The product's name	Rates (range in %)	Term (range in months)	Minimum amount
Classic term deposits
International	Yen: 0.3 - 2.25 CHF: 0.1 - 2.5 Pound Sterling: 0.55 - 3.25		1,000,000 yen10,000 Swiss francs10,000 GBP
Multicurrency	Rubles: 0.01 - 5.9 Dollars: 0.01 - 1.78 Euro 0.01 - 1.78		RUB 5 USD 5 EUR 5
Replenish	Rubles: 4.6 - 7.28 Dollars: 0.4 - 2.11 Euros: 0.4 - 2.11
save	Rubles: 4.4 - 7.76 Dollars: 0.3 - 2.33 Euro: 0.3 - 2.33		RUB 1,000 USD 100 EUR 100
drive	Rubles: 4 - 6.68 Dollars: 0.35 - 1.9 Euro: 0.35 - 1.9
Online deposits available for opening on the Internet
Refill Online	Rubles: 4.85 - 7.58 Dollars: 0.5 - 2.22 Euro: 0.4 - 2.22		RUB 1,000 USD 100 EUR 100
Save Online	Rubles: 4.65 - 8.07 Dollars: 0.4 - 2.43 Euros: 0.4 - 2.43		RUB 1,000 USD 100 EUR 100
Drive Online	Rubles: 4.25 - 6.97 Dollars: 0.45 - 2.01 Euro: 0.45 - 2.01		RUB 30,000 USD 1,000 EUR 1,000
Deposit accounts for pensioners
Pension Plus	Rubles: 3.5 (3.67)
Replenish (retirement)	Rubles: 5.3 - 7.28 Dollars: 0.8 - 2.11 Euro: 0.8 - 2.11		1 000 rubles 100 USD
Save (retirement)	Rubles: 5 - 7.76 Dollars: 0.6 - 2.33 Euro: 0.6 - 2.33		1 000 rubles 100 USD
Special charitable contribution
Gift a life	Rubles: 6.4 (6.56)		10 000 rubles
metal bills
	Payment in rubles at the selling rate set by the bank: gold, silver, platinum, palladium
Savings certificates
Savings certificate of Sberbank of Russia			10 000 rubles

The maximum values ​​of interest rates are indicated taking into account capitalization.

As you can see from the table, the duration of savings in Sberbank starts from one month and ends with a period of 3 years, if we talk about deposits, and has no limit, if we invest in precious metals.

The interest rate depends on the sum range in deposits: International, Multicurrency, Replenish, Replenish (retirement), Replenish Online, Save, Save (retirement), Save Online, Manage, Manage Online.

By the way, pensioners now also have the opportunity to open Sberbank deposits online. Moreover, the bank holds free training seminars for them on the elimination of computer illiteracy. In addition to learning how to use Internet banking, the courses talk about other useful features that are available to anyone through a virtual network: finding transport schedules, buying tickets, government services, and information about benefits.

The procedure for paying and accruing interest on Sberbank deposits in 2014 may be as follows:

— At the end of the term: International Savings Certificate.

– Monthly rent or capitalization once a month at the choice of the client: Replenish, Replenish (retirement), Replenish Online, Save, Save (retirement), Save online, Manage, Manage Online.

— Quarterly rent or capitalization once a quarter at the choice of the client: Multi-currency, Give life.

— Quarterly rent: Pension plus.

Most Sberbank deposits provide additional management options during the term of the agreement:

— Replenishment: Multi-currency, Pension plus, Replenish, Replenish (retirement), Replenish Online, Manage, Manage Online, CHI.

— Partial expense: Pension plus, Manage, Manage Online, CHI.

— Simultaneous ability to spend and replenish: Pension Plus, Manage, Manage Online, CHI.

— Preferential accrual of interest in case of early termination of the contract: International, Multicurrency, Replenish, Replenish (retirement), Replenish Online, Save, Save (retirement), Save Online, Manage, Manage Online.

You can make a deposit in favor of third parties, for example, for minor children or other relatives, in the products: Replenish, Manage, Save, Save Online, CHI.