When free money appears, each person has a logical question: how to use it, so as not only not to lose money, but also to increase it? This article discusses such a method of investing money as the contribution of an individual.
Contribution - a way to increase money
Bank deposits, and in particular deposits, are a reliable source of income for individuals. If a person has money, and he keeps it “under his pillow”, then every year the purchasing power of the available amount will decrease. This is due to the inevitable annual inflation process. Every year, prices for goods and services rise, and the amount of money stored at home remains at the same level.
To prevent the “burning” of cash by inflation is one of the ways to increase it. For example, the owner of free cash or non-cash means of payment can invest them in construction, business and other industries. However, each investment entails certain risks. If an inexperienced person is going to invest, then the risk of suffering from the hands of scammers and making a deal with an unsuccessful project increases several times. But what about a population whose knowledge of financial markets is not so deep?
A great choice is a bank deposit. Income from deposits, as a rule, is up to 10% per annum, it covers the annual inflation rate. However, a bank deposit, the amount of which is not more than 1,400,000 rubles, is insured by the state, so that the depositor does not risk losing his invested money. In the event of a crisis or bankruptcy announcement, a client with an open deposit of up to 1,400,000 rubles will be guaranteed to return the money invested.
Basic parameters of bank deposits
When choosing the optimal product, as well as the bank itself, the client should take into account the following conditions for the deposit:
- deposit rate and term;
- deposit currency;
- the possibility of depositing additional funds to the account;
- early withdrawal of money and closing of the deposit;
- availability of interest capitalization;
- way of registration.
The interest rate indicates the income of the client and is expressed as a percentage for the year. As a rule, banks prefer to make deposits for long periods, so the interest rate increases depending on the term of the deposit. However, if the depositor for some reason closes the deposit ahead of schedule, then in such a situation the rate under the contract changes to the base one, which is several times less than the originally established one.
The deposit period is of two types: unlimited and urgent. An unlimited deposit provides for the possibility of replenishment of funds, and in most cases it is allowed to withdraw money from the account without reducing the interest rate, which, as a rule, is lower than for term deposits. A fixed-term deposit involves investing money for a specific period at a higher interest rate.
The deposit can be made in rubles, dollars, euros and other currencies.
If it is possible to regularly replenish the deposit, you should choose a product for which the addition of funds to the account is permissible.
If the financial position of the depositor is sometimes unstable and depends on external factors, then perhaps you should choose a product that provides for early withdrawal of money.
Capitalization is the addition of interest accrued over a specific period to the deposit amount for a subsequent increase and is an important parameter of any deposit.
Making a deposit is possible with a personal visit to any of the bank branches with the necessary documents or remotely. An example of remote registration is the VTB Seasonal Deposit 24. Customer reviews indicate that there are no problems with remote deposit processing via the Internet.
Why exactly the bank?
Today, for individuals with free money, there are many financial instruments available to increase money. For example, investing, purchasing securities, buying and selling foreign currency, investing in credit institutions and banks.
As already mentioned, a bank deposit is the safest way to save money, as well as increase them in quantity.
In financial markets, inexperienced users are more likely to stumble upon fraudsters in a particular industry. Successful work with securities and currency requires knowledge, and better - experience and practice.
Deposits primarily provide for the safety and security of funds. It must be remembered that in accordance with the Federal Law of December 23, 2003 No. 177-FZ, deposits in banking institutions are insured by the state. If the bank declares bankruptcy and its subsequent liquidation, the state will refund cash to individuals in the amount of up to 1,400,000 rubles. However, before opening a deposit with a little-known bank, you should check its information with the Deposit Insurance Agency.
Moreover, opening a bank deposit does not require much time or special knowledge. The conditions for deposits are quite simple and understandable to the average person, and in case of questions, they will be happy to answer a bank employee.
Bank "VTB 24"
VTB 24 Bank is one of the leading banks in the Russian Federation and operates in accordance with the CBR General Public License No. 1623 of 10.29.2014.
A wide range of services is available to VTB 24 customers: issuing loans, drawing up debit and credit cards, opening deposits, exchanging and buying currencies, remote account management and other important services for individuals as well as legal entities.
The deposit insurance system ensures the proper safety of VTB 24 deposits.
The Bank regularly holds promotions and develops unique offers. For example, every citizen can open a Seasonal deposit at VTB 24. The reviews speak for themselves: this proposal is worthy of the attention of everyone who selects a deposit with an optimal term and interest rate.
Deposits of individuals at VTB 24 Bank
VTB 24 Bank offers various deposit and savings programs.
The Bank launched a unique offer - deposit processing at a high interest rate in the first two months. More information about the conditions of the deposit in the following sections of this article.
