Saving deposit
Доход:
Мобильность:
With and without replenishment
No withdrawal
Вклад для целевых накоплений
A savings deposit is an irrevocable deposit with the highest remuneration rate among KZT deposits.
Rates in the market can change, but for saving deposits, they are always higher. It is compensation for the strictest restrictions: early money withdrawal from this deposit is possible only 30 days after the request, and the entire amount of the accrued remuneration is lost.
A savings deposit is suitable for those who plan to invest their money for a long time and not use it during the period of the deposit.
Как ориентироваться в сроках и ставках
So you are ready to invest in a savings depositation.
At the time of choosing a deposit, decide:
1how long will you place the money?
2will you add funds to your deposit?
The remuneration rate will directly depend on this.
1Remuneration rates for savings deposits for different periods differ.
2For deposits with replenishment, the remuneration rate may decrease with an increase in the term.
3For deposits without replenishment, with an increase in the term, the remuneration rate increases.
You can open savings deposits for a period of one month to three years, with or without replenishment. Standard offers of almost any Bank for terms are one; two, and three years, but there are enough offers for several months. Remember: it is highly undesirable to withdraw money from a savings Deposit ahead of time – this way you lose your accrued income.
The maximum annual effective remuneration rates on savings deposits for the entire range of terms are calculated by the Kazakhstan Deposit Insurance Fund (KDIF). The information is updated every month.
1
If the maximum recommended rates are increased, each bank independently makes a decision: to raise rates on new deposits or keep the current conditions. It depends on the market situation, the bank's deposit policy and the needs of each bank for deposit inflow.
2 If the maximum recommended rates are reduced, then next month all banks that accept deposits at a rate equal to the maximum will lower rates on deposits so that the new rates are within the maximum.
The new maximum rates do not effects on the conditions for previously placed deposits. If you have already placed a deposit, the rate on it will not change until the prolongation - neither up nor down.
Now the layout of the maximum rates on savings deposits for all periods, with and without replenishment, looks like this:
|
On deposits that will be placed in November: |
||
|---|---|---|
| 3 months |
10,8% |
11,3% |
| 6 months |
10,8% |
11,3% |
| 12 months |
12,6% |
13,8% |
| 24 months |
11,4% |
12,2% |
|
On deposits that will be placed in December: |
||
|---|---|---|
| 3 months |
10,8% |
11,3% |
| 6 months |
10,8% |
11,3% |
| 12 months |
12,7% |
13,9% |
| 24 months |
11,4% |
12,2% |
Досрочное снятие
Increased rates on savings deposits are compensation for the strictest restrictions on early withdrawal of money from a deposit:
1 Part of the money cannot be withdrawn: only the full amount of the deposit can be withdrawn, which entails automatic closure of the deposit agreement.
2 The remuneration accrued on the deposit for the entire period is canceled. You can only receive up to 0.1% per annum, even for the period that the money was in the bank.
3 You will be able to receive money no earlier than 30 days after you notify the bank about the early withdrawal of money.
These restrictions are established by the Civil code of the Republic of Kazakhstan, so the conditions will be the same in all banks without exception. Because of these restrictions, a savings deposit becomes a truly targeted one: the depositor must clearly understand when he will need the money.
Под защитой КФГД
KDIF ensures the safety of the money placed in the savings deposit and the accrued remuneration.
The maximum guarantee amount is 15 million KZT.
1 Deposit up to 15 million KZT (taking into account the accrued remuneration) - under full protection.
2 A deposit of exactly 15 million KZT is also fully protected, but the remuneration is already charged in excess of the maximum guaranteed amount.
3 A deposit over 15 million KZT, for example, 16 million KZT - is protected for a maximum amount of 15 million KZT.
1 million KZT is outside the maximum amount of the guarantee, and KDIF cannot guarantee the return of this money.
Consider placing part of the money in another Bank: deposits placed in different banks are guaranteed separately, each within the maximum amount of the guarantee.
Как управлять риском
With a deliberate approach, a savings deposit can become a risk-free investment. Credit risk - the risk of bank insolvency - is assumed by KDIF - within the maximum guaranteed amount. You can manage other risks associated with long-term investments.
Credit risk: the bank in which you place the deposit, may be revoked.
Solution. Within the maximum amount of the guarantee, KDIF assumes the credit risk.
Stick to the basic rule of investing: "don't put all your eggs in one basket." Choose two or three banks and place your savings evenly, even if the deposit is within the maximum guarantee amount
Interest rate risk: rates will increase after you open a deposit.
Solution. The maximum recommended remuneration rates published by tKDIF are based on market rates of interest, taking into account market attraction. Increases or decreases in remuneration rates in the deposit market are difficult to predict. Pay attention to the advertisement for the savings deposit, check on the KDIF website: the maximum rate may be higher next month.
The reinvestment risk: by the end of the term of your deposit, the rates on the market may decrease and you will not be able to place a deposit at a high rate.
Open savings or time deposits with replenishment for the long term - two or three years. The rate on them is significantly lower than on deposits without replenishment, but such a deposit will give you the opportunity to reinvest the money at a fixed rate if the rates on the market are lower. To calculate the real yield, compare the annual effective remuneration rate on these deposits with the indicator of the top inflation corridor.
Liquidity risk: you will need a little more money for current expenses than you could have anticipated when opening a savings deposit.
While the savings deposit remuneration rate is attractive, keep some of your money in a mobile non-time deposit. Non-time deposit money will be your "cushion" in unforeseen circumstances, you can use them at any time. To do this, choose a non-time deposit with a minimum permanent balance.
Что запомнить
1 When choosing a savings deposit, remember about four types of risk: credit, interest rate, reinvestment risk and liquidity risk. How not to miss out on great deals in the future? How to be prepared for a rate cut in the next two to three years? Will there be enough funds for everyday expenses without resorting to a savings deposit?
2 Each deposit type has its own purpose. Combine deposits: savings, time, non-time, with and without replenishment. Use different deposits: this is a constructor thanks to which you can multiply your money and be ready for any situation.