Top 5 most profitable deposits in 2024

A deposit is an amount that a bank client places in a deposit account to keep their savings safe. Deposit yields are extremely low — at the time of writing this article, the maximum interest rate did not even reach 15% per annum. Therefore, the main purpose of deposits is to protect funds from inflation.

Sravnim24 editorial team
Imil Tkarev

Contents

What are bank deposits?

Differences between bank deposits

All bank deposits differ in the following parameters:

Term. In this case, deposits can be time deposits (i.e., opened for a specific period) and demand deposits (i.e., indefinite). Currently, the highest rates are offered on short-term deposits — for 3 or 4 months.
Валюта. Клиенты могут хранить свои деньги в рублях или в иностранной валюте. Например, в Т-Банке возможно открыть депозит в 27 денежных единицах. Наибольшая доходность будет, конечно, у рублевых вкладов, поскольку рубль — более стабильная валюта для кредитных организаций.
Option to top up. Such deposits can be topped up throughout the entire term of the agreement.
Option for partial withdrawal of funds. In this case, you can withdraw money from the account without dropping below the minimum threshold. The yield on such deposits is extremely low.
Interest rate. As we mentioned earlier, it depends on many factors: term, currency, top-up and partial withdrawal options. The most important parameter affecting deposit yield is the Central Bank's key rate. It is what regulates the interest on deposits, accounts, and loans.

How to open a bank deposit?

The procedure for opening a deposit in various credit institutions is practically identical. To open a deposit, for example, at VTB, you need to:

go to the bank's website or mobile application;
go to the "Services" section;
select "Savings";
select the deposit that best suits your conditions;
click "Details" and "Open deposit";
enter the amount;
select the debit account;
complete the deposit setup.

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5 best deposits

You can now open a deposit at any Russian bank. We have prepared the 5 best deposits of 2024 for you. You can open any of them without leaving your home — via the website or mobile application.

Top 5 Banks with Favorable Deposit Terms

Name of credit institution and deposit	Deposit amount	Deposit term	Interest rate
UBRiR "Turnkey Income"	from 50 thousand to 10 million RUB	12 months	up to 19.89% per annum
Renaissance Credit "RenStart"	from 5 thousand RUB	from 121 to 1080 days	up to 20.25% per annum
Gazprombank "Cloud-High Interest"	from 15 thousand RUB	6 months	up to 22% per annum
VTB “Double Benefit”	from 30 thousand	from 3 to 24 months	up to 27% per annum
Alfa-Bank “Maksimalny”	from 50 thousand RUB	from 3 months to 3 years	up to 21% per annum

UBRiR "Turnkey Income"

The maximum interest rate on the “Income to the Maximum” deposit is 19.89% per annum. Users can place from 50 thousand to 10 million RUB in the “Turnkey Income” for a term of 12 months.

The bank's terms allow for account replenishment.

Renaissance Credit "RenStart"

Renaissance Credit's terms allow opening a deposit for an amount starting from 5 thousand RUB for a term of 121, 181, 367, 550, 1080 days. The interest rate in this case will be 19.25%, 19.75%, 20.25%, 14.25%, and 9.25%, respectively.

“RenStart” does not provide for replenishment and partial withdrawal of funds from the account. Interest is paid out upon expiration of the deposit term. If necessary, it can be capitalized.

Gazprombank "Cloud-High Interest"

The maximum yield of the “Cloud-High Interest” deposit is 22% per annum. To obtain such an interest rate, the client needs to deposit from 15 thousand RUB for a term of 6 months with the possibility of capitalization. 22% during the deposit period from 121 to 181 days when opened online.

VTB “Double Benefit”

At VTB Bank, it is possible to open the “Double Benefit” deposit for an amount starting from 30 thousand for a term of 3, 6, 12 months. The interest rate will be 27%, 21.5%, and 22%, respectively.

The deposit terms do not provide for account replenishment and partial withdrawal of funds.

Alfa-Bank “Maksimalny”

At Alfa-Bank, you can open a deposit for an amount starting from 50 thousand RUB for a term of 3, 4, 6, 9 months, 1, 1.5, 2, or 3 years. The yield in this case will be 16.5%, 18%, 18.51%, 17%, 18.51%, 19.5%, 17%, and 21% per annum, respectively.

The maximum interest rate is available only if you decline account replenishment and partial withdrawal of funds, and also opt in to the capitalization service.

When choosing a deposit, be sure to review its terms. If it is important for you to always have access to your savings, choose a deposit with partial withdrawal options. Please note that if you choose a deposit without this feature and violate the agreement terms, your yield will be no more than 1% per annum.