Bks interest on deposits in foreign currency. BCS bank deposits
According to RAEX (Expert RA agency), BCS Premier was awarded a high credit rating. This indicates that the bank can be fully responsible for its obligations to clients. This cannot but interest potential investors who would like to open deposits for individuals at BCS Bank in 2020.
In addition to the reliability of the financial institution, it would be useful to know the equally important investment conditions: rates, terms, currency, etc.
BCS Bank deposits in 2020
The classic way to accumulate and save capital for individuals is through bank deposits. BCS offers its clients five products:
- "Profitable";
- "Universal choice";
- "Cumulative";
- "Investment";
- "Double Strategy"
They differ in terms of storage period, interest, management conditions, and currency. The potential investor independently chooses the product he likes. Registration in the office takes no more than 20 minutes; it is enough to have a passport of a citizen of the Russian Federation with you. New clients are offered preferential conditions, and increased profitability accompanies deposits opened via the Internet using a remote banking system.
"Profitable"
A time deposit that involves raising funds in Russian rubles, US dollars, euros and pounds sterling. Main parameters of the ruble deposit product:
- amount from 50,000 rubles, no maximum limit;
- terms from 31 days to 730 days;
- rate from 5.6% to 7.6% (when registering an agreement through DBCS Online, the maximum annual rate increases to 7.9%).
As for foreign exchange investments, the agreement period will be similar, but the minimum contribution to register a deposit will be 100 dollars/euro/GBP. The percentage will vary depending on the type of currency:
- up to 3.7% for dollar investments;
- up to 1% for deposits in euros;
- up to 1.5% for deposits in pounds.
The final rate is calculated individually, depending on the amount of investment funds and the deposit period.
Interest is accrued at the client's choice: monthly or at the end of the term. The deposit amount cannot be changed, account management is not available. Early termination will result in the loss of already accrued interest, since the rate will be recalculated according to the terms of the demand deposit, that is, 0.01% per year. An automatic renewal is provided, subject to the conditions current at the time of renewal.
"Universal choice"
As part of the deposit program, the bank accepts four currencies. The starting capital for concluding an agreement is 10 thousand rubles or 100 USD/EUR/GBR. BSK Premier also sets maximum investment amounts of 50 million, 800,000, 200,000 and 800,000 currency units, respectively.
The terms of service imply the ability to change the amount on the deposit account. Replenishment of at least 50,000 rubles or 1,000 US dollars / pounds sterling / euros. Withdrawals are limited only to the specified minimum balance.
The interest rate for ruble deposits ranges from 4.6 to 6.45%, for dollar deposits - from 0.8% to 2.3%. The annual rate determined for deposits in euros is from 0.1% to 0.7%, in British pounds - from 0.3% to 1.3%. The storage period for personal savings is 31–730 days.
"Cumulative"
The deposit project also allows for the possibility of depositing four currencies into the account. The duration of the contract is fixed and is 365 days. The minimum amount required for registration (also known as the minimum balance) is 5,000 rubles, 100 dollars, euros, pounds. The maximum deposit amount is not limited by the bank's accounting policy, with the exception that deposits in euros cannot exceed 100,000 units of currency.
The rate for the “Savings” program is fixed. For ruble savings - 4%, dollar - 1.2%. Deposits in euros are accepted at 0.1%, in British pounds - 0.4%. Provided that the client carries out transactions in trade and service enterprises using bank cards for a total amount of over 30,000 rubles, the annual rate increases to 7.5%, 3%, 1.3% and 1.1%, respectively.
An automatic extension of the agreement is provided. Account management is allowed: making additions, withdrawing part of the funds to the level of the minimum balance.
"Investment"
Only ruble investments are accepted as deposits. The contract period is 181 days. The minimum amount of funds required to open a deposit is 50,000 rubles. Expense transactions on the account are not provided; if performed, they will lead to loss of income for the depositor. Extension of the deposit and contribution of additional savings are unacceptable.
The annual rate depends on the amount of savings and will be determined within the framework of each contract:
- for deposits from 50,000 to 300,000 rubles - 7.99%;
- for deposits over 300,001 rubles - 8.5%.
The percentage fixed on the date of signing the agreement is not subject to change. All accruals are paid to the depositor upon expiration of the cooperation period to the specified savings account.
