Consumer interest in the state of affairs on the bank deposit market traditionally intensifies in the autumn, when credit institutions conduct various promotions that have a beneficial effect on increasing the profitability of deposits. In addition, autumn is the time to take stock, and now we can judge what will happen to the profitability of bank deposits at the beginning of 2014.

Deposit rates have decreased

Within the framework of this article, the reader is offered an overview of interest rates on Sberbank deposits as of mid-November 2013. This year, the bank quite seriously reduced rates, both on retail deposits and on certificates, the official explanation for this was Sberbank’s desire to increase the profitability of deposits.

However, market experts express the opinion that Sberbank has taken such steps in order to spur consumer interest in credit products - by attracting deposits at a reduced rate, the bank can automatically offer more favorable loan rates. Undoubtedly, on the eve of the New Year holidays, banks are less interested in the issue of raising funds than in increasing interest from potential borrowers.

Trends

Sberbank carried out its last reduction in interest rates on deposits at the beginning of October 2014; in total, such a measure was taken three times during the year. In addition to the internal reasons that prompt the bank to take such measures, there are factors that are common to the entire deposit market. You can pay attention to changes in interest rates on deposits in other fairly large and stable banks, including credit institutions under state control.

Banks such as Alfa-Bank, OTP-Bank, Orient Express, and Vozrozhdenie have reduced deposit rates since the beginning of October. However, in this case, Sberbank traditionally became the leader, since in other banks the decline was less noticeable, and in the case of other banks, this decline did not affect the entire product line.

Judging by the comments that necessarily accompanied the reduction in rates in each of the banks, as well as the relatively stable economic situation, we can conclude that until the end of the year, rates in banks will no longer be reduced. Therefore, this review of deposits offered by Sberbank can be considered relevant at the end of this year and at the beginning of 2014.

All Sberbank products that provide for the accrual of interest on deposited funds are divided into the following categories:

• Time deposits that meet the needs of the main category of depositors. To work with deposits belonging to this category, you must visit Sberbank offices;
• Online deposits, which provide the opportunity to manage funds without visiting a bank branch;
• Deposits for pensioners – special programs for citizens of retirement age, characterized by more attractive interest rates;
• Unallocated metal accounts, which provide additional income due to the increase in the value of precious metals.

Time deposits

Savings certificates of Sberbank of Russia

The certificate is a security issued to bearer. Placing funds through the purchase of Sberbank savings certificates involves a higher interest rate than for other types of deposits. The higher yield is explained by the absence of the need for compulsory deposit insurance.

The income on the certificate is calculated at the time of its presentation for payment, according to the time of storage of funds and the denomination of the deposit, the calculation occurs at the rate in effect at the time of presentation. The ability to deposit additional funds or withdraw part of the funds is not provided. The term for placing funds under the certificate is from 91 days to three years, the interest rate varies depending on the amount and period of placement of funds.

The minimum placement amount is 10 thousand rubles; in the range from 10 to 50 thousand rubles, the interest rate does not change and is 0.01%. Within the deposit amount from 50 thousand rubles to the upper limit up to which the interest increases (100 million rubles), the interest rate varies in the range from 5.5% to 9.30% per annum.

The certificate can be presented to another person without the need for re-issuance (ordinary delivery); if the rights to the security are lost, they can be restored in court. In addition, the savings certificate can be transferred to the bank for safekeeping (the service is free).

“Save” deposit

A time deposit that involves capitalization of interest (the accrual of interest that is added to the total amount of the deposit and on which interest is also accrued). The “Save” deposit is designed to obtain maximum income from available funds and offers the most interesting interest rates in the line of time deposits. The deposit period can vary from 1 month to 3 years, funds can be placed both in rubles and in foreign currency (US dollars, euros), the minimum is 1000 rubles (or in foreign currency at the exchange rate).

The interest rate varies depending on the term of the deposit and the amount; the minimum interest rate of 4.4% per annum is valid for the lower limit (amounts from 1 thousand to 100 thousand rubles), as well as for the minimum placement period (1 month). The maximum interest rate applies to the upper barrier amount (from 2 million rubles) and is 7% per annum (without capitalization) and 7.76% (with capitalization). Special conditions apply to investors of retirement age.

There is no possibility of subsequent replenishment of the deposit amount, as well as the possibility of withdrawing part of the funds. Interest is accrued monthly, and the client can choose whether to withdraw funds accrued as interest or capitalize them. The “Save” deposit is provided for automatic prolongation under the conditions valid until the expiration date. In case of early withdrawal of the deposit, bank sanctions are applied, expressed in the recalculation of interest.

Deposit “Top up”

The deposit is also a fixed-term deposit and involves capitalization of interest; this product will be of interest to citizens who create savings. The deposit period can be calculated with an accuracy of one day and ranges from 3 months to 3 years; there is the possibility of depositing additional funds into the account, while the possibility of withdrawal is not provided.

