Interest on deposits in. Currency and term structure of deposits

For many years, deposits in Sberbank of Russia have been the most demanded among the country's population. Although interest rates on deposits in Sberbank are not high enough in comparison with a number of other banks, Sberbank remains the leader in attracting deposits, as evidenced by statistical indicators.

Consider all the deposit products offered by the main bank of the country and determine the most profitable deposits at interest in Sberbank of Russia. But, first, let's analyze the changes that took place in 2013 in the field of interest rates.

Changes in interest rates on Sberbank deposits in 2013

In 2013, the interest on deposits underwent several changes.

At the end of March, rates on deposits attracted via the Internet were reduced. The next change in the direction of lowering interest rates took place on April 30, when the rates for deposits in foreign currency and for online deposits were lowered.

The third wave of interest rate cuts occurred on May 15, where ruble deposits have already undergone changes.
As a result of three reductions in the rates on deposits placed via the Internet, decreased by 0-0.05 percentage points, the rates on deposits from the base line decreased by 0-0.75 percentage points.

Time goes by and the percentage grows

Deposit "" is the leader among the deposit programs of Sberbank in 2013. Interest rates are 6.15-9.5% in rubles and are the most attractive in Sberbank. This is a ruble deposit, which is based on the principle: the longer the funds are in the bank, the higher the interest will be. You can place a minimum of 1000 rubles and for a period of 2 years. Interest rates are 6.15-9.5%.

Interest on term deposits

In 2013, interest on Sberbank's time deposits decreased by 0–0.75 percentage points.

Contribution " Save»In 2013 - one of the most profitable deposit offers of the bank. It is intended for depositors who are ready to place their funds and forget about them while they are on the deposit. By the way, it is allowed to choose the term of the deposit with an accuracy of one day. The minimum contribution is 1000 rubles. Interest rates in rubles are 4.90-8%, and in dollars and euros 1-3.25%. Interest is calculated monthly and can be paid to the depositor, or capitalized and generate increased income.

Interest rates on the deposit " Top up»In 2013 they amount to 4.85—7.25% in rubles, 1.10—3% in dollars and euros. Additional contributions are provided for the deposit. Moreover, you can replenish the deposit an unlimited number of times. When the next amount range is reached, the interest rate rises.

Contribution " Run"Is a convenient tool for managing your funds. By placing money in a deposit, you retain the ability to replenish the account, as well as to carry out expenditure transactions on it within the amount of the minimum balance. The range of interest rates on deposits is 4.05-6.5% in rubles and 1-2.8% in dollars and euros. Interest is paid monthly. To open a deposit "Manage" you need an amount of 30,000 rubles, 1,000 dollars or euros. The bank offers to place funds within this deposit for a period from 3 months to 3 years.

Table 1: Interest rates on term deposits in 2013

Donate Life

Among all the deposit offers of Sberbank there is a deposit “ gift a life ", Which is radically different from others. This is a combined deposit product that allows you to receive income and at the same time take part in charity programs. The term for placing funds is 1 year. The interest rate is set at 7.25%. Each quarter, deductions are made in the amount of 0.3% of the amount of the contribution to the "Give Life" charity foundation.

Multicurrency interest

The interest rates on the "" deposit in 2013 are: 5.30-6.10% in rubles, 0.01-2.7% in US dollars and euros. This deposit is designed for depositors who need frequent currency conversions. The minimum initial payment is 5 rubles, 5 euros or dollars, the placement period is from 1 to 2 years.

Interest rates on deposits online

Among all the deposits of Sberbank, there is a certain group of deposits that can be opened remotely using the Sberbank-Online system. Remote banking assistant allows you to make a deposit using a clear and convenient interface, performing step by step all operations. Not only is it very convenient, it saves time, but also the interest rates on deposits placed online will be much higher. For ruble deposits by about 1%, and for foreign currency deposits by 0.15%.

The Sberbank-Online system allows you to issue the following types of deposits: Save Online @ yn, Top up Online @ yn, and Manage Online @ yn.