"Dual Strategy"
The deposit is made in Russian currency for a period of 365 days. The minimum investment amount is 100,000 rubles, the maximum is 400,000 rubles. According to the terms of the agreement, making additional contributions and withdrawing part of the money is unacceptable. The deposit cannot be extended.
The rate under the program is 8.5%. If the basic conditions specified in the agreement are violated, the income will be recalculated at 0.01%. If funds are withdrawn from the account ahead of schedule, BCS Bank will calculate the capital at 0.01%.
Additional offers
- From March 4, 2019 to May 31, 2019, BCS Premier offers to invest in ruble deposits "Spring". The contract amount can vary from 10,000 to 1.4 million rubles. Depositing and withdrawing funds from the account is not permitted. The annual rate under the program is quite impressive - 8.20%. The client can use this offer only once.
- Deposit "In the black" characterized by a similar rate of 8.2%. The minimum investment amount for citizens served in Moscow branches of BSK is set at 500,000 rubles, for other clients - 300,000 rubles. Partial withdrawals and additional contributions are not provided for by the terms of the agreement. Only persons who have entered into a banking service agreement with the bank for the first time can become a participant in the program.
- Product "Poste restante" is standard and involves free account management. The deposit rate is small and for each of the 4 acceptable currencies it is 0.01%.
- Another interesting offer is a deposit "Currency Standard", which involves storing rubles, US dollars, euros and pounds sterling. The minimum amount of savings is 10,000 rubles, 100 $/€/£. Additional contributions and debit transactions on the account are not provided for by the terms of the agreement. Individuals who have activated the “Currency Card” or “Premium Currency Card” service package can make a deposit. The annual rate for ruble investments is in the range of 5.9–7.9%, for dollar investments - from 1.4% to 4%. For deposits in euros the rate is set at 0.1–0.8%, in British pounds - from 0.4% to 1.6%.
- In contribution "Currency replenishable" Four types of currencies are also accepted. The minimum amount, also known as the minimum balance, is 5,000 rubles, 100 $/€/£. Savings are accepted by the bank for 365 days. Additional contributions can be made in an unlimited amount. It is also allowed to collect funds from the deposit, but the minimum balance fixed by the bank must remain in the account. The percentage depending on the type of currency is determined in the following intervals:
- for rubles from 4% to 7.5%;
- $: from 1.2% to 3.2%;
- €: 0,1 1,30%;
- £: 0.4 –1.40%.
BCS Bank is investment-oriented. Deposit products are only one of the bank’s offers for individuals, but a very attractive one. Proposals developed by financial institutions allow you to “preserve and increase” personal savings. You don’t have to worry about the bank’s reliability; BCS has high ratings, profit last year and participation in the DIA.
BCS Bank was established in 1989. Until 1991, it functioned as the Iskitim Commercial Bank, and after that moment the financial enterprise received the name Ros. The institution was introduced as a BCS bank in 2007. Two years earlier, the organization managed to achieve membership in the state deposit insurance system. BCS offers a wide range of products to private and corporate clients. The institution is distinguished by high activity in the securities market and conversion transactions. Deposits play a very important role for BCS Bank, because they are the main source of funding.The deposit line offers several different programs. Deposits for individuals allow clients to earn good interest. Profits are paid monthly or at the end of a specified period. The procedure for making payments is prescribed in the cooperation agreement. Upon expiration of the deposit period, an extension may be carried out. This procedure is carried out automatically or after the consent of the bank client. Further cooperation in most cases takes place on the same terms.
Interest on deposits for multi-currency programs will be slightly lower. However, depositors' funds are reliably protected from exchange rate fluctuations. In the event of a significant decrease in the value of one currency, conversion can be made. The most favorable rates on deposits are typical for time deposit programs, the terms of which do not provide for income and expense transactions.
