Life hack: how to increase money if you don’t understand cryptocurrencies and NFTs
Miscellaneous / / June 02, 2022
Why deposits are a good investment tool
No risk of losing money
The share price is fallsDynamics of quotations of shares of the Moscow Exchange / Moscow Exchange, then grows, and bitcoin in early May survivedThe price of bitcoin fell below $30,000. for the first time since July 2021 / News significant drop in exchange rate. If you want to build an airbag or save up for a big purchase, savings is a great option for these purposes. Savings are protected by the state insurance system: if the bank's license is revoked, you can returnFederal Law No. 177-FZ of December 23, 2003 "On Insurance of Deposits in Banks of the Russian Federation", article 11 100% of the deposit amount, but not more than 1.4 million rubles.
Guaranteed profit
You will know exactly how much money you will receive: just add the interest from the bank to the funds on deposit. This amount will not change - it will not be affected by energy prices or the political situation.
Still high returns
The rate on deposits depends on the key rate of the Bank of Russia. When in February the Central Bank abruptly
raisedThe Bank of Russia decided to raise the key rate to 20% per annum / Bank of Russia, it was possible to open a deposit under 20,5%Dynamics of the maximum interest rate (for deposits in Russian rubles) of ten credit institutions attracting the largest volume of deposits from individuals / Bank of Russia per annum. Now the key rate is 11%, but you still have the opportunity to return the previous yield. Read the life hack to the end to find out how to raise deposit rates in different banks.How to Build a Reliable Portfolio
1. Don't send all your money to one deposit
The same principle of diversification works here as with other investments. The decision to invest all funds at the maximum interest on one short-term deposit may not be the most successful. High rates are unlikely to last until the moment when the term of the deposit comes to an end and it is time to reinvest the money. Sending all funds to a long-term deposit is also risky: if you need to urgently withdraw savings, you can lose interest.
2. Open multiple deposits for different periods
For example, for three months, six months and a year. This approach will allow you to fix profitable rates. In three months, when the first deposit expires, you will withdraw money. They can be spent or sent back to the deposit.
3. Trust funds to different banks
So it will be possible to collect the most attractive offers on the market and protect your savings. However, each bank canFederal Law No. 177-FZ of December 23, 2003 "On Insurance of Deposits in Banks of the Russian Federation", article 11 insure up to 1.4 million rubles.
Follow the offers of banks from all over the country and open deposits online using the personal finance platform "financial services». Just one registration - and you can open deposits in different banks in one place. The site gives a bonus to new users and raises the bet any bank by 5%. If the bank has a maximum interest rate of 12.5%, then the platform will offer 17.5%.
«financial services” is a personal finance platform created by the Moscow Exchange at the initiative of the Bank of Russia. Here you can open deposits, receive loans, buy insurance and manage your products in your personal account online. And Finuslugah also has exclusive offers that cannot be found in offices or on bank websites.
Choose a profitable deposit