Table 2: Interest rates on deposits online in 2013

Favorable interest on deposits for pensioners

For certain categories of depositors, such as pensioners, Sberbank offers special conditions for deposits. For example, placing funds in deposits " Save"And" Top up»Retirees can expect higher interest rates. On the first deposit, the yield ranges from 5.50% to 8.00%, and on the second from 5.55% to 7.25%.

There is also a special deposit program designed only for pensioners - the Pension Plus deposit. You can deposit funds for a period of up to three years and at a rate of 3.50%, if we take into account the conditions for capitalization of interest, then the actual rate will be 3.67%. The minimum amount for opening a deposit is 1 ruble. There is the possibility of replenishing the deposit, as well as withdrawing funds up to the amount of the minimum balance.

Table 3: Interest rates on deposits for pensioners in 2013

For those who are still thinking and do not want to somehow limit themselves at the disposal of their funds, Sberbank offers the deposit "". The interest on demand deposits is 0.01%.

Today Sberbank offers its depositors deposit programs for all categories of the population and with different needs:

• standard deposits;
• deposits through an online application;
• multicurrency deposits;
• deposits for pensioners;
• savings certificates.

Standard deposits

Standard deposits, or as the bank itself calls them " Term deposits"Are intended for both existing customers Sberbankand for new ones. In 2013, there are about ten of them.

By the form of storage, they are divided as:

1. Deposits with the right of replenishment ( "Top up", "Manage").
2. Deposits with partial withdrawal ( "Manage").
3. Deposits with monthly interest withdrawals ( "Save", "Replenish", "Manage", "Growing").
4. Deposits with interest withdrawal at the end of the term ( "Gift a life" (interest is calculated every 3 months), "Growing").

One of the above deposits can be issued for a period from 1 month to 3 years. The minimum amount of deposits is from 1000 rubles. Please note: the minimum deposit amount for the program "Gift a life" - 10 thousand rubles, for the program "Manage" - 30 thousand rubles.

Online deposits

What is the difference online deposits from deposits made directly at the bank? It's simple - interest rates on such deposits are automatically increased by 1% (if deposits are in rubles), in foreign currency - by 0.15%. The advantages of such deposits:

• we open a deposit without leaving home;
• customer-depositor service at any time of the day;
• replenishment of the treasure takes place without withdrawing cash from the card (if there is a card on which money is credited).

But such lucrative offers are necessarily accompanied by a significant disadvantage. And he is here. When making a deposit online, in the filling form you must provide the maximum amount of information about yourself, including from your personal life.

Sberbank offers depositors three online deposit programs: "Save OnL @ yn", "Replenish OnL @ yn", "Manage OnL @ yn".

Multi-currency deposits

Deposits for retirees

In 2013 Sberbank offers three types deposits for pensioners:

• "Save" deposit
• Deposit "Replenish"
• Pension Plus of Sberbank of Russia

The most profitable and convenient conditions contribution for pensioners the contribution is considered "Save"... It offers the highest interest rates available. deposits of Sberbank: from 6.15% to 8.7% per year. The percentage will increase depending on the term of the deposit under the agreement. This allows you to transfer a deposit from an existing program to a new one with more favorable conditions (if such appears). Interest is charged every month, but you will not have the opportunity to report money to the deposit.

Program "Pension Plus" most flexible in terms of conditions. Here it is possible:

• open a deposit from 1 ruble;
• top up at any time for any amount;
• partially withdraw money from the deposit;
• withdraw interest on a quarterly basis.

And here are the cons:

You can put a deposit only for three years, and the percentage will be half of the previous deposits - 3.5%.

Contribution " Top up»Provides an opportunity to replenish the deposit, but interest rates, unlike the program "Save", an order of magnitude lower from 6.05% to 8%.

Savings Certificates

Interest rates on deposits for different categories of the population

Interest rates on deposits with Sberbank grow depending on its duration: the longer the term of the deposit, the higher the percentage. Depositors Sberbank it is possible to open a deposit for a period from one month to 3 years.

When you open " Term deposit " for a minimum period, the depositor can receive from 4.55% - 5.15% per annum in rubles and 1% - in foreign currency. With a maximum term of 3 years, this percentage will increase to 7.25% - 8.75% per annum, in foreign currency - up to 2.8% to 3.25%.

