From our favorite American television series, we know that you can live perfectly without working, receiving only interest on deposits. Many people who have free, so-called extra money, do not want to immediately part with them. After all, I want to invest these funds so that they subsequently generate income ... The simplest and most reliable way of such investments is deposits. However, not everyone gets the interest on the banks offered.
Is it possible to earn money on deposits so that they bring a significant and stable income? This question is asked by many novice investors. In order to find the best option for yourself, you will need to study in detail all the possible ways to get money from deposits.
Interest on bank accounts
Often there is a situation where people dream of quitting their unloved and boring work, which does not allow them to escape from the daily routine. At the same time, they dream of living on the interest received from a bank deposit. As much as possible?
How to make money on deposits in banks? First of all, this will require an impressive amount of money on hand. Otherwise, constantly occurring inflation will depreciate all savings, and interest in addition. Is the life of a rentier, that is, a person who lives on the income from his investments in a financial institution, so carefree?
Bank deposits are the easiest investment method. At the same time, a person practically does not participate in the process of increasing his capital. Financial organizations themselves manage the finances received in order to increase them.
How do banks earn money on deposits? As long as the money received from the population is in their deposit accounts, these organizations use various methods of generating income. Among them:
- Lending. How can banks manage to earn money with it? Initially, there is a raising of funds from the population with a proposal of a small percentage. Further, the same money is issued as loans to those who need them. The percentage is already set higher. Moreover, the difference is very noticeable. That is why household deposits are so beneficial for banks. If the term of the contract is long, then the financial institution manages to use its client’s capital several times.
- Money transfers. One of the functions of a bank is to receive and issue money through various systems. This, for example, Western Union, Hummingbird and others. When transferring from the sender, and sometimes from the recipient, a commission is taken, which amounts to a certain percentage of the amount transferred. If the bank is popular and large, then within a certain period the profit can become quite significant.
- Various services. Banks carry out currency conversion, interbank transfers, etc. All these services have their own fee. Their total amount allows you to get a solid income.
- Exits to trading floors where shares are sold and acquired. The bank also charges a fee for the purchase of these securities.
- Cards. Not all of them are free. The vast majority of service cards, through which users receive money and make payments, are charged a certain cost. It serves as an income for a financial organization.
Thus, banks are able to earn money using many directions.
However, before doing this, they need to raise money for their deposits. For both parties, they are beneficial. Nevertheless, when deciding how to make money on deposits with banks, you should be careful. Indeed, sometimes there are various seductive and tempting offers coming from unscrupulous financial organizations. In this case, there is a high risk of loss of savings, together with interest.
Yield on deposits
How to make money on deposits of Sberbank? For this, first of all, it is necessary to deal with their varieties. For individuals, banks have both regular and multi-currency deposits. Moreover, they are in rubles and in foreign currency. When setting the interest on deposits, all financial institutions rely on the information of the Central Bank of Russia, which reviews the key rate quarterly. Its value is taken into account by credit organizations.
How to make money on bank deposits? To do this, you need to view the most advantageous offers. The higher the percentage of the deposit, the greater the monthly income.
Amount to invest
How to make money on deposits at Sberbank? To get a tangible amount from such an investment project, approximately 3-4 million rubles will be needed. Only in this case it will be possible to become the owner of a good monthly income. But at the same time, it is worth remembering that you should not work constantly with the same bank.
The economic situation in the world and in the country is constantly changing. Financial institutions put forward new proposals, or even announce their insolvency. How to make money on deposits in banks in such conditions? To do this, you will need to constantly monitor interest rates and be sensitive to their changes.
Income from deposits
How to make money on deposits in a savings bank? Before you put your money into your account, you should soberly assess the situation, having decided which moments of investment are the most important for you. To do this:
- determine the amount that will be allocated for investment investments;
- choose the most optimal period during which the money will be used by the bank.
In this case, you need to decide on the following:
- whether interest will be charged every month;
- whether capitalization of the deposit is necessary;
- whether to consider a deposit option with the possibility of replenishment or partial withdrawal.
Deposits
It is beneficial for banks to attract customer funds for the longest possible time. And this rule persists even during periods of economic crisis.
The most favorable offers for deposits can be found in the list of deposits, the average term of placement of which is from 0.5 to 1 year, as well as 1-3 years. On-demand deposits, money from which you can withdraw at any time, have the smallest interest.
Dividend accrual
The most important issue that should be considered by the investor concerns the size of interest on investments, as well as the principle of their calculation. To date, banks use three approaches:
- Interest is accrued at the end of the deposit term at the time of termination of the contract. The amount of income is issued to the investor at the same time as the principal amount.
- Interest is accrued monthly and paid at the same frequency. A similar method is called simple.
- Interest is accrued at the end of each settlement period and is added to the main deposit amount. This option is difficult.
