If you still want to invest funds at a high interest rate, check the bank for three key parameters:
Participation in the deposit insurance system. All deposits kept in such credit institutions are insured for up to 1.4 million ₽. This means that you will not lose your own savings - the state will reimburse them in any case.
High rating from a rating agency. At least one of the agencies must evaluate the bank, and give a rating of at least B+ with a stable forecast. There are four rating agencies in Russia — Expert RA, ACRA, NKR, and NRA.
High ranking by asset size – being at least in the top 50.
If a bank participates in the deposit insurance system singapore mobile database and has high ratings, its deposit is one of the most reliable investment instruments. No one can give a 100% guarantee, but your risks tend to zero.
We have prepared some tips to help you find the best program to protect and increase your savings.
Keep an eye on the market
Track economic indicators - the Central Bank's KS, price growth rates, credit institution ratings, etc. This will allow you to find profitable and least risky offers.
Leave a safety cushion
The more profitable the program, the more restrictions it has. To make a profit, you will have to leave money in the account for several months or even several years. If you want to withdraw it, you will lose most of the profit. To avoid such losses, always leave free money for emergencies.
The financial cushion should be kept in a way that you can easily access. But at the same time, you can also earn money on it - for example, with the help of a savings account. Interest will be accrued monthly on the remaining amount.
Choose several investment instruments
Your investments in each credit institution are insured for up to 1.4 million ₽. This means that you should not keep savings in one place that exceed this amount.
Choose several instruments of different maturities - for example, a six-month deposit and a savings account. You can also consider investing in bonds and shares of large companies, buying gold and other reliable investment methods. All of them are considered conservative.