Which bank is better to put money at interest in 2020

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

Deposit rates have dropped significantly. Let's figure out which bank is better to put money at interest in 2020, according to experts.

In what currency to make a deposit

Modern Russian banks offer deposits both in rubles and in foreign currencies - dollars and euros. It is logical that investors are interested in which currency can bring them more profit in 2020.

It is difficult to determine the priority currency because many factors must be considered in order to predict the return. Some of these parameters are unpredictable. Suffice it to mention exchange rate fluctuations and inflation.

Experts differ in what currency it is best to put money at interest in 2020. Some of them argue that the ruble will fall, and therefore the owner of the deposit in the bank will be able to earn extra money on the difference if he invests in the dollar.

Other experts are confident that significant shake-ups for the Russian currency are out of the question. For this reason, the best option would be to choose the currency of the deposit in accordance with the actual profitability of such a deposit.

There are other recommendations, thanks to which you can choose the optimal strategy without conducting an in-depth analysis of economic factors:

1. Place deposits in the currency in which you received your funds. This will help avoid financial losses due to conversion.
2. To minimize potential risks, open at least 2 deposits: in rubles and in dollars.
3. According to experts, it is better to open a deposit in the currency in which they intend to spend money, if they ultimately go to personal needs.

The downward trend in interest rates on ruble deposits continues. Therefore, it is advisable to take into account real inflation when calculating the profitability of deposits in the Russian currency. Today it is about 7%.

If this indicator remains at the same level, then in 2020 the profitability of long-term deposits will be no more than two and a half percent.

Interesting! What will happen if you do not pay the loan

Financial forecasts from experts

The Central Bank cites information according to which the yield on deposits of individuals in the first ten days of January reached its minimum. This refers to the time period in the last ten years.

The level of this indicator was less than 5, 93%. Experts say that, despite the expected decrease in deposit rates in the future, in 2020 it will still go slower than a year earlier.

Yan Art, representing XCritical and serving on the State Duma's Financial Market Committee, argues that Russians should continue to keep their savings in foreign currency. He sees no significant threat to such deposits.

On the other hand, it is also important what these savings are made for. The specialist says that the euro cannot be profitable for investors due to zero key rates in European countries. Now, in three countries at once, there is even a minus key rate for this currency.

With regard to the dollar, the expert says that he sees a positive trend in this currency. In his opinion, the USD is gradually stabilizing. Art believes that in the coming months there will be a slight depreciation of the ruble against the dollar. At the same time, the rates on deposits will remain at about 1%.

In search of the optimal solution

Despite the unpredictable situation in the financial market, you can find an alternative to deposits in foreign currency. Ivan Kapustyansky, Lead Analyst at Forex Optimum, advises Russians to consider individual investment accounts for themselves. He also draws attention to the opportunities provided by accumulative investment life insurance.

The expert claims that, in addition to income, which can be put on a par with the profit on standard deposits, you can get a tax deduction for personal income tax of 13%. Thanks to this, in general, profit is possible from 11 to 19% per annum and even more.

But there are also some disadvantages here. Such investments are not as reliable as bank deposits. In addition, you have to take into account all sorts of payments and commissions, according to the analyst.

Ilya Tsarfin, head of the client analytics department at BCS Premier, draws attention to the fact that it is not worth keeping money in an account just to receive a tax deduction. He advises purchasing securities into an individual bank account.

The expert designates government bonds as a good instrument, in which he does not see significant risk. Compared to deposits, there may be a profitability that exceeds deposits by 2, 5 times. There are also corporate bonds, but you have to choose reliable companies.

Reviews of Russian banks

To understand which bank is better to put money at interest in 2020, you should study the offers on deposit products of the largest organizations. According to experts, they are also key objects of attention for an investor who chooses a suitable product for himself.

Sberbank

This bank is considered one of the most reliable and popular in the country. If you ask experts for their opinion, no matter how attractive the prospect of ruble bank deposits may seem for Russians, they advise avoiding them.

Representatives of the SimpleEstate investment platform pay attention to the fact that such deposits fix a certain amount in rubles, which is returned in the end. If the ruble for some reason depreciates, then you will have to face actual losses.

Yet this option is considered a common way to save money in a crisis. Consider the most profitable options for deposits from Sberbank:

1. "Refill". You can open such an account for at least 1,000 rubles. for a period from 3 months to 3 years. The marginal rate is 4.15%. The final one depends on the term of the deposit and the amount invested. You can top up your account, but you cannot withdraw (even partially).
2. "Save". You can invest from 1,000 rubles. The maximum percentage is 4, 5, but may be less, depending on the term and amount. You cannot replenish or withdraw (even partially) money from the account.
3. "Manage". This product allows you to open an account for at least 30,000 rubles. at an interest rate of 3.8%. You can withdraw money, replenish your account, and the duration of the deposit is from 3 months to 3 years.

VTB

Another trusted bank that offers the following profitable deposits:

1. "Money box". You can open for any amount that the depositor can afford. Depending on the accompanying conditions, the interest rate can be up to 7%. The term of the deposit is not limited. You can both withdraw money and replenish your account.
2. "Profitable". The minimum deposit is 30,000 rubles. The maximum interest rate goes up to 5.33%. The deposit can be opened for a period from 91 to 1830 days. The possibility of deposits and withdrawals is not provided.

Vasily Karpunin, representing BCS Broker, points out that profitability increases as the risks are high. And any investment, in his opinion, is associated with them.

Gazprombank

If you do not know which bank is better to put money at interest in 2020, pay attention to Gazprombank. According to experts, one of the most attractive options is offered here.

The most profitable deposit from this bank is the "On Top" deposit. The interest rate on it can go up to 8.1%. But to open such a deposit, you will need to invest at least 100,000 rubles. The duration of the deposit is from 181 to 367 days.

It should also be borne in mind that in this case, a replenishment of at least 50,000 rubles is meant. annually. The investor will also have to choose the duration of the insurance contract. It can be from 5 to 22 years old.

Summarize

1. The choice of one or another financial and credit organization depends on the attitude of the potential investor to risk, as well as on what investment opportunities he is interested in.
2. If the goal is to get a guaranteed profit and not lose money, then experts agree that the dollar will be the optimal currency.
3. If, in addition to the ruble, another currency is not considered, you need to choose a trusted and reliable bank.