The minimum amount required to open an account is 1,000 rubles; the account can also be opened in foreign currency (US dollars, euros), and the minimum amount is calculated at the exchange rate. There is a limit on the maximum amount; if there is a tenfold increase in the initial deposit, the total interest rate may be changed. The minimum replenishment amount in cash is also 1,000 rubles (or in foreign currency at the exchange rate); there are no restrictions on non-cash replenishment. The accrued interest (calculated monthly) can be withdrawn to the card or capitalized, at the request of the client.

The interest rate on the “Replenish” deposit varies depending on the deposit amount and term. The minimum rate is 4.6% per annum for a deposit for a three-month period and amounts in the range of 1,000 - 100,000 rubles. The maximum deposit amount, which is the threshold in the tariff schedule, is 2 million rubles. By placing an amount exceeding 2 million rubles for a three-year period, the investor can count on a rate of 6.6% (without capitalization) and 7.28% per annum with interest capitalization.

As the amount accumulates to the next gradation level, the interest rate increases automatically, the deposit is also extended automatically, under the conditions in force at the end of the deposit term. If the deposit is withdrawn early, the bank's sanctions come into force, providing for the recalculation of accrued interest downward. Special conditions apply for pensioners.

“Manage” deposit

A time deposit with the possibility of interest capitalization is intended for investors who want to manage their existing funds - deposit and withdraw money as needed, without losing interest. Naturally, such flexible options have a negative impact on the interest rate, but the ability to use funds fully compensates for some of the difference.

The term of the “Manage” deposit is calculated individually with an accuracy of one day and can be opened in Russian rubles or in foreign currency (dollars, euros). The minimum amount for opening a deposit is 30,000 rubles (or in foreign currency at the exchange rate). This threshold is also the minimum balance, sufficient for interest on the deposit to continue to accrue. You can replenish your account by non-cash payment for any amount, and for cash replenishment there is a minimum limit of 1,000 rubles.

The interest rate for the minimum possible deposit amount (from 30 thousand to 100 thousand), placed for the minimum period (3 months) is 4% per annum. For the upper threshold level (from 2,000,000 rubles), the interest rate on the amount placed for three years is 6.1% per annum without capitalization of interest, and 6.68% with capitalization.

Interest is accrued monthly, these funds can be withdrawn to the card or capitalized, at the request of the depositor. Other conditions related to the products already described are unchanged for the “Manage” deposit. This applies to early withdrawal of deposits, special conditions for retired depositors, restrictions on the maximum amount and extension conditions.

“Gift of Life” contribution

The contribution is intended to help children who suffer from serious illnesses and need treatment. The main condition of this deposit is the transfer by Sberbank from the depositor’s account of 0.3% per annum (of the deposit amount) to the special fund “Gift of Life”, which implements the corresponding assistance programs.

This special product of Sberbank has fairly simple conditions. The deposit implies the possibility of capitalization of interest, but accrued interest can also be withdrawn to the card. Interest, unlike previous products, is calculated every three months.

The “Gift of Life” deposit is placed for a period of 1 year; during this period it is not possible to withdraw or deposit additional funds. Funds are placed exclusively in rubles, the interest rate is 6.40% (without capitalization) and 6.56% per annum (with capitalization). If the deposit is withdrawn early, the bank's sanctions come into force.

Deposit Multicurrency

This deposit can be opened in rubles and in foreign currency and involves the investor receiving additional profit due to the increase in the value of currencies. The deposit is opened simultaneously in three currencies (rubles, euros, US dollars), the depositor can make conversion transactions between accounts at the Central Bank exchange rate.

A deposit account opened for a period of 1 to 2 years can be replenished by non-cash payment (without restrictions) or in cash (min. amount - 1000 rubles). The interest rate depends on the deposit amount and placement period. The interest on the minimum allowable amount, the minimum balance (5 rubles, dollars and euros), and up to the amount of 15 thousand rubles, is 0.01% per annum. Above this threshold, the interest rate varies from 5.30% per annum (5.41 with capitalization) to 5.9% (6.21%). The maximum interest rate is when placing an amount of 1 million rubles or more for a period of 2 years.

Interest is accrued every three months, they can be withdrawn to the card or capitalized; if the deposit is withdrawn early, the bank's sanctions come into force. Prolongation of the deposit upon expiration occurs automatically. If the minimum balance for each account is below the permissible limit, the deposit is terminated.

Deposit Savings account

The deposit is intended for citizens who want to freely use available funds and at the same time receive additional income. The “Savings Account” deposit differs from the “Manage” product in the absence of a “minimum amount”, as well as restrictions in the form of a minimum and maximum amount. There is no placement period as such. On the other hand, the interest rate on this deposit is quite low and the accrual of interest can only be considered as a small additional income.

