Almost all banks included in the sample of RBC, has left rates on deposits in January at the same level. Offer only the agricultural Bank has changed — there is a slightly increased yield of “Classic” Deposit in dollars in a short time. And the Bank is no longer possible to open the Deposit “Maximum percentage”, so in the study of RBC now consider the contribution of “Monthly income”. Because of this change decreased the average rate, calculated by RBC, the yield of a new Deposit in the Bank is much below yield the “Maximum percentage”.
At the end of January the average interest rate for deposits in dollars for the year amounted to 1.09% per annum, and in Euro for the same period of 0.4% per annum. In December, the average rate was slightly higher: of 1.14% per annum for deposits in U.S. currency and 0,43% in euros. Slightly less than decrease in the average rate on deposits three months deposits in dollars opened in January, can bring an average of 0.3% per annum, and deposits in the Euro — 0.16% per annum.
The highest rate of annual deposits in dollars now Moscow industrial Bank (IIB) and in the “Discovery” — the yield of deposits in these banks is 1.75 and 1.59% per annum respectively. Short deposits with the highest bid — in the same IIB and IBC. Both banks offer yields of 0.75% per annum on deposits for three months. On the second place — “Open” and the agricultural Bank, the rate in which amount of 0.35% per annum.
The highest percentage of deposits in Euro in the Bank “Ugra” and IIB. In the “Yugra” Deposit rate for the year is 1.4% per annum in the IIB annual yield of deposits “Classic” just below 1% per annum. Make some money on three-month deposits in Euro in the “Ugra” — in January a Deposit at the Bank, you can open the under 0.9 percent per annum. In two banks — IIB and IBC — the rate is 0.25% per annum.
In December, banks did not lower interest rates due to the fact that they have become less currency is a common situation for the end of the year, which accounts for the peak of foreign debt repayment, the analyst of Raiffeisenbank Denis Poryvai. Reasons for the further decrease in rates on deposits in dollars, the analyst sees. According to him, the yield on foreign currency deposits will remain the same because of the shortage of foreign currency liquidity and the gradual growth of dollar rates.
Consultant of consulting group “Personal capital” Dmitry Gerasimenko says that when choosing a Bank in which the investor plans to keep the currency, you need to pay attention not only on rate but also on the degree of reliability of the Bank. In the case of revocation of the license the customer will receive your money in the Deposit currency and in rubles at the Central Bank rate on the day of the review, he recalls. The same situation will arise if the Bank would impose a moratorium on satisfaction of creditors ‘ claims. In addition, when issues arise, depositors of bad banks may not find itself in the registry, which receives the DIA after the revocation of the license. In this case, the client will not receive the money immediately — first, the Agency will check to make sure that the investor really keep your money in a troubled Bank. So the return of the insured amount will take more time, emphasizes Gerasimenko and advises not to chase only for a high percentage.
However, to keep the money in dollars it’s worth at least half, says Poryvai from Raiffeisenbank. Great potential for the strengthening of the ruble even in the case of a rise of oil to $60 per barrel, there is, says the analyst. Instead, a correction of oil and the weakening of the ruble — this may be because inhibition of China’s economy due to possible protectionist measures of the United States. Therefore, to protect their savings of the savings shall be translated into dollars, says Poryvai.