A bank client can open a savings account with a base rate that ranges up to 8.5% per annum for an unlimited period. At any time, the client can withdraw funds from the account without losing interest accrued per month. It is also possible for individuals to open a savings account with an increased rate of up to 10% per annum.
Contribution "Profitable". The minimum term is 3 months, the maximum is 5 years. The interest rate on this deposit is up to 7.10% per annum. The investor can place money on the “Profitable” deposit in the amount of 200 thousand to 30 million rubles. The advantage of this deposit is the possibility of preferential termination of the contract.
The deposit “Accumulative” is drawn up in the amount of 200 thousand to 30 million rubles at an interest rate of up to 6.65% per annum. The minimum deposit period is 3 months, the maximum - 5 years. This deposit allows the possibility of replenishment for any amount on a monthly basis, and the accrued interest can be left by the client on the deposit or transferred to his own account.
The “Comfortable” deposit, by analogy with the previous one, is drawn up for a period of 3 months to 5 years in the amount of 200 thousand to 30 million rubles at an interest rate of up to 4.10% per annum. The depositor is available monthly replenishment of the deposit, and in addition, a partial withdrawal of cash without reducing the interest rate.
VTB 24, Seasonal contribution for individuals in 2017
VTB 24 customers are invited to take advantage of the limited offer. Having made the “Seasonal” deposit for 7 months, the client in the first months receives an increased interest on the deposit. The offer is valid for a limited time, so you should not delay the decision.
VTB 24: "Seasonal" deposit conditions
The client can get the maximum benefit by taking advantage of the special offer for investors.
The conditions for the “Seasonal” deposit are quite flexible and loyal.
Opening a deposit is possible from 30 thousand rubles, the maximum limit has not been established.
The deposit is opened for a period of 7 months. The rate for the first month is 10% per annum, for the second - 10%, for the third - 8.75%, for the fourth - 6%, for the fifth - 6%, for the sixth - 5%, for the seventh - 5%.
Interest is not capitalized and accrued monthly to the master account.
The deposit currency is rubles.
Opening of a contribution in favor of third parties is not provided.
In case of early closure, interest is calculated at a minimum rate of 0.01%.
Disadvantages of the “Seasonal” deposit
- The “Seasonal” deposit does not provide for the deposit and partial (full) withdrawal of money from the account.
- There is no interest capitalization.
- Opening a deposit is available until 12/31/2017.
Advantages of the Seasonal Deposit
- Automatic prolongation of deposit.
- 10% per annum for the first two months.
- Monthly payment of accrued interest.
- Opening a deposit through the Internet.
How to open the Seasonal deposit in VTB 24?
A client can make a “Seasonal” deposit upon a personal visit to a bank branch or independently via the Internet. To make a deposit at a bank branch, the depositor will need the original passport and cash in cash or non-cash.
Conveniently, to open a Seasonal deposit, the client does not have to come to the bank office. You can make a special offer at home, having access to a computer, laptop or smartphone with Internet access. In this case, the money must be in non-cash form on a bank card or other means of payment.
Online deposits are made on the official website of VTB 24 commercial bank. To do this, log in to your account, then find "Deposits and Savings", select the product of interest. Using the prompts, fill out the registration form and follow the instructions on how to replenish your account and open a deposit online.
VTB 24, Seasonal contribution: reviews
In 2017, VTB 24 Bank launched a universal offer. Thanks to him, each client has the opportunity to open a Seasonal deposit for a period of 7 months.
Reviews on the contribution “Seasonal” 2017 (VTB 24) for the most part contain a positive assessment of such a proposal. This is not surprising: the term of the deposit is small, but the interest rate for the first two months is 10% per annum. In addition, making a deposit is possible directly from home through the personal account of the client, which, of course, is an advantage for busy citizens.
Negative feedback on the “Seasonal” deposit shows regret due to the fact that, according to the conditions of the deposit, it is not possible to replenish the account and early withdraw money without losing accrued interest. And also customers are saddened by the lack of interest capitalization.
In general, the attitude of VTB 24 customers to the Seasonal deposit is positive due to the high interest rate for the first two months.
Conclusion
To save money, as well as increase it, the most reliable tool is a bank deposit. There are also other financial methods of investing money that require some knowledge in a particular industry. The bank deposit is insured by the state, and any citizen can issue it without special knowledge and skills.
The attention of people who are looking for a short-term deposit with an optimal interest rate is offered by VTB 24 Bank “Seasonal” deposit. The investor can get the maximum profit in the first two months due to the increased rate (10% per annum).
Reviews on the “Seasonal” deposit (VTB 24) for the most part have a positive deposit characteristic, which is due to the safety of depositors' funds and the proposed favorable conditions.