Deposits for legal entities: rates

Banks offer financial services not only to individuals, but also to legal entities. For them there is the possibility of opening deposits. Moreover, each financial institution offers its own conditions. Deposits for legal entities are made out in many banks of the country. Read more about the service in the article.

Differences from account for individuals

Deposits have the following differences:

1. To open you need a passport and documentation for the organization.
2. The minimum is much higher.
3. Rates for legal entities are more favorable.
4. You can choose the term for placing the money yourself.
5. The tax service, PF and FSS must be notified of the opening of a savings account.
6. For legal entities, some banks have special offers.

Conditions

To make a deposit, the following agreements may be concluded between business representatives and banking organizations:

1. Term deposits.
2. Poste restante.

The applicant must provide documentation that includes many references. Before making a deal, you should familiarize yourself with all the offers. Moreover, it is necessary to consider not only the services of a bank that performs commercial activities.

The main nuances

If the entrepreneur or company has available funds, they should not be stored on a regular bank account, but on deposit. Typically, a transaction is executed with a bank that provides basic services. There are several reasons for this:

1. You can get additional income, but with a current account there is no such advantage.
2. It is not required to collect documentation, only a statement is needed.
3. Savings on commissions for transfers from accounts, as this is carried out within the same bank.
4. Obtaining favorable conditions, as there are special offers for regular customers.

But you can apply to open a deposit in another bank, if its program is the most suitable. Only then will it be necessary to go through the classical procedure of deposit processing.

Holding conditions

All enterprises have one or more settlement, current or budget accounts. An agreement is concluded with the bank during their execution. A financial institution may charge for some services:

1. Acceptance and transfer of funds from outside.
2. Fulfillment of the order of the owner of the account for transactions.
3. Disbursement of funds in the requested amount.

But it should be borne in mind that the company does not receive any income from stored funds. Therefore, if you have available funds, you need to open a special deposit.

Decor

Deposits for legal entities are as follows:

1. Open. Programs are drawn up for specific rates and can be either perpetual or act for some time.
2. Cells. This type of deposits allows you to transfer money, securities, precious metals for storage.
3. Closed. With this type of service, money is deposited with a banking institution. During the agreed period, they will be in sealed and sealed containers.

To make deposits for legal entities, you need to collect documentation and have large funds. The parties draw up a contract, after which the bank receives the assets for an interim order. Many people choose deposits for legal entities in Sberbank.

Where to go

Deposits for legal entities are issued by many banks. They are opened for a short and long time. The programs have high rates and flexible conditions. Popular offers include:

1. Milbank. A term deposit is made out for 365 days at 16%. The minimum contribution amount is 500 thousand rubles.
2. Sberbank You can invest up to 100 thousand rubles and more. The deposit rate for legal entities in Sberbank is set depending on the term and amount. The contract can be drawn up for a period of 31 days to 366 days.
3. "Asset Capital". The minimum investment is 50 million rubles, the rate is 16%. The program is valid for 6 months.
4. Rinvestbank. The minimum contribution is 2,922,015 rubles at 15%. The program is valid for 30 months.
5. RITS Bank. The minimum is 3 million rubles at 15.5%. A deposit opens for six months.
6. "Alfa Bank". The deposit rate for legal entities in Alfa Bank is from 8.2%. The program opens from 1 month.
7. VTB 24. You can invest from 100 thousand rubles. The deposit rate for legal entities in VTB 24 may be different. For example, for a fixed deposit it is 7.4%, it is executed up to 3 years.

Bets

Compared to deposits for individuals, for legal entities, deposit rates can be different. Their size varies in a wide range, since they depend on agreements between the parties. Deposit rates for legal entities in Sberbank depend on the amount and duration of the contract. The most profitable proposals are those in which there is a possibility of replenishment.

Requirements

Russian banks offer business representatives opening deposits, as they are profitable depositors. For them, there are no strict requirements, especially if before that they were regular customers. In this situation, a minimum of documents must be presented. At the same time, virtually every bank offers favorable conditions.

Documents

Deposits for legal entities in banks are made out only with the provision of documents. If the contributor is new, then you will need:

1. Statutory documentation (certified copies).
2. Registration papers (certified copies).
3. Registration documents (copies and originals).
4. Letter from the State Statistics Committee.
5. IP documents.
6. Power of attorney.
7. Cards certifying the signatures of persons having access to the deposit.

Early withdrawal

Today, Russian banks offer depositors to withdraw funds ahead of schedule. Just keep in mind that a lot of passive income will be lost. The reason for this is that the financial institution calculates interest on the stay of funds on deposit. Whatever deposit rates for legal entities may be, profit is lost with early withdrawal.

Deposit closing

To close the deposit, you must contact the bank in which the contract was signed. You need to take your passport and deposit documentation with you. If a plastic card was provided with the execution of the contract, then it should be returned.

The manager of the financial institution checks the documentation. The client needs to fill out an application. Based on this document, the deposit is closed and services are disabled. Money is returned to the depositor.

Advantages and disadvantages

Deposit programs that are created for the business have many advantages. In addition to obtaining passive income, customers are provided with the following advantages:

1. Deposits open for short and long periods, but there are unlimited programs.
2. If the deposit is provided at a bank that provides services to a legal entity, the documentation package is reduced several times.
3. For fixed deposits high rates apply.
4. Individual entrepreneurs and commercial firms are entitled to early termination of the agreement.
5. Clients do not have to take out insurance.
6. If legal entities and individual entrepreneurs provide a certificate of deposit with a financial institution, they do not need to notify supervisory authorities of the opening of a deposit.

Available Operations

With a deposit account, you cannot transfer funds to other persons. It can be used as an additional settlement. Funds will be held for future transactions. The bank does not prevent the flow of money if it does not violate the terms of the agreement.

A deposit must be opened using funds that are not in circulation. To make a deposit, a company must have statutory and other documents confirming the work of a legal entity. After presenting the documents, you must sign an agreement and open a deposit. If the customer is regular at the bank, then a new, separate account will be issued anyway.

There may be several deposit accounts, which is very convenient. If you need funds, some part can be removed. Then the interest is not completely lost, but only partially.

Probable difficulties

The following violations may occur during deposit operations :

1. Lack of internal documentation that establishes the rules for conducting operations.
2. The deposit agreement does not contain information on the amount entered, the rate, the term or there are conditions that contradict the law.
3. Money for deposits is attracted even with the restriction or prohibition of operations.
4. The terms of accounting do not correspond to the terms indicated in the contract.
5. After the expiration of the contract, the balance is not transferred to the account on demand.
6. There is no deposit agreement with a personal account.
7. Interest is calculated incorrectly or late.
8. Funds are deposited or withdrawn in cash.

Thus, many legal entities may require a deposit. This will not only save funds, but also receive passive income from them.