Contribution "Growing" offers more favorable rates: 6.75% -10% per annum. The minimum term of the deposit is 1 year, the maximum is 3 years. To get 10% per annum, you need to place a deposit for 3 years and at least 1 million rubles.

For multicurrency deposits, they range from 0.01% to 6.8% per annum. The minimum interest is set for a period of one to two years with a deposit amount of up to 15 thousand rubles. From 15 thousand rubles, the percentage grows, starting from 5.65% per annum.

For deposits made through online bank, interest rates on deposits increase by 1% in rubles, and 0.15% in foreign currency.

What are the benefits of Sberbank deposits in 2013

1. Sberbank, as the main and largest bank in the country, regardless of the financial situation in the country, remains strong and reliable. This ensures that your deposits will not suffer in the event of another crisis.
2. Interest rates on deposits are quite high and are not inferior to many banks in Russia.
3. Today, Sberbank has more than 20 programs by which you can not only store your savings, but also increase them. Among them are programs for retirees, multi-currency deposits, online deposits, savings certificates.

The savings mood of the clients of the country's largest bank was improved at the very end of last year by raising rates on several deposits. Entering 2013, Sberbank still keeps the largest share of the savings of Russian citizens in its accounts. About 6 trillion rubles of private depositors account for 45% of the entire deposit market. Note that most of the investments were placed for a period of one to three years. Despite the fact that the Central Bank announced the recommended maximum rate of 9.65% per annum (based on the indications of deposit rates of the top ten credit institutions), the best yield reaches the 12.5% \u200b\u200bpoint with the leader of the Sberbank rating.

The deposit program includes 16 products, including classic deposits and complex programs. For pensioners, higher rates are provided (under equal conditions compared to others) on special deposits. Several savings accounts can be opened through a remote access system. Customers' preferences lie in the area of \u200b\u200bruble products, although Sberbank offers good conditions for savings in five foreign currencies. The share of the latter was either falling or increasing throughout the last year, but nevertheless by the end of the year it amounted to about one fifth of the total mass of private deposits.

Betting

As already noted, Sberbank's highest deposit rate reaches 12.5% \u200b\u200bper annum. Due to the nature of this product, it cannot be called a classic deposit for everyone. The terms in more traditional contracts provide for the highest yield of 9.75% (for the "Save Online" deposit). Such profit is accrued on savings over RUB 2 million. in the longest period. The minimum profit here is 6.15% for short periods. All products with the prefix “online” were conceived with a higher rate, exceeding by 0.5 points similar, but “office” ones, that is, those that open in a bank office, and not on a home computer on the Internet.

The rates in almost all deposits depend on the amount range and term of savings. For example, 1,000 rubles or 99,999 rubles invested in the “Top up” account will grow by 5.7% in six months or 6.4% in a year or more. The next segment of the sum range from 100,000 to 399,999 has a rate of 5.95% for terms of 6 months and 6.65% for terms of more than a year. For pensioners, there are already higher percentages, which do not depend on the amount. The six-month term of the “Top up (pension)” agreement provides for 6.7%. Investments lasting more than 12 months will already bring 7.4% to a depositor with a pension certificate.

The maximum rates for foreign currency savings in the “Save-Online” account in the traditional euro-dollar pair are as follows: 4.15% for US dollars and 4.65% for euros over a three-year period. For savings in other currencies on the "International" account, the highest yield reaches the level: 3.25% in Japanese yen, 3.5% in Swiss francs and 4.25% in British pounds sterling.

Terms and amounts

The shortest deposits are accepted for a period of 1 month on accounts: International, Save, Save (Pension), Save Online.

The most long-term ones have a duration of 3 years in all products, except for: Multicurrency, Give Life, Insurance Index plus, Insurance - PERSPECTIVE, Portfolio and Investment.

Clients have the right to fix the individual term of the account for any number of days within the minimum and maximum limits from 1 to 36 months, except for: Pension Plus (3 years), Give Life (1 year) and all structured products in which the duration is predetermined bank (1, 3, 12 months).

