How much money should I put in the bank to live on interest from a bank deposit?

Some people are looking for sources of passive income. One of which is income on bank deposits. This is when a person invests a decent amount in the bank and lives on interest, let's consider this topic in detail.

According to statistics at the beginning of this year, an increase in the attracted deposits is planned, now there are about 22358469 million rubles in the accounts. Judging by this figure, there are not a small number of people who want to live on interest from bank deposits. Let's figure out how much money is needed to invest in the bank in order to live in a comfortable interest on the same interest.

It is interesting that now an increasing number of people are analyzing this issue, some sell apartments in Moscow and other large cities for this. They buy housing cheaper, and the main amount that remains of the sale is invested in deposits.

How much can you invest in a bank to live on interest on deposits?

If you think that it is enough to simply invest a decent amount of money in the bank and live on interest, then you are mistaken. Living on interest is also a job. You will have to monitor the data all the time, make sure that your contribution does not depreciate. Otherwise, a decent life may not be enough. You will have to periodically increase the contribution, because unfortunately, the ruble exchange rate on the world market is not stable. Therefore, prices are growing everywhere, and the percentage of the contribution is unlikely to increase without your intervention.

The amount of the deposit for such a condition should be a decent amount. If we count approximately, to receive 40,000 rubles per month for interest, you will have to put about 6 million rubles on the deposit. You can make the correct calculation according to the formula and yourself, according to the following example. And it is better to collect the amount of the deposit in advance.

For a more accurate calculation of this amount, a special form is used, taking into account capitalization.

• PW - cash for the contribution
• S. - annual income from deposit
• k.- Percentage coefficient
• a- How many years the contribution is made.

Formula: Pw \u003d s/〈(1+k) ª-1〉

To normally live a month for the average static Russian, it will take about 46,000 rubles. To get so much money per month (or 5,520,000 rubles per year), at a rate of about 7.6 percent, it will be necessary to invest 7,263,157 rubles in the banking institution.

Calculation:

PW \u003d 〈46 000 • 12〉/〈(1 + 0.076) ¹ - 1 \u003d 7 263 157

Live on interest on deposits - pitfalls

Of course, there are many risks associated with deposits of funds. Your money must be protected from fraudulent structures. There is also a danger of crises, default, and other dangers. This directly depends on the state of the internal economic situation.

Therefore, to avoid risks, depositors can use state insurance that are provided to customers, which are invested before 1 400 000 rubles. It is convenient that these insurance also apply to interest on the amount of the contribution.

While there is no stability in the economy, rubles are noticeably depreciated, prices crawl up due to inflation. In one year, it is about five percent. This will affect your interest rate from a deposit. These numbers should be taken into account. If you really count, then net income due to inflation will be 7.6-5 \u003d 2.6. Therefore, in order to receive more percent of the bank deposit, it is necessary to periodically replenish it.

Pros of life for interest on deposits

1. Undoubtedly, living on interest from deposits is already a profitable business in itself. And for this you do not need to go to work daily.
2. It is significant that there are deposits insurance up to 1,400,000 rubles. Because such deposits are one of the most reliable.
3. In well-established banks, interest rates receive interest rates without any problems, hidden commissions.
4. The guaranteed interest rate prescribed in the contract is the best conditions to live on interest.

Cons of bank deposits:

1. With small investments, interest rates are so small that they barely cover inflation. Therefore, do not draw up deposits for a long time.
2. Interest rates are changing due to constant inflation. Therefore, your income will be very difficult to calculate for a long time.
3. When the deadline for lifting the deposit comes, you should not immediately make a new same contribution. It is better to monitor new banks, there may be more favorable conditions for the deposit.

In any case, you will need to periodically look for, it is much more profitable to put a deposit in another place so that your income grows. To do this, carefully read the terms of deposits, and you can calculate your exact income.

If you control this way in this way, then you can extract maximum benefits from them. In this case, you will not feel inflation, you can live by interest on the deposit without any difficulties.

The choice of a bank and tips on how to live on interest on deposits

If you choose a banking organization, it is better to give preference to the bank that has long been in this market. You also need to see the reviews of other customers. It is advisable not to invest all the money in one bank, distribute it 1,400,000 rubles each so that the deposit is insured.

When the client chooses the bank, he primarily pays attention to the interest rates. The higher these bets, the better. But besides this, one should take into account the possibility of withdrawing invested funds at any time when you need. There are also other criteria for choosing a banking organization that you will learn later.

Bank choosing tips:

Do not look when choosing a bank for a deposit only on its solvency. Many banking structures that have just appeared promise their depositors high interest, but unfortunately, in most cases they are unreliable. Therefore, try to choose a financial structure with reliable characteristics. And immediately specify what conditions for the removal of interest.

There may be such conditions:

1. When the amount of the deposit is removed ahead of schedule, interest is not paid. Or the interest rate is partially issued. And there are deposits that even with a sufficient cashing of the entire amount, interest is given completely. The third option is the most profitable.
2. As already mentioned, all money should not be invested more than 1,400,000 rubles on one deposit. And it is not recommended to invest them, on deposits where interest rates will be burned, if you remove the entire amount or part of it ahead of schedule. Deposits with such conditions, most often with higher interest rates, but they cannot be replenished and terminated ahead of time.
3. Favorable deposits are those that have the possibility of replenishment. And those who have a function of monthly interest rates.
4. For complete information, check how you will transfer money, a card or you will have to set the queues to receive cash.

IMPORTANT:In some banks, when a person opens a large deposit, they offer special conditions. They can provide a card, insurance, other bonuses for elite customers.

List of popular banking organizations:

Tips to depositors:

1. Try not to store funds in one banking organization. After all, it happens that a financial institution is recalled by a license, then the return of funds will be through insurance agencies and then if the amount does not exceed 1,400,000 rubles.
2. Do not store large investments in one account. So you will not lose interest rates, and the investments yourself.
3. Most often, interest rates are higher in such deposits where early cashing of bets and deposits is not provided. In such cases, one deposit can be placed on such conditions, invest all other funds in deposits with a monthly payment of profit.
4. Monitor, as often as possible other conditions for deposits. And when you find the best conditions, you can throw your money there, it will be much more profitable to live on interest.

Lucky Radier - persons who are used to living on interest from deposits do not just thinklessly contribute funds to banks, they still belong selectively to the conditions of deposits, change tactics, look for profitable deposits for themselves. And sometimes they increase the amount of investments to obtain even greater interest rates.

Video: Is it possible to live on interest on deposits - review