The most favorable interest rates on deposits
The needs and desires of the depositor are decisive regarding the choice of a particular deposit . The depositor chooses for what purpose he opens a deposit: for accumulation, savings or calculation. High rates are a guide when choosing a deposit. Interest rates set by banks depend on the functionality of deposits. Time deposits can be divided into the following groups: savings, savings, as well as settlement. Partial withdrawals and replenishment operations are prohibited in savings deposits, however you will receive the most favorable rates. Regarding the savings deposit, where replenishment operations are permissible, the interest rate, in most cases, is lower.
People are often interested in questions such as “Where can I find profitable deposit rates in Kiev ?” or “What is the most profitable contribution for the year?”. There is a rule: the more money you invest, the more benefits you can get in the future. However, such a rule is not always relevant and not in all financial organizations.
Sometimes placing funds, say for two years, the interest rate may be less than for a period of one year. Not all banks are ready to offer a high, profitable interest on deposits for a long period, but they can fix their optimized level.
When choosing a deposit suitable for himself, the client, first of all, is guided by the most favorable interest on deposits. If the depositor is not going to withdraw interest in the form of money during the term of the deposit, it is better to choose a deposit with capitalization, since the effective interest rate will be more than the nominal. Frequent interest capitalization leads to high yield on the deposit.
Many consider it profitable to deposit with capitalization of interest every month, without the right to partial withdrawal. Such conditions push the investor to the accumulation of funds, with the help of an additional investment, which allows you to increase the amount by which interest will be charged.
But you should not give money savings to the first bank that came across, in which the manager colorfully described all the prospects for cooperation with them. It is worthwhile to carefully study the information and take into account all the nuances.
Typically, small regional banks that pursue an aggressive interest policy offer a high interest rate. Meanwhile, top banks are not trying to lure customers with a high percentage, they already have some advantages over small financial institutions: reliability, a wide service network, and reputation.
You should be aware of the upper threshold of the rate, – a bank that is law-abiding will never rise above, having hidden it from the attention of the regulator.