MOSCOW, October 13 - RIA Novosti. Since September, Russian banks have been raising rates on ruble and currency deposits, seeking to raise the money needed due to increased capital outflow caused by the threat of further Western sanctions, according to analysts polled by RIA Novosti.

The country's largest credit institutions - Sberbank, VTB, Alfa-Bank and others - are striving to bring the yield on deposits in rubles closer to 7% or more. The trend to raise rates, in addition, was set by the decision of the Central Bank to raise the key rate by 0.25 percentage points in September, bankers say.

Increasing profitability

On October 12, Sberbank raised rates on all deposits, the maximum rate, excluding special offers at the bank, is now 5.15%. But the largest bank did not limit itself to this and launched a "promo deposit" until the end of November, the range of rates for which varies from 6.5% to 7.15%

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Before that, in September, VTB also organized a promotional deposit with a maximum rate of 7.1% - it can be opened before the end of the year at any bank branch. And if you independently issue it via the Internet, then the maximum rate will be 7.3%.

Top managers of the two largest Russian banks indicate similar reasons for raising deposit rates. This and the rise key rate Central Bank, and the market trend, bankers say. Analyzing the offers of these and other banks, one can see that credit organizations are trying to offer deposit rates closer to 7% and higher.

So, for example, Alfa-Bank, following Sberbank, increased the yield on the entire line of deposits in rubles and in dollars. The maximum interest rate on deposits in rubles increased to 8.01% per annum, and in dollars - to 3.52%.

The MKB bank also needed currency: now the maximum yield on deposits in dollars will be 2.55% and 0.25% in euros. The bank promises an additional 0.15 percentage points to foreign currency deposits for connecting a service package with an annual payment.

Prior to this, the rates on a number of deposits were raised by Otkritie Bank. On one of the deposits, the bank tied the yield to the growth in the share of the client's investment and insurance products: if it grows, the rate may increase to 9.2%. For other deposits, the maximum rate reaches 6.9%.

Expert opinions

"The main reason for the growth in deposit rates is the increased outflow of capital abroad due to US anti-Russian sanctions, both put in place and expected," said Maxim Osadchiy, head of the analytical department of BKF Bank.

He cited the statistics of the Central Bank: the net export of capital by the private sector in the third quarter of this year increased 48 times compared to the same indicator last year - from $0.4 billion to $19.2 billion.

Banks are trying to be proactive, fearing a further increase in rates in the system, believes, in turn, the junior director for bank ratings agency "Expert RA" Ivan Uklein. Rates may rise due to geopolitical risks, the analyst believes.

Experts also agree that the increase in rates is the reaction of banks to the increase in the key rate of the Central Bank. Osadchy points out that the downward trend in interest rates on deposits ended in the spring, and now another trend is being formed in the market - a reduction in the excess of available money in the banking sector.

Uklein adds that rates on deposits, as well as on loans, may go up if the inflation expected by the Bank of Russia goes beyond its forecasts. This may be due to higher VAT and fuel prices, sharp fluctuations in the ruble exchange rate, or in the event of external shocks such as Western sanctions. Then the Central Bank will have to raise the key rate to curb inflation, and market players will respond to this by raising their rates.

“Whether the upward trend in rates will become sustainable and long-term now will largely depend on specific geopolitical decisions in October-November,” Uklein concluded.

Russian investors can finally tune in to a positive mood. Rates on deposits in rubles have been growing for the third month in a row, which means that we can talk about a trend. But how profitable is this trend?

Big Players Play Big

IN Lately more and more banks are increasing the yield on ruble deposits and introducing new deposits. Over the past week alone (October 15-21), at least 14 credit institutions raised rates, and six more banks introduced new deposits into their lines. In general, since the beginning of October, about 40 banks on their deposits. Some managed to revise the line up more than once.

The largest banks are increasing deposit rates on a par with regional ones.

The best yield on the "Maximum" deposit VTB 6.87% per annum when opening at a bank branch and 7.06% per annum when opening through an Internet bank.

Rosselkhozbank rates on a number of deposits. The interest rate on the “Profitable” deposit at the end of the term is now close to 8% per annum.