As for the minimum possible amounts, most deposits have a small first installment from 1 to 30,000 rubles or from 5 to 1,000 dollars / euro, except for the International (here the lower threshold is 1 million yen, 10 thousand Swiss francs or the same amount of pounds sterling).

Procedure for payment of income

The mode of accrual and payment of interest in Sberbank traditionally includes a schedule once a month, once a quarter, periodic rental payments or income at the end of the term. The terms of all classic deposits (except for "International", as well as accounts within the insurance programs "Insurance INDEX plus" and "Insurance - PERSPECTIVE") offer the client to independently choose whether to receive profit as an annuity or add it to the principal amount for capitalization.

The monthly procedure is valid in the contracts: Save, Replenish, Manage, Replenish Online, Save Online, Manage Online, Save (retirement), Replenish (retirement), Insurance - PERSPECTIVE, Insurance INDEX plus.

Once every three months, income is accrued in the following products: Pension Plus, Give Life and Multicurrency.

Profit is paid at the end of the term on accounts: Portfolio, Investment, International.

Control options

Additional contributions are provided in savings accounts: Top up, Top up Online, Top up (retirement), Manage, Manage Online, Pension Plus, Multicurrency. Here, incoming transactions are not limited in time. But we must remember that if, as a result, the capital increases 10 times, then the interest rate will be halved by the amount of the excess of the initial payment. The minimum amount of cash replenishment is 1,000 rubles. or 100 euros / dollars. Non-cash contributions can be transferred to the deposit. In this case, there are no limits on the amounts.

The boundaries for expenditure transactions are within the limits of receipt transactions. You can withdraw during the entire term of the agreement up to the amount of the initial payment in deposits: Manage and Manage Online. The Pension Plus agreement has almost no sum restrictions on expenditure; in order to preserve the contribution, you need to leave at least 1 ruble.

Almost all contracts can be closed early on favorable terms, except for: Give Life, Pension Plus, Portfolio and Investment. But the benefits begin after the sixth month of the deposit and consist in reducing the rate by one third. In other cases, the deposit interest is changed by 0.01%.

Since January 2013, we have published monthly a selection of proposals for bank deposits, choosing the maximum interest rate as the main criterion, including taking into account capitalization. In this publication, we will try to analyze the change in the average interest rate throughout the year.

For averaging, we took five maximum (taking into account capitalization) interest rates on ruble deposits and three on foreign currency. The results are shown in graphs 1-3.

Chart 1. Change in average interest rates on ruble deposits in 2013

Graph 2. Change in average interest rates on US dollar deposits in 2013

Chart 3. Change in average interest rates on deposits in euros for 2013

It is interesting to analyze the dynamics of changes in interest rates during the year. Consider the interest rates on ruble deposits. Over the year they decreased by 8.3%, with the lion's share of this change occurring in December - 3.7%. An even more impressive picture of interest rates adjusted for capitalization (effective interest rates). Over the year, this indicator fell by 12.3%, and in December the average effective interest rate fell by 5.7%! Such dynamics cannot be explained by any market mechanisms. The situation will become clear if we remember that on November 20 Master-Bank's license was revoked. At that moment, a mechanism was launched to revolutionize the Russian banking system. It is well known that the best way of progress is evolution, but Russia always and in everything gravitates towards revolutions.
Interest rates on dollar deposits demonstrated even more impressive dynamics. Over the year, they decreased by 20.2%, and over the last month of the year - by 9%. In our opinion, this is explained, on the one hand, by the processes in the banking sector, which were mentioned above, and on the other, by the expected depreciation of the ruble in the near future, and by Russians shifting their savings into foreign currency (the US dollar is the most popular in our country) ...
As for the European currency, its dynamics for the year was no exception. Interest rates on deposits in euros decreased by 13.3% over the year, and by 4.3% over the last month of the year.
We think that in the short and medium term, interest rates on deposits will continue to decline, but not as fast as in December. In the long term, if the Russian economy develops according to the worst scenario (very low or even negative GDP growth), interest rates on deposits may start to rise.