The minimum interest rate works in the range from 0 to 30 thousand rubles and is 1.5% per annum, and the maximum rate works for amounts over 2 million rubles, amounting to 2.3% per annum.

The Savings Account deposit can be opened in rubles, dollars or euros; the interest rate changes automatically when the amount reaches the next threshold of the tariff schedule. Interest is calculated monthly according to two indicators:

• The minimum balance that was recorded on the account during the month (calculated based on the interest rate assigned for a certain amount);
• The difference between the minimum balance and the actual balance (at a rate of 0.01% per annum).

The same conditions apply to early termination of the deposit.

Contribution	Currency	Min. amount (rubles)	Deposit term	Interest rate (maximum)
Savings certificates	rubles	10 000	From 91 to 1095 days	9,30%
Save	Rubles, US dollars, Euros	1 000	From 1 month up to 3 years	7,76%
Replenish	Rubles, US dollars, Euros	1 000	From 3 months up to 3 years	7,28%
Manage	Rubles, US dollars, Euros	30 000	From 3 months up to 3 years	6,68%
gift a life	rubles	10 000	From 1 year to 2 years	6,56%
Multicurrency	Rubles, US dollars, Euros	5 rubles 5 USD 5 EURO	From 1 year to 2 years	6,21%
savings account	rubles	—	—	2,30%

Online Deposits

The line of Online deposits offered by Sberbank, to a certain extent, copies the three main products of the line of time deposits (“Save”, “Replenish” and “Manage”). The difference lies in the order of placing deposits - in order to open any of the “Online” deposits, there is no need to go to Sberbank branches, this can be done using your personal account on the bank’s official resource. The depositor can also work with his own funds in bank accounts remotely (within the conditions of each type of deposit).

In addition, unlike the mentioned deposits, interest rates on “Online” deposits are more attractive. This is, to some extent, due to the lower costs of customer service that the bank is forced to bear when working remotely.

The remaining conditions of the “Save Online”, “Replenish Online” and “Manage Online” deposits correspond to the conditions of the basic products. For pensioners, special conditions are offered for these deposits, suggesting a sharper increase in the interest rate depending on the increase in the threshold barriers of the tariff schedule.

Contribution	Currency	Min. amount (rubles)	Deposit term	Interest rate (maximum)
Save Online	Rubles, US dollars, Euros	1 000	From 1 month up to 3 years	8,07%
Top up Online	Rubles, US dollars, Euros	1 000	From 3 months up to 3 years	7,58%
Manage Online	Rubles, US dollars, Euros	30 000	From 3 months up to 3 years	6,97%

Deposits for pensioners

For pensioners, Sberbank offers deposits that are modifications of basic products - “Savings Certificate”, “Save” and “Replenish”, as well as the “Pension-plus” deposit of Sberbank of Russia.

If the conditions of the “Savings Certificate” deposit for pensioners are absolutely no different from the conditions for all other depositors, then the “Save” and “Replenish” products for pensioners have some differences. These differences translate into a more favorable interest rate.

Thus, the increase in the interest rate (in “Save” and “Replenish”) for pensioners no longer depends on the size of the invested amount, and changes solely depending on the term of the deposit. Moreover, interest rates, which for basic products begin to apply from amounts over 2 million rubles, for pensioners apply directly from the minimum amount (1000 rubles). The accrued interest can also be capitalized or withdrawn to the card; other conditions exactly repeat the conditions of the basic products.

The “Pension Plus of Sberbank of Russia” deposit is a completely independent product, designed only for pensioners receiving pensions both from the Pension Fund of the Russian Federation and from non-state pension funds. The deposit can be opened only in rubles, and only for a three-year period. Capitalization of interest is provided, which is accrued every three months.

The minimum amount is also the minimum balance and is 1 ruble. During the validity period of the deposit, you can replenish it without restrictions, as well as withdraw funds (up to the minimum balance). Prolongation is carried out automatically; in case of early termination of the deposit, interest is recalculated without taking into account capitalization.

Contribution	Currency	Min. amount (rubles)	Deposit term	Interest rate (maximum)
Savings certificates	Rubles	10 000	From 91 to 1095 days	9,30%
Save	Rubles, US dollars, Euros	1 000	From 1 month up to 3 years	7,76%
Replenish	Rubles, US dollars, Euros	1 000	From 3 months up to 3 years	7,28%
Pension-plus	rubles	1	3 years	3,67%

Unallocated metal accounts

Anonymized metal accounts (OMA) can also be considered as a deposit - Sberbank has been providing the service of opening an account in grams of precious metals (gold, silver, platinum, palladium) since 2002. A depositor can make a profit by selling the metal he has to the bank during a sharp rise in prices.