Alpha BanTo three deposits at once. For example, a deposit can now be placed at 6.6% per annum.

AB "Russia" raised the maximum rates on deposits and - up to 6.7% and 6.3% per annum, respectively.

On average, by 0.5 p.p. for several deposits at once and SMP Bank.

It is noteworthy that banks also raise rates on seasonal offers, which, as a rule, in themselves have a higher profitability than the main product line of credit institutions. For example, Post Bank recently increased the maximum yield on deposits to 7.5% per annum.

Also increased the rates on deposits for individuals UniCredit Bank, FC Otkritie, Binbank, Promsvyazbank, Russian Standard and others.

How rates are rising

In the market, in principle, there has been a forgotten trend. Since the third decade of August 2018, the maximum interest rate on ruble deposits of the top 10 deposit banks has been gradually but steadily growing. Thus, since mid-August, it has increased from 6.32% to 6.8% per annum. And this is undoubtedly progress for the current situation in the banking field.

To date, the profitability of fixed-term ruble deposits reaches , points out the head of analytics of deposits and deposits of Banki.ru Yulia Proshina.

"Traditionally, the most high stakes installed by savings deposits, without the possibility of replenishment and partial withdrawal,” she clarifies.

The rates are increasing not only for ruble deposits, but also for foreign currency deposits.

According to Proshina, recently the rates on deposits in US dollars have increased in Zenit Bank, VTB, Alfa-Bank, UniCredit Bank, Credit Europe Bank.

“Euro deposit rates are still at minimum values, but even here there is a positive trend. In October, VTB increased the yield on euro deposits by an average of 0.2-0.5 percentage points (up to 0.95% per annum), and Rosselkhozbank resumed accepting deposits in euro and set the yield on them to 1.2% per annum,” comments Proshina.

To all appearances, the trend to increase profitability has “responded” in the hearts of Russians. According to Deputy Chairman of the Central Bank Vasily Pozdyshev, the regulator began to increase deposits in the first half of October 2018. For example, from October 1 to October 15, deposits individuals under current credit organizations excluding the impact of currency revaluation increased by 1.2%. In August and September, there was a net outflow of funds from deposits in the banking system.

Will keep growing

Proshina predicts that at least the rates on ruble deposits have not reached their maximum yield and may jump by another 0.25 percentage points before the end of the year.

Experts agree with this opinion.

“With the advent of the new season, the trend has changed in the bank deposit market - the largest Russian banks are actively raising rates on deposits both in rubles and in dollars. This is due to several factors. First, in September the Bank of Russia raised the key rate from 7.25% to 7.5% per annum, which banks are guided by when setting deposit pricing principles. The second is the growth of inflation, which, according to expert opinion, to end current year may grow to 4% per annum, which is due to the weakening of the ruble and the planned increase in VAT from 2019,” says Vice President, Development Director retail business Mail Bank Grigory Babajanyan.

"The rates on foreign currency deposits will be affected by the sanctions."

Grigory Babajanyan, Vice President of Post Bank

Recently, banks have revised their tariff policy on deposits, in connection with which Babadzhanyan expects that the dynamics of growth in rates both for deposits in rubles and in foreign currency will continue. “But if the dynamics of rates on ruble deposits will depend on inflationary risks and the decision of the Bank of Russia to change the key rate, then the rates on foreign currency deposits will be affected by sanctions,” he clarifies.

They do not exclude a further increase in deposit rates in the Moscow Credit Bank(ICB).

“This is not excluded, since in general banking market there is a slight increase in rates on deposits both in rubles and in foreign currency, - commented Andrey Khramov, specialist of the Department for the Development of Deposit and Commission Products of the MKB. - An increase in rates always encourages citizens to more actively place funds in deposits, as customers often look at the interest rate first of all. At the end of the year, the savings activity of the population traditionally increases.”

Whether the upward trend in rates will become long-term will largely depend on specific geopolitical decisions in October-November, says Lyudmila Kozhekina, junior director for banking ratings at Expert RA.

