Today, the Savings Bank offers its customers deposit processing, including opening currency accounts in Sberbank for individuals. You can open deposits in euros, pounds, yens and francs. But the American dollar is the most popular, since depending on the stability of the economy, the ruble may become cheaper or more expensive, and the US dollar has firmly consolidated its position in the currency market.
What are the foreign currency deposits in Sberbank?
Sberbank is constantly expanding its range of services. This also applies to deposits. Depending on which category a citizen belongs to and what are the conditions of investments, the most popular are the following ruble and currency accounts in Sberbank for individuals:
- Fixed-term deposits - differ from others in that funds can be deposited from three months to three years.
- Long-term deposits - this type of deposit implies that the contract will be valid for a limited time deposit only. As a rule, this period is from one month to three years.
- Deposits opened on the Internet - these deposits differ in that they can be opened remotely. In addition, regular customers are offered preferential terms, through which you can increase your income from a deposit, even while sitting at home at the computer.
Opening a foreign currency account with Sberbank has certain advantages and subtleties, so you should carefully study all the conditions on which a deposit is opened so that in the future there will not be unexpected situations and misunderstandings.
At what interest do dollar deposits open?
The final interest rate on any of the deposits depends on the amount placed on it and the validity period. Accordingly, the larger the amount and term, the higher the interest.
In addition, the bank has a Sberbank Online system. You can open a currency account there. For all deposits, when opening through the Internet bank, the interest rate is even slightly increased by 0.25%.
Bank consultants can also offer other equally favorable tariffs that are right for you. Now let's talk about each type of deposits separately - what they are, for how long they are opened, what interest they have, and so on.
“Save”
In general, even in ruble terms this is the most profitable contribution, especially for senior citizens, since it has the highest interest rate. A deposit is opened for a period of one month to three years. Withdrawal and deposit of funds on it are not provided.
"Replenish"
Less profitable contribution. The interest rate on it is slightly lower and amounts to 1.35-3.75%, but here the deposit is replenished throughout the entire term. Withdrawals here, as well as on the previous contribution, are not provided. It opens for a period of three months to three years. The minimum amount for registration is one hundred dollars.
“Manage”
This contribution is suitable for those who prefer to independently manage their funds. It provides for the withdrawal and deposit of cash, but this deposit will have the lowest interest rate, this should also be remembered. In addition, the minimum deposit amount must be at least a thousand dollars. This foreign currency account with Sberbank of Russia has an interest rate of 1.33 to 3.35%.
"Savings account"
There is one convenient type of deposit called “Savings Accounts”. The minimum interest rates have been set for them, but they are perfect for those customers who often have to withdraw funds, since such an account will be considered valid even with a zero balance, and interest will be charged on the remaining funds.
“Deposit of Sberbank of Russia”
Another popular among citizens of our country currency account in Sberbank. Interest on it ranges from 1.2 to 4.5%. This deposit opens from three hundred dollars. Validity can be from one month to three years.
How are foreign currency accounts opened in Sberbank for individuals?
In addition to the fact that an account can be issued in rubles, as mentioned above, currency accounts are becoming more and more popular. This can be explained by the fact that customers like stability more, investments are made in a more stable currency.
In order to issue an account, you should contact Sberbank directly. Details of the currency account will be provided to you at hand, if necessary. To open, just provide a passport.
A contribution is made within one hour. This is the most common procedure for bank employees, in addition, the employee will also collect all the necessary documentation on their own.
Before opening foreign currency accounts in Sberbank for individuals, it is imperative to consult and resolve all issues of interest so that no further misunderstandings arise. In addition, weigh all the advantages and disadvantages of investments for you.
Next, you should determine at what rate Sberbank will open a foreign currency account. A deposit card is not provided, but you can get the coveted plastic in dollars and replenish the deposit from it.
After the final decision is made, an agreement is signed with the bank. Then the client deposits the necessary funds into the account - and that’s all, interest will be charged. The minimum deposit amount will depend on which conditions the client has chosen. All currency deposits must be made in accordance with the law.
So, when you open a foreign currency account in foreign currencies, you will immediately have many advantages. Such investments have the highest interest rates, in contrast to ruble deposits. In addition, from other countries you can easily receive transfers and do not have to pay for their conversion.
Even if the money transfer is received by wire transfer, it can still be cashed. In addition, you can make translations yourself, as well as pay all kinds of services, for example, training or treatment.
In order to make the conditions for banking operations more convenient and profitable, the special service of the bank registers all the agreements drawn up, conducts social surveys among the population, and constantly monitors them, which monitors the dynamics and general situation of banking operations throughout Sberbank. Do not think that this bank is the only one. Other credit organizations have the same policies.
It is worth mentioning that any contribution is subject to compulsory insurance. There is also a special insurance agency for this.
For the reason that every day the number of people opening deposits becomes more and more, Sberbank increases interest rates in order to attract as many customers as possible. Unlike other banks, Sberbank has low interest rates on deposits, but it is steadily occupying its positions in the banking sector and you can not be afraid that a license will be taken from him, which has recently become a very frequent occurrence.
It is at this moment that it is very profitable to invest money and receive additional income, since the foreign exchange market is still the most stable and calm.
Analytical forecasts promise the onset of a big crisis, so you should have time to make a contribution so as not to lose all the accumulated funds.
But, even taking into account all the advantages that Sberbank deposits have in other countries’s currencies, it’s necessary to think carefully over and over again whether such a banking operation is right for you, since any deposit has certain risks and you can never know what will happen tomorrow.
The possibility of generating additional income from deposits always carries certain risks of loss. For this reason, each citizen must individually decide on the issue of opening a deposit. For a better choice, you should not contact the bank, where you, of course, will be told that it is worth it and it is very profitable. Think for yourself and make your choice.