Experts calculate it taking into account capitalization
Posted: Sun Dec 22, 2024 5:27 am
When comparing offers from different banks, focus on this indicator as the most objective one.
When choosing a banking product, be sure to check whether you can replenish the deposit or withdraw part of the funds early. This is convenient, but, as a rule, the effective interest rate on such deposits is lower.
Advice from the bank
Another important aspect that is worth looking at is the terms of the extension of the agreement. You can extend the term of the deposit in person by visiting the bank office. In this case, a specialist from the deposit department will offer you to draw up a new agreement.
Otherwise, automatic prolongation may be philippines country code mobile number triggered. If the contract does not strictly stipulate the conditions for automatic prolongation, you may be unpleasantly surprised later. For example, with an interest rate that is less favorable for you.
Sometimes clients agree to the specialist's offer to credit funds not to a deposit, but to a bank card. But in this case, interest capitalization will not occur, which means there are no differences from a regular bank deposit.
Many credit institutions stimulate clients with additional pleasant bonuses. For example, Sovcombank offers depositors an increased return on deposits if they have a universal card "Halva" .
Roman and Marina, having calculated all the options, realized that it was most profitable for them to open a deposit with annual capitalization of interest without the possibility of early withdrawal of money from the account.
Passive income is not a dream, but a reality! Calculate your deposit yield on our calculator.
Calculate contribution
Deposit amount
When choosing a banking product, be sure to check whether you can replenish the deposit or withdraw part of the funds early. This is convenient, but, as a rule, the effective interest rate on such deposits is lower.
Advice from the bank
Another important aspect that is worth looking at is the terms of the extension of the agreement. You can extend the term of the deposit in person by visiting the bank office. In this case, a specialist from the deposit department will offer you to draw up a new agreement.
Otherwise, automatic prolongation may be philippines country code mobile number triggered. If the contract does not strictly stipulate the conditions for automatic prolongation, you may be unpleasantly surprised later. For example, with an interest rate that is less favorable for you.
Sometimes clients agree to the specialist's offer to credit funds not to a deposit, but to a bank card. But in this case, interest capitalization will not occur, which means there are no differences from a regular bank deposit.
Many credit institutions stimulate clients with additional pleasant bonuses. For example, Sovcombank offers depositors an increased return on deposits if they have a universal card "Halva" .
Roman and Marina, having calculated all the options, realized that it was most profitable for them to open a deposit with annual capitalization of interest without the possibility of early withdrawal of money from the account.
Passive income is not a dream, but a reality! Calculate your deposit yield on our calculator.
Calculate contribution
Deposit amount