“The increase in deposit rates is due both to an increase in the key rate in September and the desire of banks to accumulate liquidity against the backdrop of an aggravation of the geopolitical situation, including the risks of limiting transactions in dollars to Russian state-owned banks. Therefore, this trend is more clearly observed in state-owned banks. We expect that in the absence of significant fluctuations in the key rate by the end of the year, the rates for both ruble and foreign currency deposits will increase within 0.5-1 percentage points,” says Kozhekina.

"Now the contribution investment tool it can not be".

Natalya Smirnova, CEO"Emquart. Personal Advisor»

She also adds that before the end of 2018, it may be necessary to raise the key rate with a significant negative impact of new US sanctions on the ruble exchange rate.

“If the toughest package of sanctions (including restrictions on conducting transactions in dollars for state-owned banks) is not adopted, then the increase in the key rate will probably not exceed 0.5 percentage points,” Kozhekina predicts.

General Director of the consulting company "Emkvarta. Personal Advisor" Natalia Smirnova draws attention to the fact that a possible increase in deposit rates largely depends on the policy of the Central Bank, and it, in turn, on the stability of the situation in the country and in the world (especially taking into account sanctions), on the exchange rate (especially in critical situations of panic) and the dynamics of inflation in Russia.

“If the sanctions policy towards the Russian Federation continues to develop, the ruble exchange rate will continue to be unstable, inflation will grow, the Central Bank may continue to raise the key rate, after which deposit rates will also rise. And if not, then the situation will remain unchanged or even the rates will decrease, continuing the dynamics of recent years, Smirnova argues. “I think we will see which scenario we go before the end of 2018.”

At the same time, Smirnova argues that only those who do not know others can consider a contribution as a way of investment. financial instruments. “A deposit, if we do not take into account critical situations in the economy (as at the end of 2014), can never give a return higher than inflation, and therefore, it cannot be an investment instrument,” she concludes.

The growth of rates on bank deposits in rubles, which started at the end of summer, continued in September. Seasonal deposits with a higher rate of return (7% per annum) have already appeared. Experts tell you whether it is worth placing your funds on the proposed conditions, or it makes sense to wait for better offers to appear.

Post Bank offers until October 31 to open a ruble deposit in the amount of 50 thousand rubles. for a period of 367 days at 7% per annum. In Sberbank, until October 5, you can open a two-year ruble deposit in the amount of 10 thousand at 6.7% per annum. In VTB, under the same 6.7%, they offer to open a deposit online, for a period of 380 days and in volume from 50 thousand rubles.

According to Leading Analyst of Expert RA Agency Maria Zinina, the increase in rates observed since August is explained by the influence of a number of factors:

• First, it is the growth of geopolitical risks due to the possible further escalation of sanctions.
• Secondly, the desire of banks against the background of the depreciation of the ruble to reduce the risks of losing ruble savings of customers with their overflow into foreign currency.
• The third factor is the expectations of a tightening of the measures taken by the Central Bank monetary policy. On September 14, the Central Bank raised the key rate for the first time since 2014.

According to Analyst Alexey Antonov from Alor Group, a consequence of serious devaluation pressure on the ruble against the backdrop of declining in 2018. bank rates the emergence of significant risks of an outflow of funds from the population and organizations from ruble accounts. So, in July, the total increase in deposits of citizens throughout banking sector showed very close to zero values, which indicated the prospect of going into the red. It was possible to mitigate the negative after an increase in the average maximum bid top 10 leading banks to 6.55% (from 6.3%). As a result, the growth of individual deposits in August was higher than in July, reaching 1.1%.

Experts consider it possible to further increase the profitability of ruble deposits. Antonov believes that the weakness of the ruble, even after its relative strengthening at the end of September, remains obvious to citizens. Although the key rate was raised by 25 percentage points, for a radical turnaround in the market due to the growth in the profitability of ruble deposits, the rate needs to be increased to at least 8.5%. And this is unlikely to happen before the end of the year. However, already this autumn, an additional increase in the rate by 25-50 points is very likely. After the banks receive such a signal from the regulator, it is quite realistic to increase deposit rates in October-November, the expert sums up.