Capitalization
How can I make money on deposits? Quickly increase the amount of investment allows the capitalization of the money deposited in the account. With such a proposal, interest on the deposit is added to existing investments. In the future, income is already calculated for an increased amount. Each time, interest is accrued on increasing capital.
Possibility to replenish
A contribution with such an offer should be considered by someone who wants to manage the money at their discretion. In this case, you can replenish the account or withdraw the necessary amounts from it. But it should be borne in mind that under such a program, annual interest will be significantly lower than for other deposits. This is because financial institutions thus seek to reduce their risks in case the client wishes to receive significant funds from the deposit.
Remote Account Opening
How to make money on deposits? To do this, it is worth considering the option of remote opening a deposit. In this case, the investor does not need to personally come to the bank to draw up the contract. You can issue it on the Internet in just a few clicks. It should be borne in mind that banks stimulate the opening of deposits online and offer higher interest rates on them.
Financial institution reliability
When considering how to make money on deposits, it is necessary to clarify some information about the bank to which you plan to transfer the money. Each financial structure that works with individuals or legal entities is required to have a license from the Central Bank of Russia, allowing it to do this. Such a document cannot be issued to the bank if it does not have an agreement with DIA - the deposit insurance agency. All this removes the risks of investors from a possible loss of capital. Insurance of invested amounts is made in the range of 1.4 million rubles.
You should not make your savings in the accounts of those structures that do not have a license from the Central Bank of Russia, even though they offer higher interest on deposits. Indeed, in this case, the probability of losing all available finances is high.
Earnings on loans
How to carry out such a financial transaction? It turns out that you can earn with a credit card of the bank. Moreover, such operations are completely legal. The banks themselves are aware of them.
It is beneficial for financial institutions if customers actively use cashless payments. In this case, trade organizations transfer to banks the percentage of commission established by the contract. A part of such funds also gets to customers in the form of cashback. That is why, deciding to get a credit card, it is necessary to clarify all the bonuses offered on it, as well as the percentage of return money.
The scheme of earning by credit card is quite simple. At the same time, the user must know firmly the amount of his monthly income and determine the amount of free money. We give an example of such earnings. The monthly income of a credit card user is 30 thousand rubles. For domestic needs he needs 15 thousand rubles. The remaining amount should be put on deposit. In the interval before receiving a salary, you must use the limit on the card. It should be blocked on the date set by the bank. By this time, salary will be transferred to the card again, and money on deposit will bring interest income.
A user who has not fully spent his limit funds can additionally replenish their open deposit account with them. Earnings for the year at the same time can result in a decent amount. But to get extra money, you will need to pay off your loan debts on time. Otherwise, the bank will issue a debt for delay.
Using the power of the Internet
Knowing how to make money on loans and deposits, consider other possibilities. To do this, you should turn to the Internet, on the pages of which there are many offers for quick and easy income generation, making investments in various projects.
Unlike banks, the World Wide Web offers fairly high dividends. Sometimes their size reaches 400% per annum. However, it should be borne in mind that when implementing such a project, there are great risks of encountering scammers and being left without savings. And yet, how to make money on deposits on the Internet?
PAMM accounts
What is this way of earning? In this case, the user will need to open an account with a brokerage firm that specializes in trading operations conducted on currency exchanges.
Deposits are used by the trader. He uses them as an investment in any highly profitable projects. The income received is divided between the broker, the intermediary site and the client, based on a previously concluded agreement. A significant advantage of this direction is the lack of the need to bargain independently.
How to make money on deposits on the Internet, getting the largest possible amount? To do this, it is recommended to register simultaneously on different sites, having several PAMM-accounts. Return on investment in this case is fast. The yield is quite high.
It should be borne in mind that not all traders can be considered conscientious participants in this market. There are scammers among them. There is a chance that the broker will disappear, taking with him the money of the investor. An honest trader can also “burn out” if he invests the amount provided to him in unprofitable projects. In this regard, such investments are considered unstable and risky.
Binary options
How to make money on deposits? You can use binary options for this. They are a tool with which attempts are made to determine the exchange rate of currencies, stocks, gold, indices of various funds, as well as other financial indicators.
If the trader makes the correct assumption, he will receive up to 75 percent of the invested funds. If the attempts to determine the course are incorrect, then the investment will be lost. The advantages of such deposits are that the investor knows in advance the degree of risk from their actions and how much they can lose. In addition, the transaction amount can be declared any, even the smallest. Cons - a high probability of loss of savings.
Contributions to mutual funds
Similar tools have many reputable banking institutions. A mutual fund, or unit investment fund, is a portfolio in which customer savings are stored. Such deposits are placed by the credit institution in stocks or assets for profit. At the same time, the investor owes a predetermined percentage of income.
Earnings on mutual funds have their own advantages. Such instruments offer more favorable conditions than ruble deposits. However, it is likely that the investment will not be profitable, and therefore the investor will not have any income.