What deposits are the most profitable

In the 1990s, due to a serious crisis in the Russian economy, one could speak of a kind of crisis of confidence in banks on the part of Russian depositors. But the gradual stabilization of the economy led to the fact that the citizens of Russia again took their money to the banks. As a result, many became interested in the question: is it possible to somehow determine the most profitable contribution and use it? After all, banks offer a huge number of programs according to which people can invest their money and after a while get it back along with interest..

I must say right away that, even taking into account the noticeable interest, it is quite difficult to make money on a deposit. Unless we are talking about a deposit, on which an extremely large amount is immediately deposited. The fact is that interest on loans, first of all, allows you to insure money against inflation. In terms of profit, it is very small compared to many other uses of money..

As many people know, classic bank deposits are divided into two broad categories: urgent and demand. A demand deposit assumes that you can withdraw money at any time, having received interest, and the term deposit increases by the amount of interest specified in the agreement only if the money was withdrawn by you after the expiration of the agreement.

Nowadays, it makes little sense to put money for a significant period. The fact is that the situation in the economy sometimes changes so quickly that it is almost impossible to predict what will happen to money in five, and even more so, ten years. Short-term deposits are much more convenient. Unlike demand deposits, interest rates in such programs are usually higher, and if we compare them with long-term deposits, the risk of losing money, losing due to inflation, etc. is significantly lower..

As an example, you can indicate one of the deposits of the Bank «Regioninvestbank». This deposit is called «Classic» and, indeed, it is a convenient classic deposit. If you are going to use it, you can choose which period you prefer: three months, six months or a year. Accordingly, the amount of interest will vary depending on which deposit you prefer..

The main disadvantage of a short-term deposit is that it has to be renewed quite often. Accordingly, when choosing a deposit, you can pay attention to the deposit that does not require a separate procedure for extending the contract. Many banks offer deposits that provide for such an opportunity as automatic extension (prolongation) of the term of the agreement in the event that the client has not taken his money.