According to Deputy Chairman of the Board of Loko-Bank Andrey Lokshin, the smooth growth of ruble rates will continue until the end of 2018, and in December we can expect the appearance of really interesting offers on deposits in rubles. However, this growth will not be explosive. The maximum rate will increase by 1%, but only for long periods and large amounts. In October-November, you can count on an increase in profitability of a maximum of 0.5% relative to the current proposals, - the banker believes.

Even in difficult economic situation in 2020, there is an opportunity to invest money in such a way as to earn. One of the ways is to arrange a profitable deposit for individuals. But which of the most reliable banks in Russia today has the highest interest on deposits? The website agency experts analyzed the proposals of the largest banks in the country, compiling a review of deposits in rubles with favorable interest rates.

Deposits of individuals - a traditional way of investing money

There are many ways to invest in order to receive passive income. You can buy a currency and wait for it to rise in price, you can earn money on Forex, invest in a PAMM account, try to earn income by trading binary options and much more.

All these ways of making money bring fairly high profits, but they are also associated with a certain risk. Bank deposits individuals, and today remain the most reliable and traditional way investment savings in Russia.

Choosing the most profitable deposit: what to look for

When choosing a bank to entrust money to, depositors, as a rule, pay attention to at least two parameters:

• - the size of the interest rate, which allows you to choose a deposit with the maximum income;
• - reliability of the bank, which allows you not to worry about the safety of savings even during a banking crisis.

It can be quite difficult to combine a high interest rate and sufficient bank reliability. Analysts of the agency website tried to do this by examining the conditions for deposits in Russian rubles for individuals in reliable banks.

What deposits in reliable Russian banks are the most profitable today

Each bank has its own line of profitable deposits for individuals with unique conditions.

In order to somehow bring "to a common denominator" the parameters of contributions to different banks, we tried to figure out which are the highest interest rates in rubles are offered to those who intend to open a deposit today, in 2020.

For the purity of the experiment, we compared the rates in the largest Russian banks on deposits for a period of 12 months, since this is the most popular investment period. 1 million rubles was taken as the estimated amount. And they also tried to dismiss the so-called investment or complex proposals with the obligatory investment of money, insurance, mutual funds or shares. As a result, the following list was obtained (check the exact conditions and interest rates on deposits with banks).

Most profitable deposits in reliable Russian banks from the top 10

Credit Bank of Moscow

MEGA Online deposit

Replenishment / Without partial withdrawal / Without capitalization / Interest at the end of the term

Bank FK Otkritie

Deposit "Reliable"

Without replenishment / Without partial withdrawal / Capitalization / Accrual of interest at the end of the term.

Promsvyazbank

Deposit "My income"

No replenishment / No partial withdrawal / No capitalization / Interest at the end of the term.

Savings account deposit

Without replenishment / Without partial withdrawal / Capitalization / Interest accrual monthly.

Post-bank

Deposit "Capital"

Without replenishment / Without partial withdrawal / Capitalization / Interest monthly

Sberbank of Russia

Contribution "Save"

Interest rate

Without replenishment / Without partial withdrawal / With capitalization / Calculation of interest monthly. Banks of Moscow >>

The main types of deposits of individuals

Today, Moscow banks offer a large number of various kinds profitable deposits for individuals. But all of them can be divided into several groups:

✓ term deposits under the most high interest. By opening such a deposit, you give the bank your money for a certain period (3-6 months, 1 year or 3 years), and at this time you cannot take it back without losing interest or replenish your account.

✓ replenished deposits of individuals. By opening such a deposit, the depositor can save money by replenishing the account, and at the same time interest increases. However, it is impossible to withdraw funds from the account and not lose profitability.

✓ deposits with partial withdrawal funds without loss of interest. Such deposits usually have the lowest interest rates. But they make it possible to withdraw part of the funds up to a pre-negotiated minimum balance, on the amount of which interest will be charged.

Of course, in any unforeseen situation, if you need money ahead of time the end of the deposit, you can always get them, but it will be a pity for the lost profit. So, when you are going to make a deposit in a bank, it is better to decide in advance when you will withdraw money so as not to lose income.

