VTB Bank: deposits 2021, current interest rates

Advantages and disadvantages of ruble investments

Despite the fact that at the moment the Russian monetary unit is in a weaker position in relation to major foreign currencies, placing deposits in rubles is not only advisable, but sometimes even more profitable.

The main advantages of ruble bank investments:

• increased interest rate;
• compliance with national currency;
• variety of banking products;
• compulsory savings insurance.

If we compare deposits in rubles and foreign currency in terms of interest, then the first rate is several times higher, which allows you to receive a more noticeable income over the year. Since acquisitions on the territory of the Russian Federation are made in the national currency, it is most rational to place money in it.

Disadvantages of investments include:

• relatively high level of inflation;
• unstable ruble exchange rate;
• limitation on the maximum insurance indemnity.

The advantage of higher percentages may be offset by devaluation or inflation. Thus, the difference between deposits in rubles and foreign currency at the rate becomes less significant. The main factor reducing the attractiveness of accounts in Russian monetary units remains the instability of the exchange rate. The current limit of insurance compensation is 1.4 million rubles. inconvenient for those who want to place large sums in one bank.

Receive favorable interest on deposits now

More details

Advantages of opening a foreign currency account at VTB Bank

Many banks now offer this service, but they all have different tariffs and conditions. At VTB, an account in dollars or euros can be opened remotely without coming to the bank. This is especially easy to do if you are already a bank customer. There are several types of accounts available for individuals; we will discuss this below.

You can open an account in foreign currency at VTB

Pros and cons of foreign currency deposits

Many Russians, who are faced with the question of whether to open deposits in rubles or foreign currency, opt for foreign banknotes. There are several main reasons for this:

• there is more trust in the dollar and euro than in the Russian ruble;
• the opportunity to earn money on exchange rates;
• availability of different types of foreign currency deposits;
• possibility of opening multi-currency accounts.

The main argument in favor of leading currencies remains a more stable and stronger position compared to the ruble. At the same time, you can make good money on the difference in rates. Opening multi-currency accounts increases their reliability and makes them less dependent on exchange rate fluctuations. As with deposits in rubles, currency is covered by insurance.

Among the disadvantages of foreign currency accounts it is worth noting:

• relatively low interest rates;
• expenses for converting foreign currencies into rubles;
• possibility of restrictions on foreign exchange transactions.

From the point of view of interest rates, deposits in rubles look more attractive than in foreign currency, although adjusted for inflation this advantage may not be so clear. Negative factors also include the need for conversion with inevitable monetary losses and the unpredictability of government financial policy.

conclusions

VTB Bank offers its clients services for opening foreign currency accounts, which can be settlement and savings accounts. For each of them, a large number of banking operations are available: replenishment, withdrawal, payment for goods and services, transfers. You can link up to 5 plastic cards to each. Unlike a deposit, you can withdraw money from a savings account at any time without losing interest. To obtain it, it is enough to have a Russian passport and SNILS. For persons without Russian citizenship, documents confirming the legality of stay in the country are required.

Recommendations for opening deposits

When deciding whether to open deposits in rubles or foreign currency, it makes sense to listen to the advice of qualified financial analysts. The basic principles of proper allocation of funds are as follows:

• It is worth storing money primarily in the currency in which you plan to spend it;
• when choosing deposits in rubles and foreign currency, you need to be guided not only by the interest rate, but also take into account the projected level of inflation;
• other things being equal, preference should be given to a more stable monetary unit;
• If possible, it makes sense to diversify savings by placing deposits in rubles and foreign currency in different banks or by opening a multi-currency account.

The procedure for opening a foreign currency account at VTB

If you are a bank client, then you can start the procedure by first filling out an application on the website. Anyone wishing to order the service must be over 18 years of age and have a passport of a citizen of the Russian Federation. This way you can open a savings account. The procedure will take a minimum of time. You will need to go to the bank to sign an agreement and receive a multicard. For persons who are not citizens of the Russian Federation, opening is possible only at a bank branch. Registration of a current account also takes place exclusively at a financial institution.