The minimum deposit amount is calculated in weight of metals (0.1 gram for gold, platinum and palladium and 1 gram for silver). This is a classic account on demand terms, there is no mandatory storage period. One client can open several accounts, but without the ability to transfer funds from account to account. A metal account can be opened for a child under 14 years of age; from 14 to 18 years of age, an account can be opened independently, but this requires the written consent of a parent or guardian.

The depositor can top up his account with metal bullion or purchase it from the bank. The client can “cash out” the account - receive metal from the bank by paying the bank’s commission, as well as VAT in the amount of 18%.

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 loyal and conservative clients.

According to statistics, in the Yandex search engine alone, more than 9 million queries are devoted to it every month. As for attracting funds from individuals, bank 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 bank deposits. The share of the remaining liabilities of the Sberbank First channel in the total volume of Sberbank liabilities increased over the year from 9.3% to 10.6%.

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 size of which already amounts to more than 40% of all bank deposits of individuals. In December alone, individuals’ funds increased by 644 billion rubles and approached 8 trillion. rubles If we compare this number with the volume of deposits of the country’s largest retail bank VTB24, which ranks second in terms of the amount of capital raised from individuals, then for the latter the same figure only reaches 1.3 trillion. rubles, i.e. it turns out to be 6 times less. According to preliminary data, Sberbank's net profit 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 amiss to remind you that not only in terms of these balance sheet indicators, Sberbank consistently ranks first in various financial ratings among Russian financial institutions. The classic Sberbank index of net asset size, which traditionally ranks banks in the global financial system, shows a level of 16.7 trillion. rubles, which is 5 times more than Gazprombank, which ranks next in the Russian economy.

It is based on the indicators of these five, which attract the largest number of funds from the population, that the Central Bank calculates the maximum deposit rate as a guideline 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 thanks 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 attract money to 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 remains open for now, since processes occurring in the global economy will have a certain influence here.

Deposits 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 charity account. Also, to save and accumulate funds, the bank offers to open impersonal metal accounts or purchase. Each person will be able to choose the most optimal option for their savings in order to not only save them, but also increase them.

The product's name	Rates (range in %)	Duration (range in months)	Minimum amount
Classic time deposits
International	Yen: 0.3 - 2.25 Swiss francs: 0.1 - 2.5 Pounds sterling: 0.55-3.25		1,000,000 yen 10,000 Swiss francs 10,000 pounds sterling
Multicurrency	Rubles: 0.01 - 5.9 Dollars: 0.01 - 1.78 Euro 0.01 - 1.78		5 rubles5 US dollars5 euros
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 Euros: 0.3 - 2.33		1,000 rubles100 US dollars100 euros
Manage	Rubles: 4 - 6.68 Dollars: 0.35 - 1.9 Euro: 0.35 - 1.9
Online deposits available for opening on the Internet
Top up Online	Rubles: 4.85 – 7.58 Dollars: 0.5 – 2.22 Euros: 0.4 – 2.22		1,000 rubles100 US dollars100 euros
Save Online	Rubles: 4.65 - 8.07 Dollars: 0.4 - 2.43 Euros: 0.4 - 2.43		1,000 rubles100 US dollars100 euros
Manage Online	Rubles: 4.25 - 6.97 Dollars: 0.45 - 2.01 Euros: 0.45 - 2.01		30,000 rubles1,000 US dollars1,000 euros
Deposit accounts for retirees
Pension Plus	Rubles: 3.5 (3.67)
Top up (pension)	Rubles: 5.3 – 7.28 Dollars: 0.8 - 2.11 Euro: 0.8 - 2.11		1,000 rubles 100 US dollars
Save (retirement)	Rubles: 5 - 7.76 Dollars: 0.6 – 2.33 Euro: 0.6 - 2.33		1,000 rubles 100 US dollars
Special charitable contribution
Gift a life	Rubles: 6.4 (6.56)		10,000 rubles
Metal bills
	Payment in rubles at the sales rate established by the bank: gold, silver, platinum, palladium
Savings certificates
Savings certificate of Sberbank of Russia			10,000 rubles

Maximum interest rates are indicated taking into account capitalization.

As we 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 limiting period if investing in precious metals.

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

By the way, pensioners now also have the opportunity to open Sberbank deposits online. Moreover, the bank conducts free training seminars for them on eliminating computer illiteracy. In addition to learning how to use Internet banking, the courses talk about other useful functions that are available to anyone through a virtual network: searching for 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 annuity or capitalization once a month at the client’s choice: Top up, Top up (pension), Top up Online, Save, Save (pension), Save online, Manage, Manage Online.

— Quarterly annuity or capitalization once a quarter at the client’s choice: Multicurrency, Give Life.

— Quarterly annuity: Pension plus.