How will the growth of the Central Bank rate affect the cost of lending for the final recipients of loans - the population and companies?

Loans are an illiquid instrument, its value, of course, increases over time, but there are market debt instruments, the cost of which reacts to changes in the monetary policy of the Central Bank more quickly. Take, for example, rates in the corporate bond market, which are a good guide to how much money can be raised on the market today. large companies. For example: the average yield of Russian corporate bonds with a rating of at least BBB- ( investment rating) at the beginning of 2014 was 8-9% per annum. On the eve of the rate increase, it rose to 13-14% (at the same time, the market already included in the price the increase in the Central Bank rate by 1-1.5%). Now the yield on these securities is 17-18% per annum. We see that the Central Bank rate has not yet increased, and the market has already included in the price of bonds the likelihood of such a development of events. It is clear that the cost of market loans immediately increased as well. Approximately in the same proportion, albeit with slight delay, the cost of lending for retail and corporate borrowers in the banking sector may also increase.

- Will the cost of raising funds by the banks themselves also increase?

It must be understood that refinancing in the Central Bank is only one of the sources of funding for banks on a par with own capital bank, funds in the accounts of companies and money of private depositors. Therefore, the cost of raising funds for the bank is somewhere in the middle between the Central Bank rate and the cost of other sources. At the same time, the key rate of the Central Bank is the cost of raising funds by banks for a week on bail. valuable papers, that is, it is more of a bank liquidity management tool, and not a full-fledged source of funding. Although there is a widespread practice in the market when banks are actively refinancing from the Central Bank due to the lack or limitation of other sources of raising funds. But one way or another, the level of the key rate of the Central Bank also affects the cost of all other sources of borrowing for banks. That is, a bank can take funds from the Central Bank secured by securities, or it can go to the interbank lending market, where big banks lending to small, regional credit institutions.

- And what about the deposits - will the rates on deposits of individuals increase?

An increase in retail deposit rates will also inevitably occur, but not instantly, it will take some time. In this market, the established order remains unchanged - the fashion in this market is set by large state-owned banks. That is, first, following the Central Bank, they raise deposit rates, and then other market participants, since there are unspoken regulator restrictions on the level of rates in commercial banks, which should not exceed 1.5-2% of interest on deposits in the top 10 retail banks of the Russian Federation. Now the Central Bank has expanded this bar to 3.5%.

- And how much will interest on deposits grow - is it really up to the level of the key rate of the Central Bank?

Of course, some high-risk banks will soon bring the level of interest rates on deposits to 17% per annum. Although this should not be expected from Sberbank. But here the main thing is to understand the cause-and-effect relationships. In itself, the increase in the Central Bank rate is a consequence of instability on the foreign exchange market and in the economy, followed by an inevitable run of savers. To prevent this, banks are doomed to raise rates on ruble deposits.

- And the decision of the State Duma adopted on Friday will help to reassure depositors?

For the population, this is an effective calming measure. After all, we have been living in a so-called default-free environment for many years. All last years the state assumes the risks of private banks to depositors, preventing non-repayment of deposits. And it is important that this situation remains unchanged. And God forbid, if this status quo is suddenly violated, then all these measures will be useless.

- Let's get back to lending, will the population and companies generally receive loans from banks at the new rates?

A couple of days ago it was about the possibility of freezing the entire lending market. But after the Central Bank announced measures to mitigate the consequences of the increase in the key rate for banks, and also agreed on the volume of additional capitalization of banks by the Ministry of Finance by 1 trillion rubles, the level of anxiety decreased slightly. But this does not mean that loan portfolio will continue to grow at the same pace in 2015. We will also observe a decrease in demand for loans in the context of a slowdown in the economy, which will be at least 1% next year. But the offer from banks will also decrease. Firstly, it will not be so attractive for companies and the population due to the increase in rates, and secondly, under the new conditions, banks will more strictly assess the creditworthiness of borrowers. Risk managers in banks are well aware of how the macroeconomic environment has changed, how people's incomes have changed. Therefore, they will be more strict in their choice of borrowers, and loan approval rates will change against bank customers.