Interest on bank deposits

Usually when people have money, they want to make them even more. Some send their surplus to their own development or expensive purchases, while others - prefer to accumulate them in the bank. From a bank depends not only on the safety of invested funds, but their growth rates. In recent years, we can note an unusual trend: the smaller and riskier the bank, the higher the percentage he was ready to offer its depositors and vice versa. This is because the major credit agencies have significant financial reserves and the possibility of external borrowing. Small banks are often deprived of this and attract money at favorable interest rates by the population. Often they are given expensive loans - only it turns a good margin. To protect depositors specially established State Agency for Deposit Insurance, which guarantees every individual the return of his savings in the range of 700 thousand rubles. Interest on bank deposits by the end of 2010 amounted to: 7.84% for savings in rubles and 4.05% for assets placed in euros or U.S. dollars. These are average figures for the market. There are banks, giving the opportunity to earn 10-11% per annum, but it will require to deposit several million rubles. Interest rates on bank deposits depend on the type of currency, maturity and amount. Most advantageous to do ruble deposits - Yield on them than currency by almost 30%. The greater the amount and term of deposit, the higher its yield.