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

— Replenishment: Multicurrency, Pension plus, Top up, Top up (pension), Top up Online, Manage, Manage Online, compulsory medical insurance.

— Partial expense: Pension plus, Manage, Manage Online, compulsory medical insurance.

— Simultaneous possibility of spending and replenishing: Pension Plus, Manage, Manage Online, Compulsory Medical Insurance.

— Preferential interest accrual upon early termination of the contract: International, Multicurrency, Top up, Top up (pension), Top up Online, Save, Save (pension), 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, Compulsory Medical Insurance.

Sberbank's specialization in servicing the population is reflected not only in the complex of credit programs, but also Sberbank deposits for individuals in 2014 occupy the lion's share of the bank's liabilities. Attractive conditions for the responsible storage of financial resources have been created for pensioners, students, and the working population.

Deposit (contribution) - financial resources that are provided by individuals and legal entities for management by the bank for a clearly defined term and at a certain percentage, indicated in a legal agreement.

Sberbank deposits can be divided into:

On demand: deposit funds from this account can be used by the owner at any time. We can say that such a deposit acts as a kind of savings book for salaries, savings, etc.

- for a certain period (term): the agreement with the bank clearly defines the terms of the deposit, the interest for the use of resources, and the terms of return. The income received from such deposits is always higher than from demand deposits. This is due to the fact that if the depositor wants to withdraw money from the Sberbank deposit ahead of schedule, interest for use will be accrued at a reduced rate. But a fixed-term deposit can be considered in the case when it lasts for at least six months or another period of mandatory storage specified in the contract.

Sberbank personal deposits: a convenient option for a gift or savings deposit for a significant date or dedicated to a festive event.

Sberbank can attract deposit funds by:

Registration of a deposit agreement for time deposits;

Registration and issuance of a certificate of deposit.

In both options, the bank that received funds from the depositor undertakes to pay the amount of the deposit (deposit) and accrued interest on the terms and in the manner prescribed by the agreement.

The advantage of Sberbank deposits is the ability to open both foreign currency and ruble accounts. Interest for the use of the deposit, according to the terms of the agreement, can be paid upon repayment of the deposit, periodically or by advance payment.

Sberbank deposits for individuals in 2014

For pensioners, individuals and legal entities, and students, Sberbank has developed a lot of profitable offers on deposits. Among the bank's products, Sberbank deposit programs for individuals are actively gaining popularity in 2014:

- “Save”: the minimum deposit amount is from 1000 rubles (100 US dollars or 100 euros), the period is from one month to three years, the rate ranges from 4.4% to 7% per annum in rubles, replenishment or partial withdrawal are not provided. When making this deposit through the Sberbank Online application, the interest rate is slightly higher and ranges from 4.65% to 8.4% per annum in rubles.

- “Replenish”: the conditions are similar to the previous deposit, the rate ranges from 4.6% to 7.3% per annum in rubles, while the opportunity to replenish the deposit account is available - an ideal opportunity for those who prefer to save in rubles. This is one of the most popular Sberbank deposits for individuals in 2014.

- “Manage”: for those who are always used to controlling their money. The minimum deposit amount is 30,000 rubles (USD 1,000/EUR 1,000), term from three months to three years, partial withdrawals and deposit replenishment are available. The rate ranges from 4% to 6.68% per annum in rubles. In the online version, the rate is 4.25% to 7.28% per annum in rubles.

A savings account is the optimal choice among Sberbank deposits for individuals in 2014, for pensioners: it allows you to freely use deposit funds, there is no minimum deposit amount, there is no limited period of use, there is no limit on withdrawals and replenishments, the rate is from 1.5% to 2.3% per annum in rubles

The bank pays special attention to pension deposits.

Sberbank deposits for pensioners

For this category of the population, Sberbank offers a special deposit service program - “Pension+”, which provides for the accrual of interest on pension funds placed in a bank account.

Sberbank deposits for pensioners. Conditions:

The minimum deposit amount is purely symbolic - 1 ruble;

The term of the deposit agreement is three years with the right of subsequent extension;

It is possible to replenish the deposit account;

Unlimited partial withdrawals;

The rate is 3.67% per annum in rubles.

To formalize the agreement, you need to visit a Sberbank branch with a document proving your identity, sign a deposit agreement and deposit money into the account. From this moment on, you will be accrued a set percentage on the balance of funds under the terms of the Sberbank Deposit for pensioners. In this case, the accumulated amount of interest is added to the amount of the deposit on a quarterly basis, thereby increasing your subsequent income. Please note that in case of early termination of the deposit agreement and withdrawal of funds, interest for the use of money is accrued at the rate in effect at the time of signing the agreement. Excluding interest capitalization.

Sberbank deposits for pensioners, the conditions provide for automatic extension of the agreement, for which a testamentary disposition or power of attorney can be issued.

