What does it mean without interest capitalization. Capitalization of interest on a deposit - what is it. Calculation of the size of deposits with capitalization

In this material:

What is the capitalization of a deposit? Any banking institution functions by attracting the financial savings of some individuals, giving them to others for a fee and making a profit from this. But in order to attract free capital specifically to your financial institution, potential customers - owners of free funds need to be economically interested, offering them the most attractive and favorable conditions.

Capital in the economy is a resource that can increase if it is properly managed. Both directly invested funds and interest can be capitalized. Capitalization of a deposit is an increase in its total size due to the accrual of simple or compound interest (discount). Interest is the bank's payment to the client for entrusting his capital to this financial institution. If interest is capitalized, then these are accruals made on interest already previously added to the deposit amount in previous periods of time. When using simple interest, they are not calculated on the amounts accrued for previous periods.

How is the amount of the contribution with capitalization calculated?

The calculation of the amount of deposits with capitalization in general is made according to the discounting formula:

BS \u003d NS * (1 + α) t,

where BS and NS are the future and initial amount, respectively,

α - the value of% added after the specified period;

t is the number of periods after which it is necessary to determine the amount with capitalization.

Accruals, depending on the terms of deposit placement stipulated by the agreement, can be made annually, quarterly or monthly, or once upon completion of the entire time of using the deposit. In the latter case, only the amount of deposits increases, and not interest. In all other options, both accruals and the contributions themselves are capitalized.

How to determine which investment is more profitable?

The more often % is charged, the more profitable deposits with capitalization are, as a rule, even though the % rate on them is usually slightly lower than the standard one.

Calculation of the size of the deposit according to the above discounting formula will be considered using the example of depositing savings of 100 thousand rubles. at 12% per annum for various possible accrual options:

• once after a year;
• quarterly;
• monthly.

Suppose that all the money added by the bank to the account during the year is not withdrawn by the owner until the end of the year. Based on this, we will calculate the amount of deposits with capitalization as of a year after they are credited to the account (Table 1).

Table 1.

Calculation of the size of deposits with capitalization

As can be seen from Table. 1, with the same annual interest rate, the most profitable deposit with its monthly accrual. However, in practice, in these cases, slightly lower rates are usually applied, since bankers seek to stimulate the placement of depositors' funds for a longer period.

Note that in the first of the options considered, no interest is capitalized during the first year of money placement. For this to happen, you need to invest money for a period of 2 years or more.

Candidate of Economic Sciences, occupation: teacher. The date: January 9, 2020. Reading time 8 min.

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Bank deposits have different investment conditions and % accrual. Most of the credit institutions use the practice of raising customer funds with the help of profitable products. For example, capitalization of interest provides for the periodic accrual of compound% on the initial payment. The process is specified in the contract, can be carried out monthly, quarterly, once a year, at the end of the contract.

If there are free funds, any citizen takes the opportunity to earn extra money, including by placing money on deposits. Profit accumulates accrued interest. But banks do not stop there and calculate further bonuses taking into account the previous ones.

Capitalization of interest on a deposit account is the accrual of profit not only on the principal amount, but also on income from it in the past. That is, in each new period of time, the capital will systematically grow. Profit depends on the amount and term of the deposit.

Quote : "The most outstanding discovery of man is compound interest," - Albert Einstein.

A few facts on the topic:

1. With the help of capitalization, the interest accrued periodically on deposits and the volume of investments are summed up.
2. Terms are indicated in the contract as monthly, quarterly, annual.
3. This concept should be distinguished from the capitalization of the deposit, when bonuses are accrued only on the initially deposited amount.
4. The compound interest formula is used to calculate.
5. The product is offered by all credit institutions that exist on the Russian market.

Reference. There are many bank offers on deposits with capitalization, but they have a significant drawback: the percentage on these accounts is less than on ordinary deposits.

Bonus accrual

Russian legislation provides for the rules for the operation of credit institutions. Documents describe all aspects of customer relationships. The norms for paying remuneration for the use of a bank deposit are regulated by the Civil Code of the Russian Federation (Article 839).

Capitalization provides for quarterly accruals, which, if not claimed, are added to the principal amount of the deposit. But credit institutions may indicate in contractual obligations other terms for paying bonuses, for example, monthly or once every six months, and sometimes at the end of the agreement period.

The Civil Code fixes the accrual of interest from the next day after depositing money to the deposit and until the last movements on the account. The calculation is made using an online calculator or a specialist of the bank department, but you can also calculate the income yourself.

