Which bank is better to invest money at interest in 2022 in Russia

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

Many analysts argue that bank deposits have lost their attractiveness for Russians due to the lowering of the key rate by the Central Bank of Russia. This forced measure was caused by the difficult economic situation in the first year of the pandemic. The stock exchange has become a new priority area for investments, but the increase in the key rate by the regulator gradually began to return interest in bank deposits. Comparison of offers will help determine which bank is better to invest money at interest in 2022 in Russia.

Overview of the current situation

The key rate is one of the main parameters that determine the success of the country's financial sector and banks (public and private). In 2020, the Central Bank repeatedly lowered this indicator until it reached a historic low. The percentage at which loans are issued to banking structures undoubtedly helps to minimize the cost of loans for organizations and the population. But it also lowers the interest at which the population can invest their own funds at the same time.

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The lower this level, the less attractive it is for potential investors who were forced to reorient themselves to other areas, including the stock market.

People who have their own savings, for the most part, prefer to receive passive income, rather than adrenaline, playing on the stock exchange or entrusting their money to brokers. Binary options trading, Forex and PAMM accounts look incomprehensible to a common man in the street and do not inspire confidence in him.

Individual deposits are always presented in a more reliable, traditional and proven way. Lowering the key rate played into the hands of those who wanted to take out a loan, but let down those who are used to making money on deposits and deposits. The country has an unfavorable situation for financial institutions, but in 2021 it began to gradually level out. There are already optimal answers to the question of which bank is better to invest money at interest in 2022 in Russia.

Up to this point, the Central Bank's review showed disappointing results, but the positive dynamics intensified when the regulator raised the key rate to 6.5%:

• interest on deposits in rubles began to grow;
• G. Vaschenko, Head of Freedom Finance, noted that the upward trend is gaining momentum;
• it became possible to move money invested on unfavorable terms to more profitable deposits;
• despite the tendency to close short-term deposits due to low interest rates, long-term investments began to grow again.

The answers to the question of which bank is better to invest money at interest in 2022 in Russia differ somewhat in the reviews from different agencies and financial analysts. But now this is not due to low profitability, but to an individual choice: a potential investor should focus on factors that matter to him. And bank deposits have again acquired the status of the most familiar and traditional way to invest savings with maximum reliability and receive passive income from them.

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Instructions from the experts

When choosing which bank in Russia it is better to invest money at interest in 2022, you need to focus on several important points:

• the reputation of a financial institution and its place in the reliability rating compiled by the Central Bank of the Russian Federation;
• an interest rate that allows you to ensure the maximum profitability in the necessary conditions or terms;
• the ability to perform actions with the account;
• additional conveniences - the minimum payment for maintaining the account, automatic renewal of the deposit, the ability to withdraw some money and not lose interest.

Money should work for its owner. If you do not provide, for example, automatic renewal, then immediately after the expiration of the term they will be returned to a bank account, where they will not be useful. But the client could open a new deposit on more favorable terms or continue to receive interest in automatic mode.

In 2022, the average key rate, according to the head of the Central Bank. E. Nabiullina, will be about 7%. This means that interest rates on deposits will also rise to become even more attractive to potential investors. Therefore, the information below may become irrelevant after the next increase in the key rate. Before placing money, it is better to study the most relevant offers and make the right choice, taking into account the corrections made.

Conscious choice

In August 2021, it became known about the return of interest on deposits to the level of December 2019. The average profitability of the deposit reached 5.3% per annum. This figure is the result of statistical calculations on several hundred deposits in several dozen banks. For financiers, this means a new rise in the index and a new stage of competition for investors and their potential money.

For the bank's clients, this is a rough guideline behind which more tempting offers may be hidden, but with mandatory conditions or not very convenient restrictions. This needs to be closely monitored: the survey showed that banks that provide the highest investment growth give 7-8% only to those customers who are connected to other products or fulfill the proposed conditions. Sometimes 1-2% costs people more than the expected profit from investments.

According to analytical agencies, today the consumer will be able to apply without fear to the following financial institutions:

• Gazprombank - a rate of 6, 6%, but subject to consent to investment insurance and an annual contribution of 50 thousand rubles. Prerequisites: interest is accrued only at the end of the agreed period, and ILI is one third of the investment.
• MKB gives 7, 7%, but on condition that the amount of the deposit is at least 2 million rubles, and the placement period is 1100 days, but without capitalization.
• RGS promises 6, 7% for 2 years, the minimum amount is 50 thousand rubles.
• SMP Bank, accepting deposits from 100 thousand rubles, promises for the year 7, 75%, an account without capitalization and without the possibility of replenishment.
• Loko Bank, accepting deposits from 50 thousand rubles for a period of a little more than a year, promises 7, 65% with a monthly interest payment.
• Renaissance loan pays 7.5% for 550 days without capitalization and replenishment.
• Having contributed 100 thousand rubles for 61 days. in Metallinvestbank, you can earn 7, 6%.
• 7, 5% will be given by the Ural Bank for a deposit of 50 thousand rubles. for 390 days.

Answering the question in which bank it is better to invest money at interest in 2022 in Russia, many experts cite Sber's deposits as an example, appealing to a sense of confidence and security. Turning to such a massive and reliable structure, the investor is guaranteed, without any doubt, to receive a small but reliable profit.

Deposits in Sberbank

The variety of products and the bank's reliability do not always serve as a sufficient guarantee of a profitable investment of capital. Sberbank has the highest percentage - 5.5% (“Additional Interest” deposit), however, some sources cite other figures, which are significantly lower.

Here you need to carefully read the conditions, since interest is charged for meeting the criteria - receiving a salary on the card, the duration of being in regular customers. In addition, there is no provision for capitalization, replenishment, or even partial withdrawal.

Sberbank offers from 0.01% (on demand deposit) to 3.9%, if a potential investor accidentally turns out to have “extra” five million in local currency.

Outcomes

The central bank raised its key rate and banks expanded their offerings to potential investors. Some financial structures offer quite decent interest rates and even without non-standard restrictions.

The forecast from analysts does not promise further growth of interest on deposits next year. The reliability and size of the bank is not always a guarantee of high rates. In Moscow and St. Petersburg, the most profitable investment is often in provincial banks from industrial regions.