To summarize, I would like to note that Sberbank has long established itself as a reliable financial partner both in matters of lending and deposit storage of funds. A wide range of offers covers all categories of the population, providing the most favorable conditions for banking services.

Sberbank of Russia is the undisputed leader in terms of the volume of funds attracted into deposits from the population. His portfolio of individual deposits as of March 1, 2014 exceeded 7.7 trillion rubles, which ensured him first place in this indicator. The popularity of Sberbank among depositors is explained not only by its reliability and attractive conditions for deposits, but also by a wide range of deposits. Among which there are special offers for pensioners, as well as those who want to participate in charity. Read more about deposits in Sberbank in our review.

Contribution "Save" designed for those who are looking for maximum profitability . The rates on it are up to 7.76% per annum in rubles, 2.33% per annum in dollars and 2.33% in euros. The minimum deposit amount is 1000 rubles/100 dollars/100 ero. Duration - from 1 month to 3 years. For deposits opened by pensioners, the maximum rate is set for the selected period, regardless of the deposit amount. Interest is paid monthly to a bank card account. Capitalization possible. When placing funds over 100 thousand rubles. (or the equivalent in US dollars and euros) and with a storage period of at least 1 year, a Sberbank - Maestro, Sberbank - Visa Electron bank card is issued. However, such attractive conditions are possible with a number of reservations, in particular, replenishment of the deposit and partial withdrawal of funds from it are not provided. Early withdrawal of funds is on preferential terms. If the funds have been on deposit for more than 6 months, interest is paid based on 2/3 of the interest rate; less than 6 months - 0.1% per annum. In case of early termination of the deposit, interest is recalculated without taking into account the monthly capitalization of interest. Automatic extension of the deposit is possible.

By deposit "Save Online" similar conditions are provided, with the only difference being that it can be opened remotely, via Internet banking. The rates on it will be higher - up to 8.07% per annum in rubles, 2.43% per annum in dollars and 2.43% in euros - compared to the “Save” deposit, which is opened in bank branches.

Contribution "Replenish" calculated to create savings . It provides for the possibility of replenishment, that is, the investor can regularly save funds, thereby increasing the final income. The rates on it are up to 7.28% per annum in rubles, 2.11% per annum in dollars and 2.11% in euros. The minimum deposit amount is 1000 rubles/100 dollars/100 ero. Duration - from 3 months to 3 years. The interest rate increases automatically when the next amount is reached. For deposits opened by pensioners, the maximum rate is set for the selected period, regardless of the deposit amount. Interest is paid monthly to a bank card account. Capitalization possible. Partial withdrawal is not provided. Early withdrawal of funds is on preferential terms. If the funds have been on deposit for more than 6 months, interest is paid based on 2/3 of the interest rate; less than 6 months - 0.1% per annum.

Contribution “Replenish Online” implies higher rates - up to 7.58% per annum in rubles, 2.22% per annum in dollars and 2.22% in euros - and is opened through the Internet bank.

Contribution "Manage" provides maximum freedom in managing funds . It is possible to replenish the deposit, as well as withdraw some funds. The rates on it are up to 6.68% per annum in rubles, 1.9% per annum in dollars and 1.9% in euros. The minimum deposit amount is 30,000 rubles/1000 dollars/1000 euros. The maximum deposit amount is equal to the down payment increased by 10 times; If the deposit amount exceeds the maximum amount, then interest is accrued on the difference between the actual deposit amount and the maximum at a rate of 1/2 of the deposit rate in effect on the date of excess. Duration - from 3 months to 3 years. Interest is paid monthly to a bank card account. Capitalization - at the client's choice. When placing funds over 100 thousand rubles. (or the equivalent in US dollars and euros) and with a storage period of at least 1 year, a Sberbank - Maestro, Sberbank - Visa Electron bank card is issued. Early withdrawal of funds is on preferential terms. Deposit rates "Manage Online"- up to 6.97% per annum in rubles, 2.01% per annum in dollars and 2.01% in euros.

"Savings account" allows you to manage your money without restrictions. The depositor can replenish and withdraw funds from the account at any time, in any amount. There are no requirements for a minimum amount or terms of placement of funds. Rates - up to 2.30% per annum in rubles, 0.40% per annum in dollars, 0.40% per annum in euros. Bets depend on the amount placed and increase when the next threshold is reached. Interest is accrued monthly: on the minimum balance kept on the account for a month - at the interest rate that was determined based on its amount; for the difference between the minimum and actual balance - at an interest rate of 0.01% per annum. In case of early termination, the minimum balance held on the account during the month in which the account is closed is determined. An interest rate of 0.01% per annum is charged on the difference between the minimum and actual balance.