The usual formula for calculating interest is:

Additional profit (DP) = Initial amount (PS) * days in the period (DnP) *% rate / day. per year (DnG) * 100.

Example . 10,000 rubles have been contributed. for 6 months at 6%. From here, the income will be: 10,000 * 180 * 0.06 / 365 = 295 rubles. 89 kop.

Capitalization is calculated using compound interest, which is also used in loan products:

DP \u003d PS * number of operations - PS.

Example . 10,000 rubles have been contributed. for 6 months at 6% per annum. Under the agreement, monthly interest capitalization is carried out, that is, there will be 6 interest accrual operations for the period, each from 28 to 31 days. For clarity, it is better to use the simple percentage formula at intervals.

Table 1. Calculation of income for six months with monthly capitalization

Reference . It is worth distinguishing between the frequency and capitalization of interest accrual. Since % can be calculated monthly, and added to the principal amount - quarterly.

What is more profitable

It is better to talk about how to invest free funds if there is a good example. On the chart, for example, you can see how profitable it is or not to use a deposit with a monthly capitalization.

For example, there is a need to invest 100 thousand rubles. for 10 years with an annual profit of 10%.

In the first year, it makes no difference to conclude a contract without capitalization or with it. Profit using complex calculations begins to grow significantly only from the second year. The exception is cases when the terms of the contract provide for a higher percentage for transactions without capitalization. In this case, banks are cunning, since the money on all deposits will grow evenly over several periods.

At 12% per annum, income will begin to differ (from 10% with capitalization) only after 4 years. The profitability of the conditions can be calculated using an online calculator or clarified with a bank specialist.

Compound interest brings more profit, this difference becomes more significant over time. The product helps to earn high capital, you just need to be patient. Such investments are designed for the long term.

The amount at a yield of 10% will grow by about 5 times in a few decades. As can be seen from the graph, investments have increased by more than 150% over 10 years.

Quote . “Under conditions of uncertainty, long-term deposits for several years also become uninteresting: customers are afraid to give money to the bank for so long…,” says Mikhail Matovnikov, chief analyst at Sberbank. Source: Vedomosti

With different types of capitalization with a deposit of 100 thousand rubles. for a five-year period at 8% per annum, there will be different indicators of the final income.

Table 2. Calculation under different conditions for accruing%

The more capitalization, the higher the profit.

banking products

Deposits with interest capitalization are a common phenomenon. Each credit institution has its own popular deposits that are profitable in a given period of time. For example, in Sberbank, the “Save” product can bring the owner a profit, depending on the amount invested - from 2.95 to 4.75%.

Before concluding a contract, the client must familiarize himself with the contract, study all the pros and cons. Many lending institutions are tricky with the terms of the loan. If there is no complete information on the site, it is better to clarify the nuances with a department specialist.

Table 3. Top deposits

Profitability on bank deposits is estimated according to several parameters. Of course, the interest rate plays an important role here. Many depositors only on the basis of it decide to invest their savings in a particular bank. However, there are types of deposits that even at a lower percentage bring more income. These include deposits with interest capitalization. The put forward rate becomes not the main indicator, but only the base value. Due to the capitalization of interest, the effective rate will exceed the declared value of the nominal interest income specified in the deposit agreement, that is, it makes it possible to passively increase your income. Capitalized deposits are one of the few forms of savings multiplication using bank deposits for depositors who prefer a passive way of earning income. Let us consider in more detail what capitalization is, why is it needed, what types are there, what type is the most profitable?

What is capitalization?

It is an important characteristic of bank deposits and represents the addition of accrued interest to the main body of the deposit during its validity period. There may be several such periods in the main period. As a result, the accrued interest is added to the deposit amount and new interest will be accrued on the increased amount. Thus, capitalization is an increase in the yield of deposits using the compound interest method, which allows you to increase the growth rate of the depositor's profit compared to calculating interest using a simple scheme, when income is accrued and paid at the end of the deposit term.

See also: Sanitation and revocation of a license from a bank

Why is capitalization necessary?

It allows you to get more income compared to types of deposits with a simple interest accrual at the end of the term. The effective rate allows you to evaluate the effect of capitalization. With its help, you can evaluate the offers of various banks.

Many investors always have a question: is it better to invest in a deposit at 10% per annum with interest accruing at the end of the deposit term, or to place it with a capitalization condition.

Let's do a simple calculation.

