Sberbank's foreign currency deposit for individuals

Sberbank of Russia offers individuals an impressive number of deposit programs. You can open an account both in rubles and in foreign currency. Most of the deposits are for euros or US dollars, but it is possible to save less common denominations - francs, yen and pounds sterling. In the article we will consider the conditions that Sberbank puts forward for deposit programs. Currency deposits, despite the reduced percentage of remuneration, remain popular among the population.

Types of deposits

Sberbank always offers its current and potential customers a wide range of deposits with different conditions. This allows you to open a deposit account for different segments of the population by choosing the most suitable program for yourself. All existing foreign currency deposits can be divided into three groups:

1. Urgent - differ by the shortness of the transaction. The deposit is opened for a short period (from 3 months).
2. Long-term - implies the conclusion of a contract for a long period. The capital is placed up to 3 years, after which it is possible to prolong the deposit.
3. Online. To open them do not need to visit the bank, just go to the online office through the Internet and send an application for the opening of the deposit.

Each of the programs has a number of advantages and disadvantages for a particular client. To place capital with the greatest benefit, it is necessary to clearly define the goals and the desired result.

Opening of a deposit account

Interested in placing funds for safekeeping in foreign currency units, a potential client is looking for information on the procedure for concluding a contract. What actions need to be taken to open a foreign currency deposit? Sberbank requires a minimum of documents and time: only a passport or a document replacing it will be required. The procedure will take no more than an hour. At the same time, an agreement on the opening of the deposit of interest will be signed and a minimum amount will be added to the account.

A bank customer can even more quickly and easily open a foreign currency deposit. Sberbank offers an online service, through which a variety of banking services are provided. Access to it has holders of debit and credit cards, accounts. To send an application you will need:

• To be authorized in the Sberbank Online system;
• Select the section "Deposits";
• Click on the deposit program of interest;
• Fill out the form, indicating the amount of the deposit, the validity period of the contract and the details of the account from which the funds will be transferred;
• Double-check the entered data and confirm the request with SMS.

The execution status can be controlled through the personal cabinet. After the termination of registration the client has the right to make any actions provided by the acting deposit program.

Features and Benefits

The foreign currency deposit in Sberbank for individuals is modern, profitable and convenient. Putting money into a deposit account, the customer gets the opportunity not only to save them, but also to win on interest and exchange rate fluctuations. Some programs provide for replenishment and / or partial withdrawal of funds.

The currency deposit opens to its owner the following options:

• Reception of money transfers in foreign signs;
• Conversion of funds;
• Transfers to other countries;
• Payment for services;
• Cashing out money;
• Capitalization of interest.

It is convenient to make any actions on the deposit with the help of online services. There is also an automatic extension of the contract on the same terms.

Overview of foreign currency deposit products

In 2016, there are 9 programs that allow you to accumulate funds on the account of PJSC "Sberbank". Foreign currency deposits open on different terms, but their terms are approximately the same - from 3 months to 3 years. There are also time deposits with a minimum validity period of 30 days. Interest rates increase with the increase in the amount and term of the deposit, but the greatest benefit can be obtained through the "Save" program.

Consider in the table a brief description of the deposits offered by PJSC "Sberbank of Russia":

The remuneration is higher in those programs where the functions of withdrawing and replenishment are not provided. The more the client has the ability to manage his capital, the lower the percentage.

Term deposits "Save" and "International"

The contract for these programs is valid for 1 month without the possibility of replenishment or withdrawal. The deposit will be useful to those clients who are going to save and increase a certain amount of funds.

Although deposits are available for opening for a minimum period, the interest rate will be low (0.01%). For any foreign currency deposit of Sberbank is typical rule: the longer the period of the deposit, the more reward. For example, under the "Save" program, the maximum percentage will be for a transaction duration of 1-3 years:

• In dollars - 1.35;
• In euro - 0.3.

For the deposit "Save On @ yen" the rate is slightly higher: 1.6% and 0.4% respectively. Other conditions coincide with the same contribution.

The "International" contribution is similar to the "Save" program. Only the currency and interest rates here are different:

• In pounds sterling from 0.05% to 1.75%;
• In the yen from 0.01% to 0.55%;
• In Swiss francs - 0.01% regardless of the time and amount.

A feature of the deposit is the method of calculating remuneration - at the end of the term.

"Refill" and "Manage"

These programs have more convenient conditions for those who are accustomed to systematically postpone funds. The deposit account is opened for a period of 3 months to 3 years. The maximum interest rates on Sberbank's currency deposits in dollars and euros are, respectively:

• "Replenish" - 1.1% and 0.2%.
• "Replenish Onl @ yn" - 1.3% and 0.3%.
• "Manage" - 0.85% and 0.05%.
• "Manage On-Line" - 1.1% and 0.1%.

Capitalization of interest and payment of income to a separate account is provided. Deposits are convenient because the account can be replenished (in cash from $ 100 / euro, non-cash - unlimitedly). And the "Manage" program allows you to partially withdraw funds without closing the account.

Rates on deposits "Multicurrency" and "Savings account"

Both programs are unique and interesting in their own way. For example, the deposit "Multicurrency" opens immediately in three monetary units: rubles, euros and dollars. And the minimum contribution is only 5 characters of each currency. The contract is valid from one year to two with the option of automatic renewal. It is possible to replenish accounts: non-cash unlimited, and when making cash - from 100 euros / dollars and 1000 rubles.

The main purpose of the deposit is to receive income from fluctuating exchange rates. The client has the ability to convert funds unlimited number of times at his discretion. The remuneration is transferred every 3 months to an additional account opened with PJSC "Sberbank". The dollar contribution in dollars brings from 0.01% to 0.9% per annum. In euro, the rates are more modest - 0.01-0.05%.

The "Savings account" product is created for free management of funds. There are no restrictions for either the term of validity or the amount of contributions, replenishments and withdrawals. In addition, the client receives from 0.01% to 0.1% per month from the balance of the account.

other information

The question of taxation is also of interest to the owners of deposits. Will we have to transfer funds to the Federal Tax Service with a deposit in PJSC "Sberbank"? Foreign currency deposits in dollars, euros or other currency are taxed only at a rate of 9% or more. There are no similar values in any of the programs examined. This means that the owner of the deposit does not fall under the terms of taxation.

The client also has the right to close the foreign currency deposit ahead of schedule. Sberbank does not impose fines or commissions on this procedure. The account holder freely withdraws the entire amount of the deposit and receives an interest (usually a minimum).

Sberbank offers a lot of interesting programs for those who want to save and increase their money. Currency deposits allow not only monthly to receive interest, but also to win on the fluctuation of the exchange rate. Properly investing capital, you can make good money. The main thing is to carefully read all the conditions and choose the most suitable foreign currency deposit for yourself. Sberbank will do the rest.