For those who are looking returns are higher than on deposits , will do "Savings certificate". By placing funds on it from 10,000 rubles for a period of 91 days, you receive a yield of 9.3% per annum in rubles, which is significantly higher than deposit rates. However, there is one “but”: funds on deposits are insured, but funds on a certificate are not. That is, if the bank’s license is revoked, they will not be returned to you. Interest is paid at the end of the term. Deposits and partial withdrawals are not provided. Early termination - at the demand rate.

Contribution "Pension-plus" calculated for pensioners who want to receive interest from placing temporarily free funds. The minimum deposit amount is from 1 ruble, the term is 3 years, the rate is 3.67% per annum (including interest capitalization, without - 3.5% per annum). The deposit is replenished, with the possibility of partial withdrawal. Interest payment is quarterly. In case of early termination of the deposit, interest is recalculated without taking into account the capitalization of interest.

Contribution "International" allows you to receive in addition to the main income on the deposit additional income from changes in exchange rates . The deposit can be opened in pounds sterling (rate up to 3.25% per annum), Swiss francs (rate up to 2.5% per annum), Japanese yen (2.25% per annum). The minimum deposit amount is 10,000 pounds sterling, 10,000 Swiss francs or 1,000,000 Japanese yen. Duration - from 3 months to 3 years. Interest is paid at the end of the deposit term. Partial withdrawal and replenishment of the deposit are not provided. Early withdrawal of funds is on preferential terms. If the funds have been on deposit for more than 6 months, interest is paid based on 2/3 of the interest rate; less than 6 months - at the demand rate, 0.1% per annum.

Contribution "Multi-currency" also allows you to receive additional income from exchange rate differences. Funds can be placed in rubles (from 5 rubles), dollars (from 5 dollars) or euros (from 5 euros). The deposit is opened simultaneously in three currencies. It is possible to convert funds from one type of currency to another without losing accrued income. Rates - up to 6.21% per annum in rubles, 1.78% per annum in dollars and 1.78% in euros. Duration - 1 year. Interest is paid once every three months to a bank card account. Partial withdrawals are not possible. Replenishment is possible, the minimum amount is 1,000 rubles, 100 dollars/euro; When replenishing the deposit by non-cash means, the amount of the additional contribution is not limited. Early withdrawal of funds is on preferential terms.

Contribution "Gift a life" created to help children with oncological, hematological and other serious diseases. Every 3 months, Sberbank transfers to the Gift of Life charity fund an amount of 0.3% per annum of the deposit amount. The interest rate is 6.56% in rubles, the deposit period is 1 year. The minimum deposit amount is 10,000 rubles. The deposit is not replenished, without partial withdrawal. Early termination of the deposit agreement is on preferential terms.

Table 1. “Deposits in Sberbank in 2014”

	Contribution	Max. bid	Min. sum	Min. term
		1000 rubles 100 dollars
		1000 rubles 100 dollars
		1000 rubles 100 dollars
			1000 rubles

Despite the decline in the profitability of ruble deposits, the deposit market in 2013 was characterized by significant activity. According to analysts' forecasts, the increase in deposit volumes will continue in 2014. In the article we will look at: forecasts for the dynamics of interest rates in 2014; features of Sberbank deposits in the coming year, and we will also review the bank’s deposit programs.

The State Duma adopted in the first reading amendments to the law “On Deposit Insurance”. In case of final acceptance, the insured amount for ruble deposits will be 1,000,000 rubles. It is possible that the adoption of the amendments will be delayed until the spring of 2014. This will allow the Central Bank to develop a new approach to the system of contributions to the deposit insurance fund.

Increase in the amount of insurance compensation for deposits

When creating the deposit insurance system, a gradual increase in the amount of insured deposits was initially planned. The first limit was 170,000 rubles, the second – 400,000 rubles, the third – 700,000 rubles, and now the next step has been taken, and the insured amount has reached 1,000,000 rubles. This decision helps to strengthen the passive base of Russian banks.

An increase in the amount of insurance compensation will lead to an increase in the average amount of deposits and may attract an additional audience of clients whose deposit amounts initially exceed 700,000 rubles. Experts note that this measure will increase depositors' confidence in banks.

Simultaneously with the increase in the insured amount, contributions to the insurance fund for banks also increase. This will entail the introduction of a conservative deposit policy or affect the interest rate.

Interest rate dynamics

In 2014, the interest rate on deposits will gradually decrease. At the moment, rates on some deposits exceed inflation, so the prerequisites for their reduction are obvious. In addition, the Central Bank of the Russian Federation began to actively participate in regulating the maximum rate, trying to limit its growth.

Previously, the intervention of the Central Bank consisted only of recommendations, but now it has taken the form of written instructions that are binding. The guidelines for the restrictions will be the average rate determined by the largest banks in the country. Despite this, individual deposits will remain the most popular way to save money.