If you invest 100,000 rubles at 10% for 1 year, taking into account the payment of interest income at the end of the term, then the total amount to be received will be:

100,000+(100,000 * 10%)= 110,000 rubles

If we invest this amount under the same conditions, but taking into account the monthly capitalization, we get:

The effect of capitalization is obvious here. To get the same income, the rate on a deposit with interest accruing at the end of the term should be:

110 471/100 000 = 10,47%

The largest banks in the country offer deposits with the possibility of interest capitalization. However, the rates on them are lower than similar offers among other banks. VTB 24 and Sberbank offer placement of funds in deposits with capitalization and a choice of interest accrual period. The investor may, at his own discretion, choose several types of capitalization of his interest income. Calculate the effective rate (based on the nominal 10%) in each case using the formula:

• Monthly capitalization. It implies the accrual and addition of interest to the principal amount of the deposit at the end of each month. EU = 10.47%
• Quarterly. In this case, interest is calculated and added every three months. EU = 10.38%.
• Semi-annual. Interest is calculated every six months. EU=10.25%.

Thus, more frequent capitalization gives a higher income, so you should pay attention to offers with monthly interest capitalization.

See also: What are USSD requests and why are they?

Pitfalls that reduce the profitability of the deposit:

• Hidden fees for mobile banking, SMS notifications, fees for withdrawing cash from a deposit account, etc. These conditions may not be specified in the deposit agreement, since they relate to settlement and cash services.
• The right of the bank to change the interest rate during the term of the deposit unilaterally by notifying the depositor. The catch is that a person may not receive such a notification.

Thus, deposits with long-term capitalization are much more profitable than deposits with accrual of income at the end of the term, even if the rate on them is lower. When choosing this type of deposit, you need to be prepared for the fact that you will no longer be able to use your interest. It is worth remembering that each case must be calculated separately. You can calculate a deposit with different types of capitalization on our deposit calculator.

investor100.ru

What is the capitalization of a deposit in Sberbank

Often, when making a deposit in a bank and reading the terms in the agreement, depositors are faced with the concept of "capitalization". The question arises - what is the essence of this clause in the contract and is it profitable? The topic of our article: the capitalization of a deposit in Sberbank - what is it and is it worth taking this condition into account.

What is the capitalization of interest on a deposit?

Capitalization of interest is not only the accrual of income on the amount of the deposit, but also the addition of interest on interest during the entire term of the deposit, provided that the depositor does not withdraw income in the form of interest from the account.

Capitalization can be weekly, monthly, quarterly and even yearly. With a monthly, at the end of each month, interest will be accrued both on the entire amount of the initial payment and on the amount of interest for previous months. As a result, the interest rate becomes higher than originally specified in the contract.

Sberbank mainly offers deposits with monthly interest capitalization. The most popular among them are "Save", "Replenish" and "Manage".

Below we will give an example of calculating interest on a deposit with and without capitalization, and also compare the conditions.

Which deposit is more profitable - with or without capitalization?

At first glance, many will note that such deposits are the most profitable solution for investing their funds, since the total amount of the deposit during the entire period increases not only by the amount of the accrued base interest rate, but also due to interest, which is plus added to the amount of the deposit with accrued interest.

And this is true if:

• you have a number of deposit products with equal conditions for placing funds;
• compare the interest rate in the contract and the actual accrued annual income;
• you are ready to invest money for a long term (from 1 to 3 years).

At the moment, a deposit with capitalization is popular in many banks and occupies a large share of offers for deposit products. Any client will be able to choose the most profitable option for himself.

When choosing a passive source to receive income from free cash in Sberbank, the depositor should carefully study the conditions of the entire line of deposits and pay special attention to the interest rate on other deposits, in particular, those that do not provide for capitalization.

In practice, the following situation develops: for deposits with capitalization, the interest rate is not the highest, and among all the deposits offered, you can find more profitable investments. Especially often in Sberbank there are promotions on deposits with an increased interest rate, income from which can only be received at the end of the contract.

And now let's look at how interest is calculated on a deposit using the example of the "Save" and "Replenish" deposits.

"Keep" - a deposit for which the maximum interest rate is set among the basic deposit products of Sberbank. You can place funds both in rubles and in foreign currencies (US dollar and euro). The minimum deposit in rubles is 1000, and in dollars and euros - 100 USD, while the placement period is from 1 month to 3 years. The account does not provide for replenishment and withdrawal. The client has the right to withdraw accrued interest or leave it on the account for further capitalization. The annual rate varies from 4.40 to 7.76 in rubles, and in other currencies from 0.30 to 2.33%. If a client opens a "Save" deposit for 1 year, its yield is 5.96%, and taking into account capitalization - 6.59% per annum.

