How do I choose you deposit, or ten percent of the ten percent of discord

We offer you the material of our reader Olga Sitnikova @niamniamflox, in which she examines the atoms domestic deposit programs and the subtleties of keeping money in banks. Be sure to read literally everything.

I really like the recently topic deposits, so periodically I check the situation with a view, what are the conditions of deposits banks are now offering. You can certainly argue about the effectiveness of bank deposits as such, however, it is impossible not to agree with the fact that for many people, it is the most appropriate contribution (due to the low risky) way to save money, protect them from inflation impacts.

So, let's say you want to make a deposit in a bank. What you should pay attention before to give preference to one or the other contribution of a bank?

1. Pay attention to the bank itself. Check whether the Bank participates in the State deposit insurance scheme. Member banks of this program guarantees its investors that all deposits up to 700,000 rubles. return to depositors if the bank suddenly goes bankrupt, will be liquidated or will happen to him something terrible, so that he will not be able to give the depositors their money back. This issue is the Deposit Insurance Agency and on its website, you can see whether the selected bank

the list of banks participating in the insurance program. Although usually the participating banks themselves like to report it, for they set out on pages of information contributions on their sites place their serial number in the registry, enter the date in it and hang just such kartinochku:

2. Pay attention to the amount you want to save. In particular, we are interested in the case, if the sum is greater than 700,000 rubles (in view of the planned income). Typically, banks give the greater rate of interest on deposits, the larger the amount of the deposit itself. Accordingly, you will need to choose one of the following alternatives:

• Split the sum into several parts (each part is less than 700,000 rubles.) And put them all on deposits in different banks, because only in this case, all deposits will be insured (for the insurance program deposits placed on different accounts in the same bank or its affiliates are considered contributions of bank). In this case, you do not risk, but, of course, get a lower interest rate on deposits. Plus you will need to look for several banks, which give a good interest rate, to be able to allocate the resulting amounts.
• Put the entire amount on one in a bank account and get a higher interest rate. Of course, in this case, there is a risk of losing the money (that more 700,000 rub.). The magnitude of this risk is difficult to determine. Making a decision about whether you can be trusted to choose a bank, you can expect perhaps only on their intuition.
• Consider other ways of investing money.

3. To study in detail the contribution conditions and its specificity taking into account how you plan to operate contribution. In particular, pay attention to the following things:

• It is the contribution of refillable (This is useful if you intend to use the contribution as a safety cushion, and periodically put back a portion of their income).
• what conditions for early withdrawals (Full and partial): if it is possible, if changes at the interest rate and the like, to what extent possible partial withdrawal and so on. On the conditions for early withdrawal of funds necessary to pay attention, if you are not sure that you will have enough money that you operate outside the deposit.
• on what time the bank offers to invest. As a general rule, the longer the duration, the higher the interest rate. However, think that about you may need money and whether to actually choose a very long time, coveted higher rate, or better select a smaller period, albeit with a lower interest rate, and after him to withdraw the money again (since grown sum) to think about how best to invest the available money.
• Whether there is a rollover contribution (Extension of the deposit term) and it is carried out under what conditions? When you need to pick up the money, so they will not be locked up for a new term deposit? Do I need to warn the bank that you will be going to pick up the money, how many days it should be done? To these questions, regarding the withdrawal of money at the end of the term, it is necessary to respond to clearly simulate head money out the situation of the Bank at maturity and avoid unpleasant surprises. By the way, here for fun, you can fantasize deposit with automatic extension of infinite and unchanging or increasing the rate of deposit, then if you are Rip Van Winkle, is asleep for 20 years in the mountains and returned to the city, you can go to the bank and suddenly become much richer.
• How is the reckoning of interest on the deposit? This is very important, and this issue is to analyze very carefully. Therefore, part I would like to examine in more detail.

Deduction of interest to the deposit amount is called capitalization contribution. If you choose to contribute, in which interest is calculated at the end of term of the deposit, then we say that this is a contribution without capitalizationAnd you will be able to calculate the benefit received under the formula of simple interest (the deposit amount is multiplied by the percentage rate and term of the deposit and is divided by the number of days in a calendar year), that is, simply put, your 10% will be indeed 10%. Put 100,000 rubles. for 365 days at 10% - took a year 110.000 rubles. The contribution can be identified without capitalization, see the description of the word: "Interest is calculated at the end of the deposit period", "Interest is calculated on a monthly basis separate account "(in the latter case you can or can not operate them, depending on other conditions, but they are not capitalized will).

If you choose a contribution, deduction of interest which takes place at the expense of deposit monthly / quarterly or other intervals, such a contribution is called contribution to the capitalization of interestAnd he implies that in each subsequent month (with a monthly capitalization), the bank will charge interest already at an amount equal to the original amount plus interest for the last month.

How often are capitalized, the more money in the end you will take. For example, if you put 300,000 rubles. under 10% per annum for 360 days, at the end of the deposit term, you will take away:

1. 329.589,04 rubles., If the contribution was without capitalization (with reckoning percent at the end of the deposit).

2. 330.701,53 rubles., If you choose to deposit with quarterly capitalization (percent were ranked at the end of each quarter, ie 4 times a year).

3. 330.963,96 rubles., If the contribution capitalization held by the bank on a monthly basis (interest as members of the contribution at the end of each month deposit).

It is obvious that there is a difference. And the greater the amount of the deposit and the longer the term, the more it is essential.
Actually, therefore, 10% do not always actually 10%. For example, the amount of income that will ensure the rate of 10% on the deposit without capitalization for the period of 1 year, you can receive, if you choose to contribute at the rate of 9.65% per annum with quarterly capitalization and 9.57% monthly capitalization. The longer the deposit, so, consequently, lower interest rates on deposits with a capitalization provides the same income as a higher interest rate on the deposit without capitalization. I made tabletWhich allows to calculate what interest rates provide the same income in different versions depending on the capitalization of the term. Use.

4. Check, whether you can open a deposit via the internet and in this case the conditions changeAnd release to your bank card to your account. Think about how you will replenish the account, if you (via an ATM / via Internet / will go and see the office of the bank or something else), how will you shoot, if you need it, how you will check and balance so on. Those. think in advance how you will arrange your own work with your deposit in the future, imagine that you have one and you need to handle it. It is also helpful to go to the bank and see how to construct the office work. For example, a friend of mine recently chose between the two banks. One of them gave deposit rates above 0.5%. A deposit via the Internet could not, or she would not, but in any case, she had come to the bank and saw that investors should stand in the same queue with those who are trying to get credit. After sitting in the queue for about 40 minutes, she realized that 7 of those people that were in front of her in turn, passed on the strength of two in 40 minutes. She decided that she hardly wants to interact with the bank, which is not ready to provide the best conditions for investors. And she went to another bank, whose office was good, actually just around the corner, and there happily discovered that the depositors of the bank are served out of turn. Those. and remote decision taken at home is not always enough.

I understand that the questions that I suggest you answer, really a lot. And it is impossible to give a universal recipe: carry so much to get something under a certain percentage, and you will be happy. Everyone has their own requirements for the deposit, but it is what you need to understand that you need to understand their own requirements for the deposit. Why do you want to save money? What is important to you: to be able to fill up, shoot, or vice versa does not have any access to the funds on deposit term, to protect them from themselves? The contribution of the proposed will provide you the maximum yield under these requirements? There are many questions, but to invest time in their answers means afford at the time of the deposit term do not worry about the money invested, and, in fact, allow your money to earn for you more. And remember that the English words for interest on the deposit and interest, hobby - homonyms (both - interest).