Another reason for the reduction in rates is the reduction in consumer lending volumes. Banks are not interested in attracting large amounts of borrowed funds because they need to maintain a balance between the growth of their assets and liabilities.

Sber deposits

Sberbank remains one of the leaders in the Russian deposit market and offers deposits for 2014 on the following conditions:

“Save” deposit with an individual term from 1 month to 3 years. The minimum amount is 1000 rubles, 100 dollars and 100 euros. Replenishment and withdrawal of funds from the deposit is not provided. Interest on deposits is accrued monthly and added to the principal amount of the deposit (capitalized) or transferred to the card account at the request of the client. Deposit extension is possible.

The interest rate depends on the term and amount of the deposit and is calculated at the rate of 4.4%-7% per annum (excluding capitalization) in Russian rubles and 0.3%-2.25% per annum in US dollars and euros.

In case of early termination of deposits during the first six months, interest is accrued at the “Demand” rate; after this period, 2/3 of the interest rate established for the deposit is paid.

Special conditions apply for pensioners: the maximum rate valid for the selected period, regardless of the deposit amount.

Deposit with an individual term from 3 months to 3 years. The minimum amount is 1000 rubles, 100 dollars and euros. The maximum amount is equal to the down payment increased by 10 times. Deposits can be replenished in cash or non-cash. Non-cash replenishment is made without restrictions on the amount, and for cash replenishment amounts from 1000 rubles, 100 dollars and euros are accepted.

The interest rate depends on the term and amount of the deposit and is 4.6%-6.6% per annum in rubles and 0.4%-2.05% per annum in foreign currency (excluding interest capitalization). The rate automatically increases when the next amount gradation is reached. Interest is calculated monthly and capitalized or paid to the client.

Deposit term – from 3 months to 3 years. The minimum amount is 30,000 rubles, 1,000 dollars and euros. The maximum amount is equal to the minimum contribution on the deposit, increased by 10 times. It is possible to replenish the deposit in the amount of 1000 rubles, 100 dollars and euros. Cashless replenishment is not limited. You can withdraw funds from your account up to the minimum balance. The agreement provides for automatic extension of the agreement.

The interest rate depends on the term and amount of the deposit and is 4%-6.1% per annum in rubles and 0.35%-1.85% per annum in foreign currency, excluding interest capitalization. Interest is calculated monthly and capitalized or paid to the client. The interest rate may be increased if the next amount is reached or if an additional agreement is concluded to increase the minimum minimum balance.

"Gift a life"

The deposit makes it possible to help the Gift of Life charity foundation, which supports children with cancer, hematology and other serious diseases. The bank transfers to the fund an amount of 0.3% per annum of the deposit amount every three months.

Term – 1 year, minimum amount – 10,000 rubles. Replenishment of the deposit and withdrawal of part of the funds are not provided for in the agreement. Interest of 6.4% per annum (excluding capitalization) is calculated every three months and is capitalized or paid to the client's account.

"Multicurrency Sberbank of Russia"

The deposit term is from 1 to 2 years. The minimum amount is 5 Russian rubles, 5 US dollars and 5 euros. The deposit is opened simultaneously in three currencies. It is possible to replenish your account in the amount of 1000 rubles, 100 dollars and euros. With the non-cash method of replenishing the deposit, the amount is not limited. There are no withdrawals available.

The interest rate depends on the amount of the minimum balance and the term of the deposit. When the deposit amount increases to the next gradation and when an additional agreement is concluded to increase the minimum minimum balance, the interest rate increases.

The interest rate in Russian rubles is 0.01% -5.90% per annum, in US dollars and euros - 0.01% -1.75% per annum. Interest is calculated monthly and capitalized or paid to the client's account.

Within one open deposit, you can perform conversion operations from one currency to another between accounts and within an amount exceeding the minimum minimum balance for each deposit account.

"Growing"

The deposit period is 2 years, the minimum amount is 1000 rubles. Depositing and withdrawing part of the funds is not provided.

The interest rate depends on the amount of the down payment and increases after 365 and 545 days. Interest rate – 5.1% -8.5% per annum. Interest is calculated monthly and added to the deposit amount or paid to the client.

Summary

Despite the steady decline in interest rates in 2014, demand for deposits continues to grow. In connection with the planned increase in the amount of insurance compensation for deposits to 1,000,000 rubles, the average contract amount will increase. If previously clients divided funds into several deposits and invested them in different banks, now the number of depositors making large deposits will increase.

Sberbank has a strong position in the Russian deposit market, and this situation will not change in 2014. The bank offers a wide range of deposits to obtain maximum income, as well as allowing you to withdraw funds and replenish your account. Thanks to its reliability and trust from clients, Sberbank will continue to expand its deposit portfolio in 2014.