For the “Replenish” deposit, the main conditions are similar to the previous program, but in this case, replenishment of the account is provided, and the minimum period is 3 months. Also, the deposit has a monthly capitalization, which increases its profitability. The interest rate in rubles is 4.62-7.28% per annum, in foreign currency - 0.4-2.11% per annum. When making a deposit in the currency of the Russian Federation for 1 year, the rate is set at a rate of 5.64% to 6.27%. In foreign currency from 0.90 to 1.41% per annum.

What do the experts think?

Experts in the banking sector recommend depositors to be guided not only by the size of the interest rate, but also by the need and purpose of the investment when choosing a deposit. If the client plans to use the accrued income every month, then there is no point in opening an account with capitalization, because only the main part of the investment will bring profit.

To get the maximum income, it is best to open a deposit on which interest is paid at the end of the term, since usually the amount of annual interest on it is much higher.

Deposits with capitalization are suitable for those investors who are ready to place money in the bank for a long time and do not plan to use interest, or for those who have not yet decided on the most suitable option for themselves.

Summing up the article, I would like to note once again that the capitalization of the account is, of course, profitable, and each client should pay special attention to this. However, before parting with your money, it is very important to analyze the conditions for all deposit products and choose a reliable bank where your funds will be insured, and you will not only receive profit, but you will also be sure that you can withdraw the entire amount at any time. At Sberbank, today all customer accounts are insured for up to 1,400,000 rubles.

1sberbank.ru

Interest capitalization: what is it?

Deposit calculator Deposits in Sberbank Ask a question

Would you like to know what capitalization of interest on a deposit account is? Today we will reveal to you the essence of this banking term in as much detail as possible, and also, using an example, we will show the procedure for calculating the return on a deposit.

Many of us know the simple truth that money should not just lie at home under a pillow or mattress, it should work and benefit its owner. There are many ways to invest - in real estate, in business, in precious metals, securities, etc., but all of these are associated with a high degree of risk.

In the event that you have a small amount of money that you would like to invest in a reliable company and periodically receive profit from it, then for you the best and most convenient way to invest will be making a bank deposit. We recommend choosing large companies, they are listed in this article.

Before choosing a deposit program for yourself, you will need to decide on several factors that define this product, i.e. with its features:

• Minimum amount - how much you need to invest to open an account;
• Validity period of the agreement - how long the money will be in the bank;
• Interest rate - the percentage at which your profit from the placement of money will be calculated on an annualized basis;
• Ability to replenish or spend funds - these functions are convenient for those who want to be able to periodically increase the amount of their account to increase profits, or in urgent situations have a chance to withdraw money without compromising interest;
• Accrual and payment of interest - this usually indicates the frequency with which the bank will accrue interest to you and then pay it. These can be monthly, quarterly or annual payments, or at the end of the term of the contract.

In the descriptions of some programs, the client may come across such a term as "capitalization". To clarify: during capitalization, the money accrued for a certain period of time (per month, quarter or year) is added to the principal amount of your deposit.

The next time, interest will be charged on a larger amount, and the client will thereby receive more and more profit every month.

Thus, the income will depend not only on the amount of your initial investment in the account, but also on all accrued interest on it. A similar calculation scheme can also be called a compound interest deposit, because the final percentage is usually higher.

Let us clarify once again - if you choose capitalization as interest accrual, then you will receive all the profit at the end of the period of placement of funds you have chosen.

Now we will consider with you such a calculation using the example of the “Save” deposit in Sberbank.

Let's say you want to invest 100 thousand rubles for 1 year through a bank branch, while you are offered a choice of monthly interest at a rate of 7.7% per year or with capitalization.

In the first case, the formula is simple: Amount * Bet, the income will be as follows - 100.000 * 0.77 = 7700 rubles;

In the second case, the formula will be more complicated:

The calculation will be as follows: (-1) * = 7816.81 rubles, the effective rate will be 7.82% per annum.

If you do not want to independently calculate the capitalization of interest on a deposit on your account, then you can use our online calculator at this link.

If you want to know where it is better to invest money in order to earn money this year, then follow this link. If you are interested in deposits, then you can get acquainted with the best offers of banks here. Then follow this link. If you have a bad credit history, and banks refuse you, then you definitely need to read this article. If you just want to apply for a loan on favorable terms, then click here. If you want to apply for a credit card, then follow this link. Find more posts on this topic here.

