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2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44
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In December 2014, the dollar against the euro almost doubled and everyone who earned and kept money in rubles became poorer. If you want to postpone your savings for several years and not worry about such surges, open a multicurrency deposit. The method is not the most popular, but it is reliable.
What is multicurrency deposit
Such a deposit includes several accounts at once in different currencies, for example, in rubles, dollars and euros. Banks offer it so that customers do not lose money after the next jump.
If you keep your savings in one currency, then due to the unstable exchange rate, you can noticeably sink for several years. A person put aside for a car in rubles, but during this time the dollar jumped - and the car became 50 thousand more expensive. Or opened a deposit in dollars, and that one fell.
When savings are held in different currencies, volatile exchange rates are not dangerous because all currencies do not fall at the same time.
Where to open
Multi-currency deposit is not the most popular banking product. For example, Sberbank and VTB cannot open it. It's just that customers are much more likely to save money in one currency.
You can find a list of banks with multicurrency deposits on the Sravny.ru or Banki.ru website. But not all options are presented there. Therefore, if it seems to you that some bank is not there, double-check. Most likely, he simply refused a multicurrency deposit, but perhaps you are right and you will find a number of other offers.
Choose banks from the list of the Deposit Insurance Agency (DIA). If the organization collapses, your money will be refunded. Maximum - 1, 4 million in rubles at the exchange rate on the day of license revocation. But keep in mind that 1, 4 million is compensation for all cards and ordinary bank accounts, and not for just one multicurrency deposit.
What to look for
Interest rates. For a multicurrency deposit, the rates are usually lower than for individual deposits in rubles, dollars or euros. Consider this if profitability is the most important thing to you.
Interest capitalization. Look for deposits with monthly capitalization, so that interest is not charged at the end of the term, but every month for an increasing amount.
Currency ratio. It can usually be determined by yourself, but some banks set limits, for example, half of the amount should be in rubles.
If there are no restrictions, but you do not know in what proportion to distribute currencies, listen to Kudrin advised to keep money in three currencies of Alexei Kudrin and keep money in equal shares.
Currency conversion. Not all of them allow converting currency within the deposit, or only give this opportunity a couple of times. Make sure you can change the ratio when needed.
Why we advise
On the one hand, multicurrency deposits will bring less than conventional currency ones. But on the other hand, it will protect money even with a strong change in the exchange rate. If you store currencies on separate deposits and one of them starts to fall, you will want to withdraw money from this deposit. The interest will be burned. And on a multicurrency deposit, money can be simply converted.
Multi-currency deposit - for peace of mind.
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