In the modern world, everyone thinks how to disappear their financial situation properly. The subject of accumulation of funds, the future – becomes particularly relevant to protecting your own and your loved ones. According to the latest data, money circulation increased by 5.1%last year. According to the regulator, 63.6 trillion rubles were taken to the cash tables and ATMs of the banks. The most cash process took place in individuals’ bank accounts: revenues on increased by 2.3% and 9.8 trillion rubles. Cash flow to citizens’ deposits increased by 6.2%. This confirms that traditional and even conservative financial tools, such as contributions, remain popular among the population.
There are many financial tools in the market that help protect and increase savings. However, traditionally the most popular is bank deposits and cumulative accounts. The properties are simple: a person placed money and after a while he gets back with interest. In addition, funds on any contribution or account are insured by the state up to 1.4 million rubles. But what is the difference between the two vehicles? Let’s look at the main differences.
The first is the interest rate. According to both deposit and accumulated accounts, it depends on many factors, but the main one is the basic ratio determined by the Russian Bank. However, in the case of a deposit, the ratio is recorded in the contract for the whole period and the bank cannot change until the extension date. In the case of a cumulative account, the ratio may vary. Moreover, both the largest and lower. Typically, banks warn customers in advance.
Secondly, interest is Tahakkâr. As a rule, the interest in deposits accrues at the end of the period. However, there are such deposits, usually with a lower ratio where you can get monthly interest. According to the accumulated account, the interest rate for the minimum balance in the account for the calculated period accrues per month. So, starting from the opening date, for the smallest amount for a month. It is also important to monitor the conditions of the bank for the minimum and maximum amount of the account.
Third – Terim. The contribution always opens for a certain period of time and after the expiration is automatically expanded to the same period and quantity. However, it is important to remember that the interest rate may change both large and less. The accumulated account is opened indefinitely. Even if all funds are withdrawn, it will not be closed.
How can you create, store and increase savings?
In addition to deposits and cumulative accounts, our study has shown that Russians used such vehicles for increasing income such as purchasing currency (7.9%of the participants), stocks and bonds (5.6%) and life insurance programs (4.4%). Since the first two vehicles are more likely and more likely for investors, I would like to continue on life insurance programs more detailed.
The accumulated life insurance is a modern financial instrument that allows accumulation or up to a certain period, depending on goals or up to a certain period. The feature of such programs is the presence of an insurance shell. In the event of an insured activity stipulated by the contract, the company will pay for insurance or continue to contribute to a person. Thus, the final target will be obtained independently of the living conditions.
As mentioned earlier, NSG programs are different from targets – accumulation or capital increase. First, it gives the opportunity to accumulate the necessary amount up to a certain period. For example, to buy real estate or payment for yourself or children. Second – to increase or transfer capital with inheritance.
As a rule, the markets can be expanded from basic and children, and the ability to combine additional risks when necessary. In addition, the main advantages of the accumulated life insurance depending on the program include the following.
The ability to correct the ratio for a long time. The ratio is fixed for the whole period of the contract. Since the key ratio determined by the regulator is at a very high level, NSG programs seem particularly attractive. Indeed, in addition to the insurance membrane, they show that they are not lower than other financial instruments. In other words, a person has the opportunity to solve profitability for a long time. For example, today, when designing a program, you can increase your investments 12 times (depending on terms and conditions).
Probability of tax reduction. When applying for a program since 5 years, one person can return to 19,500 rubles per year.
Legal protection. A person himself determines who will receive money if the risk of “separation from life” is applied. The contributions within the contract are not divisible during divorce and are not subject to arrest.
Additional Investment Revenue (DID). According to the results of the investment activity of the company, it is possible to generate additional income if foreseen by the contract.
Renta payments. If it is foreseen by the contract, periodic fixed payments periodic in the guaranteed period.
The selection of the appropriate instrument for you depends greatly on personal goals and accumulation strategy. Bank deposits are ideal for those who prefer short -term objectives, small amounts and maximum liquidity. They will be the perfect choice for conservative investors who value the simplicity and transparency of financial transactions.
It is recommended that NSS be considered for long-term purposes starting from 3-5 years. This tool is particularly important, especially when you want to provide financial protection for yourself and your loved ones.
What are you thinking?
Source: Gazeta
Dolores Johnson is a voice of reason at “Social Bites”. As an opinion writer, she provides her readers with insightful commentary on the most pressing issues of the day. With her well-informed perspectives and clear writing style, Dolores helps readers navigate the complex world of news and politics, providing a balanced and thoughtful view on the most important topics of the moment.