A bank deposit is understood as placing a client's funds in a bank for the purpose of preserving and increasing them. For the opportunity to use the depositor's money, the bank pays interest, the amount of which determines the profitability. Interest rates on deposits depend on the following parameters:
currency (ruble, euro or dollar). The highest profitability is for ruble products;
amount. The more funds the client places, the greater the profit he receives;
duration of placement of funds in the bank. Long-term investments are in most cases more profitable than short-term ones;
the possibility of withdrawal or replenishment. Expanding the list of available operations reduces the size of the profitability.
Conditions for receiving a deposit
Each bank independently develops the conditions that must be met in order to deposit money at interest. The standard deposit parameters include:
currency (in most cases – rubles, US dollars or euros);
minimum and maximum amount of invested funds;
duration;
capitalization or withdrawal of interest for a certain calendar period;
interest rate;
the ability to replenish or withdraw money during the validity period;
non-decreasing balance;
Important now
December 20
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The Central Bank left the key rate at 21% per annum. What is poland number for whatsapp the reason and what should depositors expect
On December 20, 2024, the regulator held another meeting on the key rate issue.
Does the Central Bank's increase in the key rate help curb inflation?
A survey by the Russian Academy of Sciences found that only 10% of Russians believe that raising the key rate helps reduce inflation, the Vedomosti newspaper reports . We find out how the Central Bank's rate increase affects inflation.
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Arina Fanyan
Credit Editor
How the key rate affects inflation
Why the key rate hike in recent months has not helped reduce inflation
How the key rate affects inflation
First of all, the Central Bank changes the key rate depending on the market situation.
1. If prices are too high, the regulator raises the key rate.
This helps slow down the market: as interest rates on loans rise, they are less accessible to people and businesses. Then bank clients use deposits and savings accounts more often, as the rates on them also rise and it is possible to profitably increase savings. With a high key rate, there are fewer opportunities for consumption and investment. People spend less money and save more, and inflation slows down.
2. If prices do not rise too quickly or, on the contrary, fall, then the Central Bank can lower the rate.
In this case, people are more active in taking out loans at low interest rates, spending money more often and stimulating economic activity. Also, in this case, people are less likely to use deposits and savings accounts: the yield on them is too low. Business develops faster, since favorable interest rates on loans make it possible to expand production. This accelerates inflation.