In which currencies is it better to make deposits in Russia?

In the near future, according to experts, no significant devaluation is expected on the Russian market. Therefore, it makes sense to open short-term deposits in rubles and leave the currency for other purposes. The US dollar is still a good choice for long-term investments. At “long distances” it always grows against the ruble. But the stability of the euro against the dollar is quite shaky due to political processes. Against this background, it is recommended to make different deposits in rubles and foreign currencies in equal shares or in the ratio of 50% in rubles to 25% in euros and dollars.

The most popular types of investments:

To draw up an agreement, you will need an amount of 100 thousand rubles if the account is opened at a bank branch, or 30 thousand rubles if you open an account via Internet banking. We talk about Telebank in detail here. To replenish you need from 1 ruble via the Internet.

It should be noted that all bank deposits can be made online, without leaving your home, as well as in favor of a third party. In addition, each program provides automatic renewal, which eliminates the need to come to the bank on the expiration date.

For all programs, with the exception of “Profitable”, additional cash deposits into the account are allowed - for ruble ones from 15 thousand, for foreign currency ones - from 500 dollars / euros. Interest accrues monthly, profits can be paid into the account or capitalized.

The higher the interest rate, the less opportunity you have to save.

Profitability of "Profitable" in rubles

The income received from the deposit depends entirely on the period of placement of the money by the client. In this case, the amount does not matter much - even if you deposit the minimum 30,000 rubles into the account, even a million - the percentage will be the same.

In general, the “Profitable” deposit from VTB offers a fairly average level of profitability, typical of classic deposits. This is expressed even in the minimum spread of rates - 6.30-6.50% for the base (nominal) rate and 6.33-7.16% for the effective (with capitalization).

More complete information on deposit rates is presented in the table:

And here’s another interesting article: Deposit from Sberbank “Meet Autumn”: new deposit for 2021

Interest is calculated monthly. They can be received in payments to a separate account or added to the amount of funds in the deposit (capitalized). The latter is preferable, since it allows you to receive an effective rate instead of the base, nominal one.

How to open?

Opening an account for an individual or making a deposit at VTB 24 Bank is not difficult. To do this, it is enough to already be a client of the bank and contact the office or call. If a person is not a VTB 24 client, but wants to open a deposit, then you need to take your passport and come to the nearest VTB 24 branch, and a bank employee will arrange everything himself.

The use of foreign currency deposits does not yet prevail over deposits in Russian rubles, but their number is increasing every day, since VTB 24 offers tempting and more accessible conditions for opening them, as well as favorable interest rates.

Having money freely available and watching it grow without putting much effort into it - who wouldn’t want to have such a “stash”? Keeping money under the mattress has long gone out of fashion and now people are trying to invest their savings either in securities or in VTB 24 for additional profit.

Related article:

What is a VTB 24 master account and why is it needed?

For VTB 24 Bank, a large flow of depositors is also beneficial, as it allows you to constantly have money in circulation and increase it with the help of a financial exchange.

How much can you earn on the “Profitable” deposit from VTB?

VTB Bank’s terms and conditions for the “Profitable” deposit allow you to earn only your bread and butter. Not enough for caviar, however. I made a table of the income that you can get if you invest 50,000, so it’s more clear.

For comparison, the same “Without a passport” from Sberbank for a year will give 3,500 against the 3,463.01 rubles noted in the table for 13 months at VTB. And the “Big Jackpot” from Alpha will bring 7,590 rubles in profit over two years (or more - 8,169 rubles, if interest is capitalized).

Withdrawing funds from a brokerage account

Withdrawal of funds from a brokerage account is carried out through the “my investments” application. Withdrawals are usually completed by the end of the next day and without commission, but only if it is not money received from currency exchange. These may include external details, that is, details of another bank and additional commissions will not arise here.

