In order to attract as many customers as possible, banks offer a variety of conditions for the placement of population funds, including an increased percentage of deposit. At the same time, there are other profitable methods of accumulation of finances that allow you to increase the initial amount several times. Let’s talk about this in more detail.
Types of profitable deposits in the bank.
For example, today a new type of deposit with capitalization is particularly popular, which is still not enough for most depositors. Nevertheless, employees of banking structures call such deposits extremely profitable for customers.
What is capitalization.
What is so special in the capitalization of interest? This term itself implies a quarterly or even monthly increase in the amount of money in the client account due to the increase in the interest accrued for the agreed period.
After another month or the quarter, the percentage of the deposit will no longer be credited for the initial amount, but on the deposit already on the deposit. As a result, income is growing much faster than on ordinary deposits, and the client receives maximum financial benefit. Today, most domestic banks can offer a similar type of investment.
Of course, deposits with capitalization imply a smaller interest rate, however, the final increase will surpass all expectations.
So, for example, let’s say,
You post 50 thousand to the usual contribution. rubles
with a bet of 12%,
As a result, the annual income of the client will be 6 thousand.
Under capitalization, already in the second month of storage, interest will not be accrued for the initial 50 thousand. rubles, and for 50 as a result, in a year the client will be able to withdraw his legitimate 56337 rubles from his account.
You can agree that in this particular case the benefit is minimal, however, the initial amount was far from the largest. Accordingly, it is more profitable to use such a deposit with a significant amount of funds.
In addition, with a long storage period, the financial benefit of the client will increase in geometric progression. For example, a capitalized contribution with an initial amount of 10 thousand. rubles is able to turn into 50,000,000 rubles after a hundred years, and under normal conditions, it is unlikely to exceed 100 thousand. rubles for a similar period of time.
Thus, the capitalization of interest will undoubtedly bring more dividends than ordinary deposits, especially if the deposit is placed for a long time.