What is capitalization of interest on a deposit account? How is interest calculated on a deposit with capitalization? Where to open a deposit with monthly capitalization and replenishment?

Hi all! I am with you again, Alla Prosyukova, one of the authors of the articles of the HeatherBober project!

The main rule of investing is: "Money should make money." Therefore, if you have a desire not only to keep your savings on a bank deposit, but also to increase them, then you will certainly be interested in getting to know the concept of capitalization of interest on a deposit.

This is exactly what will be discussed in the article.

In addition, I will give some useful practical tips that will help you avoid annoying mistakes when opening a deposit with capitalization.

Let's start, friends!

Deposits are a popular type of savings and preservation of funds among citizens of all ages with different levels of income.

And if any Russian can easily answer that this is the placement of money of individuals in bank accounts at interest, then not everyone knows what capitalization is.

Capitalization of the deposit- this is the addition of accrued interest for the period stipulated by the terms of the agreement to the principal amount of the deposit. In the future, interest will accrue on this added income, as well as on the principal amount of the deposit.

To finally clarify the essence of capitalization, consider an example.

Example

My neighbor Maria Ivanovna loves to save money "for a rainy day." She carries her savings to Sberbank, where she places them in deposits with capitalization.

So, for example, on February 29, 2016, she placed 300,000 rubles. at 10% per annum for 3 months, subject to monthly interest with capitalization. The result of such investment is presented in the table.

Calculation of interest on a deposit with capitalization:

Without capitalization, Maria Ivanovna would have brought income in the amount of 7,541 rubles, and on a deposit with capitalization, the income amounted to 7,604 rubles, that is, my neighbor received additional income from capitalization in the amount of 63 rubles.

2. How often can the deposit be capitalized?

Capitalization on bank deposits is provided for by the terms of the agreement for each specific deposit.

Banks set the terms of capitalization at their discretion.

As a rule, capitalization is carried out:

• daily;
• weekly;
• monthly;
• quarterly;
• semiannually;
• once a year.

Let's take an example of which capitalization scheme will bring us more income under the same other conditions.

Example

Let's say on March 24, 2016 we place 100 thousand rubles. for six months at 10% per annum, the deposit is not replenished, without the possibility of making debit transactions before the end of the term.

Comparison of income on a deposit depending on the conditions for capitalization:

The above example convincingly proved that the more often capitalization is provided, the more income the investor receives.

3. How to choose a deposit with interest capitalization - step by step instructions for beginners

So, we figured out the concept of capitalization and the timing of its implementation.

I propose to start reading the step-by-step instructions for choosing a deposit with interest capitalization.

Step 1. Choose a bank

The ability to open deposits online has significantly expanded the range of banking institutions for these purposes. If earlier Russians opened deposits in banks only in their city, now you can use the services of credit institutions from any corner of the Russian Federation.

It's great, of course! Only we, the depositors, have added a headache! The question has become more difficult to resolve. The choice has expanded significantly. And if you can visit a bank in your city, see what and how, collect real reviews from neighbors and friends, then it is impossible to do this remotely.

In such a situation, my advice to you: when choosing a bank, check out its ratings, financial situation (documents can be found on the Internet).

Visit the website of the Bank of Russia. In the "Information on credit institutions" section, you can find information on problem banks. Having selected a few of the most liked banks, proceed to the analysis of the conditions for the proposed deposits.

Step 2. We study the proposals for deposits

Read the conditions for deposits that most closely match all your requirements. Pay attention to the rates, the possibility of replenishment and partial withdrawal.

Replenishing an account and withdrawing part of the money from it is very convenient. If you are making long-term investments (from 1 year), then you may need to withdraw some amount. The possibility of partial withdrawal will allow you to do this without terminating the contract. Or you will have free money, which makes sense to put on an already opened deposit.

Do not forget to analyze the conditions for the capitalization of your investments, the timing of its implementation.

Remember our calculations and their result: the more often capitalization is carried out, the more income you will receive!

Step 3. Calculate the effective interest rate

To calculate the effective rate, you should use a special formula.

where: EU – effective rate, С – nominal rate (specified in the agreement), N – number of capitalization periods per year, m – number of repetitions of placement periods (if the deposit is placed for 1 year, then m=1, if for two years, then m=2, etc.).

Consider another example.

Example

Suppose we decide to deposit 50 thousand rubles. at 9% per annum for a period of 1 year with a monthly accrual of%, with capitalization. We substitute the available data in our formula and get:

So, according to the calculations, the effective rate is 10% and it is on it that our total income will be received.

