As a rule, the highest yield is for long-term deposits without the ability to manage the amount in the account. In this case, the investment is most predictable for the bank.
The more options available to the client, the fewer guarantees the bank has. In many ways, profitability depends on the possibility of partial withdrawal. Such agreements stipulate a minimum amount that cannot be withdrawn early. Anything that exceeds it is at the bank's disposal, but can be requested by the client at any time. This narrows the planning possibilities and creates additional risks.
The law prohibits the bank from changing the terms unilaterally. However, there are a number of reasons for which interest rates change.
It is important what is initially written in the contract. Fixed-term deposits with inflexible management do not change their yield. If they can be replenished, the yield can be progressive. Interest depends russia mobile database on how often and what amounts you deposit into the account. Often this scale is not linear. Interest can increase to a certain amount, and then not change or even fall. In such conditions, it is more profitable to enter into new contracts, rather than keep all funds in one account.
When the contract expires, the deposit formally ceases to exist. If you have not withdrawn the funds, the deposits become "on demand". Such accounts usually have a rate of 0.01%.
In case of early withdrawal, all income may be recalculated at a rate of 0.01%. This will be legal, since the client violates the original conditions.
How to choose a profitable deposit
The choice of deposit depends on a number of factors, including the amount, the ability to replenish and withdraw funds. For example, let's look at severalBank Sinara products:
The "Welcome" deposit is issued for a period of up to 1080 days. There is no possibility of replenishment or partial withdrawal. The deposit amount together with the income is paid at the end of the agreement. The yield is #rate#9613#/rate#. This option is suitable if you are sure that you will not need the deposited amount during the planned deposit term.
The "Ordinary Miracle" deposit is limited to 720 days, but its highest yield is in the first year. The product is open for replenishment. It is possible to withdraw income before the end of the term. You can transfer profit to a card or receive it in cash at almost any time. If you leave the income in the account, then capitalization of interest will occur. Further profitability will be calculated based on the actual amount, not the initial one. Profitability reaches #rate#37#/rate#.
The Pension Deposit is limited to 1080 days, but you can choose a shorter term. There are options for withdrawing interest, capitalization, replenishment and partial withdrawal. The yield reaches #rate#40#/rate#. To apply, you must fulfill one of two conditions