VTB writes that the money arrives in the bank account the next business day before 18:00 Moscow time and also recommends taking into account the trading mode, what does this mean: our stocks, funds, Eurobonds are traded in the T+ mode, 2 federal loan bonds in the T+ mode 1, that is, if you sold assets, then your application will already show the amount you received from the sale, but in fact the exchange needs 2 working days, one working day for the decree to complete the operation, take this into account if you want to quickly withdraw money.

If you withdraw money after exchanging currencies, then there is no commission up to 300 thousand rubles, and for everything above 0.2% of the amount is charged, but it can be avoided if the money rests in your brokerage account after the transaction for 15 business days.

An important point for IIS owners is that dividends and coupons received from stocks and bonds are transferred to a bank card, so you can replenish the IIS with this money and this will be considered the next replenishment and this will be reflected in the amount of the tax deduction received

.

VTB broker tariffs

In general, the tariffs are currently one of the most adequate offers on the market, because there is no fixed service fee. But you need to understand that VTB is now trying to increase its client base and is luring us with favorable tariffs. At what point will it decide that it has enough clients and can raise tariffs; we don’t know if conditions will worsen, but for now, of course, these are quite humane conditions.

My online

By default, everyone is assigned the relatively new “my online” tariff, at which the broker commission for transactions is 0.05% of the amount, the exchange commission for transactions is 0.01% and the service commission is 0 rubles per month + a fee of 150 rubles arises if you submit applications voice or in the office, but if suddenly you really want to.

Investor standard

The “investor standard” tariff is more suitable for those who make rare transactions, but for large volumes. The commissions here are slightly lower, 0.0413%, plus the exchange commission of 0.01% and a service commission of 150 rubles per month if there was at least one transaction. The first 5 orders by phone are free, then 99 rubles each.

Professional standard

The “professional standard” tariff is more suitable for traders, here the broker’s commission is tied to the daily turnover, there will be the same exchange commission and a service commission of 150 rubles if there was at least one transaction. If you invest:

• up to 1 million rubles - 0.0472%;
• from 1 to 5 million rubles - 0.0295%;
• from 5 to 10 million rubles - 0.02596%;
• from 10 to 50 million - 0.021248%;
• from 50 to 100 million - 0.0195%;
• more than 100 million - 0.015%.

The first 5 orders by phone are free, then 99 rubles each.

International guarantees

VTB offers the following types of guarantees:

• tender;
• payment guarantees;
• advance payment guarantees;
• performance guarantees (during the warranty period and separately after it).

By type of security, guarantees can be:

• without collateral;
• with cash support;
• secured by property (transport, real estate, equipment or other inventory assets in possession are considered).

Available currencies:

• basic (US dollars, yuan and euro);
• additional (currency is agreed with the bank).

Basic rates:

Qualified Investor Status

You can expand the standard list of financial instruments available for trading. You can add more than 10,000 securities traded on the world exchanges NASDAQ, Hong Kong and others. Access to the over-the-counter market is impossible for IIA owners and for investors without the status of a qualified investor.

To obtain the status of a qualified investor, you must meet one of the requirements:

• First, have property worth at least 6 million rubles. This could be deposits, money in accounts, stocks, bonds.
• Second, work in a company engaged in securities trading for at least two years, that is, be an experienced trader.
• Third, have a trade turnover of at least six million rubles over the last 12 months.
• The fourth requirement is to have a higher education in securities trading.

To obtain the status of a qualified investor, you need to prepare documents confirming the right to receive this status and, of course, submit them to the bank office.

Taxation

Deposits with an interest rate of 9% per annum are subject to taxation in accordance with the legislative code of the Russian Federation.
The percentage of taxes depends on the citizenship of the investor:

• For citizens of the Russian Federation – 35%.
• For people temporarily residing in Russia for a period of no more than six months – 30%.

The official website of VTB 24 provides information on each type of deposit separately and data on interest rates and their taxation can be found at any time in the public domain for the current period.