It should be remembered that the replenishment of the deposit (if it is provided for by the agreement) increases the principal amount on which interest is charged. The larger the principal amount, the larger the amount of interest and capitalized income.

And vice versa - partial withdrawal reduces the "body" of the deposit and, as a result, reduces its profitability.

Step 4. Compare the results

Using the calculation methods presented above, you can calculate the necessary indicators for deposits that have aroused your greatest interest. This will allow you to make the final choice.

The main indicators compared are:

• deposit rates;
• terms of placement of funds;
• the possibility of replenishment / withdrawal;
• % accrual scheme;
• presence/absence of capitalization;
• prolongation - yes / no ( - prolongation of the period of placement of money).

Step 5. Choose the most profitable deposit

You open a deposit in the first place to receive additional income. So, this is the first thing that will matter when making the final decision.

Of course, it is necessary to choose the most profitable investment. However, remember that if the rate on the selected deposit is higher than the refinancing rate increased by 5%, then the bank will withhold tax at a rate of 35% from the difference. Let me explain with an example.

Example

The rate on the selected deposit is 17%. The refinancing rate is 10%, add 5%, we get 15%. Therefore, the difference will have to pay personal income tax.

Let's say we place 100 thousand rubles for 1 year at 17% per annum. The income will be 17 thousand rubles. The maximum non-taxable income is calculated at a rate of 15% (10% + 5%) and is equal to 15 thousand rubles. The difference is 2 thousand rubles. From it, personal income tax in the amount of 700 rubles will be withheld. (2000*35%).

4. Where can I open a deposit with interest capitalization - an overview of the TOP-3 banks

Almost all Russian banks offer deposits with interest capitalization. However, choosing a reliable bank with a good rate and capitalized interest becomes a difficult task for many citizens.

To make it easier, I traditionally prepared a selection of reliable banks with favorable conditions. Meet - choose!

is a universal bank of federal significance, which has been operating since 1990. The head office is located in Yekaterinburg.

13 branches of this credit institution are located throughout the Russian Federation and offer their clients - legal entities and individuals, as well as small businesses - a wide range of services and banking products.

Main services and products of UBRD:

• loans to individuals and legal entities;
• deposits;
• cards (debit and credit);
• transfers and payments;
• settlement and cash services;
• investment programs.

The basis of the Bank's resource base is the deposits of individuals. Individuals are offered to place funds at different percentages, the maximum rate is 11%. UBRD's arsenal includes replenishable and non-replenishable deposits, with and without capitalization, in rubles, foreign currency and precious metals.

All deposits (excluding deposits in precious metals) are insured up to 1.4 million rubles. More information about all offers can be found on the UBRD website.

Credit Financing Bank (BCF) is not a newcomer to the Russian banking market. It has been running its history since 1993. The Bank's branches in Moscow, St. Petersburg and Novosibirsk serve more than 9,000 individuals and more than 3,500 various enterprises and organizations.

Since 2005, BKF has been a member of the deposit insurance system, which allows private clients and individual entrepreneurs not to worry about their funds in amounts up to 1 million 400 thousand rubles.

Every Russian knows about Sberbank: pensioners receive pensions in it, enterprises and organizations of various forms of ownership and scale of business open settlement accounts and payroll projects, state organizations pay benefits and compensations with its help.

The main share of the shares belongs to the state. It is Sberbank that the Deposit Insurance Agency entrusts with payments to depositors of troubled banks.

The bank has the widest branch network, which allowed it to become its own for almost every Russian family.

Sberbank keeps up with the times, and sometimes is ahead of it, offering its customers the most advanced products and services. Remote channels of the bank make it possible to perform almost all types of banking operations without leaving home.

5. How to avoid mistakes when opening a deposit with capitalization - 3 useful tips

Now for the promised tips!

I am sure they will help you avoid mistakes and get the maximum income from investing.

Tip 1. Calculate the effective interest rate yourself

My advice to you - before you go to the bank, calculate the expected income based on the proposed conditions. Above, I showed you with an example how to calculate the effective interest rate on your own (or using an online calculator).

So you will come to the bank "fully armed" and will be able to compare your calculation with the calculation of the bank teller.

"The bigger, the better"- teaches us folk wisdom! So we try, regardless of who and what offers us, to invest money at the highest percentage. And in vain!

The reliability of a credit institution in the matter of deposits is the most important indicator. Indeed, in case of problems with the selected bank, the depositor may lose a significant part of the interest income, since its accrual stops from the moment the situation is officially confirmed.