Foreign currency deposits VTB 24 for individuals: conditions, interest and reviews

VTB 24 is the largest bank in Russia, actively working with the population, as well as with small business and medium. Formed in 2004 with the active participation of the Bank of Russia. The brand was registered in the fall of 2014. Today the bank is part of VTB's international group, which is represented by two dozen financial and credit associations in almost 20 countries around the world. VTB 24 covers all necessary range of banking services.

Reliability is guaranteed by the state

By offering currency deposits to the population , VTB 24 has developed three programs, each of which is available not only in the bank's offices, but also remotely, that is, registration is carried out using modern online services.

In 2004, the state in the legislative form strengthened the marginal security of household deposits, which led to an increase in deposits in foreign currency.

In VTB the share of foreign currency investments from individuals is steadily growing. Today it is already over 50%.

Insurance

According to the updated norms, the insured deposit will be fully reimbursed if its amount is less than or equal to 1.4 million rubles. The deposit will be recalculated at the rate applicable on the day the bank's license is revoked or bankruptcy is declared.

Open an account

Meeting its customers, the bank offers two options for opening a deposit. The first, more customary, is to personally come to any VTB 24 branch and arrange a foreign currency deposit for VTB 24 for individuals.

The second option is to open an online deposit. To do this, you must first visit the bank and, presenting a passport, enter data into the questionnaire. After registering the client in the database, he is given a login and a temporary password. The latter, if desired, can be changed by going to the online service on the bank's official website.

This option involves the automatic opening of just three accounts: in dollars, euros and rubles. The functional of these deposits does not differ from those opened in the bank personally. There are even some advantages. For example, the conversion of a currency deposit will take place at a more attractive rate than for customers in a branch.

Opening in the online system of foreign currency deposits, VTB 24 gives the customer access to their personal account. And this, in turn, gives the right:

• Place foreign currency on the deposit;
• Receive monthly interest, including in the hands and on another account;
• Replenish the deposit (if there is such an option in the contract);
• To withdraw money, if it is stipulated by the terms of the deposit;
• Issue an extract on monthly accrued interest;
• To close foreign currency deposits of VTB 24.

To use the online banking service there are special applications that allow you to apply them on mobile devices, laptops and stationary computers. In this case, the client needs a mobile phone number, to which the codes for confirmation of operations come.

Package of documents

To open a foreign currency deposit, you must have a passport of a Russian citizen, the original and a copy of the TIN.

Foreign currency deposits

Today, VTB24's foreign currency deposits for individuals are represented by three offers. The main terms of deposits are practically the same. The difference is only in the ultimate goal. One of the deposits allows you to replenish the deposit without any consequences and withdraw funds from it. With the second it is advantageous to accumulate (for a large acquisition or for a date), and the third will ensure maximum profitability. Now about each in more detail.

Option one

Ideal for those who want to have uninterrupted access to the invested funds. The program is called "Comfort". The minimum for its opening is 500 dollars or euros in any branch of VTB 24. The foreign currency deposit in dollars can operate from 181 days to five years. You can add funds to your account using the deposit rules. The contribution can be not less than one thousand dollars or euro. 500 dollars or euro is limited withdrawal.

Both the withdrawal of foreign exchange funds and introduction are allowed in a variety of ways. The main terms of the deposit are as follows:

• Monthly accrual and payment of interest;
• The term is selected to within a day;
• Prolongation is automatic, but you can use it only twice;
• Interest can be withdrawn through a separate account or capitalized;
• Privileges are provided in case of early withdrawal of foreign currency.

Under the same conditions, it is in the interests of third parties (it can be relatives or children), too, have the opportunity to open 24 currency deposits in VTB. Interest will depend on the amount of investments and the period during which the bank will use the invested money. Usually the annual interest rate on the deposit, drawn up at the bank's branch, ranges from 0.25 to 2.1. Deposits in foreign currency, issued through Internet applications, have rates ranging from 0.35 to 2.1 percent per year.

Option Two

Allows you to save a serious amount. The program is called the "Accumulative" deposit. The standard period is from three months to five years. The client himself has the right to specify an exact period within this framework. The minimum amount for opening a deposit is 500 euros or dollars.

To achieve the best result for this program, it is very beneficial to replenish the account in the amount of thousands of euros or dollars. This is what affects the gradual increase in the annual interest rate. By the way, it varies from 0.20 to 2.50%. The benefits for deposits opened through online service are more noticeable. Interest in this case will vary from 0.3 to 2.60 percent per year. Foreign currency deposits of VTB 24 with interest capitalization have an increased interest rate. Open in the bank branch - up to 2.53, through Internet applications - up to 2.63.

It is impossible to withdraw any part of the funds under the terms of this deposit. The interest accrued on a monthly basis can be capitalized, transferred to another account or received in the hands of any branch of VTB 24.

Option Three

It promises a maximum of income and is called "Profitable". This program of the bank promises to significantly increase the deposit and allows you to open a deposit in favor of third parties. And also under conditions of the program automatic prolongation, preferential withdrawal of currency resources and the right to choose a convenient period of currency resources placement is possible. But the circumstances of the contract do not give the right to a partial withdrawal of money or to add them.

The minimum amount for opening a deposit "Profitable" - 500 euros or US dollars. You can place funds for a period of three months to five years. The duration of the deposit to within 24 hours is determined by the client.

If the deposit closes after three months, the interest will be calculated on the terms of the preferential rate, that is, taking into account the conditions stipulated at the opening of the foreign currency deposit.

The exchange rates for VTB 24's deposits on this program are the largest. The deposit issued at the bank's branch is 2.90, and through the online service - 3.00 percent per annum. Capitalization of the amount of interest is insignificant, but still increases the annual rate. Minimum deposit "Favorable" - 0.30 and 0.40 (branch and online service, respectively).

Interest rate on VTB 24 currency deposits: features of choice

The bank, taking care of its customers, offers several options for obtaining interest on the placed funds. It can be:

1. Monthly payment to a separately opened or already existing account. That is, interest is credited to the card or other account of the client, which he has the right to dispose of.
2. Capitalization, that is, interest accrues monthly to the amount of the deposit. In this case, the client has no right to dispose of the received interest until the expiration of the term prescribed in the contract. For a constant increase in the deposit amount, the bank gives the client an increasing monthly effective rate (the so-called earned income).

The deposit "Accumulative" has an interest rate that grows with the increase in cash on deposit.

Deposits opened through Internet applications are always attracted by an increased annual rate, unlike deposits issued at bank branches.

Interest on dollar deposits is invariably higher than deposits in euros.

To the customer for a note

The current legislation of the RF all foreign currency deposits tax the income. It concerns deposits, with an interest rate of over nine percent per annum.

The income tax for residents of the Russian Federation is 35%, non-residents - 30%. It will be calculated from the profit exceeding the nine-percent annual rate.

A tax is levied at the time of payment of the calculated interest on the deposit. Any bank of the Russian Federation is a tax agent and is obliged to transfer taxes on profits from foreign currency deposits, so interest earned on placed currency funds will be received by the client already with the deduction of the taxes paid.