Bank contacts
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Bank news
06.06.19 | Perekrestok and BCS Bank will issue a digital installment card |
10.04.18 | MarketOverview: There are difficulties in the work of online banks BCS Bank, Raiffeisenbank and the broker Alfadirect. In this case, the BKS-Broker application works normally. |
18.06.17 | Zolotaya Korona - Online currency exchange: favorable rate or not? At the time of observation, the rate of the Zolotaya Korona overtook Alfa Click, the Otkritie Internet bank, the Kukuruza currency wallet, the BCS Bank currency reservation service and even Alfa Forex. The Zolotaya Korona exchange rate was 2 kopecks short. |
06.08.16 | Currency exchange through BCS Bank Online: Currency purchase rate +0.21% of the exchange, you can withdraw currency without commission at bank ATMs, free service, the ability to fix the rate for three days. The downsides are small limits and confusing tariffs. |
Opening a deposit in BCS Premier is an excellent solution for those who want to increase their finances. By purchasing such a product, the consumer will be able to receive additional income without making much effort. The amount of profit depends on many factors, and most importantly on parameters such as:
The length of the period for placing available funds is of great importance. If the consumer withdraws money before the end of the contract, he may lose, since the interest in this case will be recalculated downwards - based on the current refinancing rate.
The big advantage is that it is quite possible to apply for a product online. At the same time, you will be able to save time on a trip to the bank and standing in queues.
Main advantages of the site
Our portal provides up-to-date information on offers for opening a savings account. After studying the materials posted here, you can easily select the most suitable option for investing your savings.
To get maximum profit, you need to find a product that will fully meet your needs. Today, deposits are striking in their diversity. They are:
Our visitors can rest assured that when choosing a specific investment option on our portal, they are dealing with up-to-date interest rate data. We monitor regular updates of the posted information, so with us you are guaranteed to be aware of the latest changes.
We recommend paying attention to such an aspect as the procedure for calculating and paying interest. Some consumers prefer to withdraw small amounts from their account monthly or at the end of the quarter, while others are willing to wait to receive all the income at once.
The main advantage of the site is that all information about current offers from financial organizations is collected here in one place. You don't have to search all over the Internet for the information you need. Once you have settled on the most suitable option, going to the potential partner’s website will be as easy as shelling pears - via a direct link.
Here you will find answers to the following questions:
Our visitors have access to special offers from our partners. Users from anywhere in the country can apply through the online website to leading banks regardless of their location. All offers displayed on this page are the best or most profitable only in the opinion of Banki.ru experts.
Where can I open a deposit?
Deposits at a higher percentage are available through the Premier BCS mobile application, at a regular percentage - when visiting the office in person. For example, if you open a ruble deposit online through an application, in some cases the rate for you will be higher by 0.3% per annum.
In what currency can you place a deposit in a bank, other than the ruble?
We open currency deposits for individuals in US dollars, euros and pounds sterling.
Are your deposits insured by the DIA?
How to open a deposit at a high interest rate?
To get a higher rate, open a deposit in the BCS Online service for a large amount.
Are there any restrictions on deposits in euros?
Deposits “Universal Choice”, “Income” and “Savings” in euros can be opened 90 calendar days from the date of conclusion of the agreement on comprehensive banking services.
Under what conditions is the deposit renewed?
If your type of deposit is still valid on the expiration date, it will continue at the new rate. If your deposit is no longer available, the money with accrued interest will be credited to the current/savings account in the deposit currency. The bank may not renew the deposit if the conditions for the minimum balance or maximum amount are not met by the renewal date.
What is the minimum balance?
The minimum deposit balance is the minimum amount that must be kept in your account during the term of the deposit. If you violate the minimum balance rule, the bank will return the funds to you and recalculate interest at the demand rate.
What is the maximum deposit amount?
This is the maximum possible amount that can be in the account for a specific deposit.
Do I need to pay taxes on deposit income?
For a ruble deposit to be subject to personal income tax, its rate must be higher than the Central Bank key rate + 5 percentage points. For a foreign currency deposit to be subject to personal income tax, its rate must be higher than 9% per annum.
Is it possible to replenish the deposit?
Yes, replenishment is available for some deposits. Check the amount and terms when replenishing the deposit is allowed.
Is it possible to close a deposit early?
Yes, but then the interest will be recalculated at the demand rate - 0.01% per annum. Please check with your financial advisor for detailed conditions for early termination.
Can my relative receive money from my deposit for me?
Yes, please issue a power of attorney for this.
How to close a deposit?
You can close a deposit at a bank office or in the BCS Online service.
