Types of pension Deposit
Types of pension depositone of the oldest and most promising deposits is a pension Deposit. The pension contribution inherited from the Soviet accumulative system has been developed in three directions:
The first direction is a continuation of the Soviet funded system, which resulted in a special and the most widespread group of deposits. A pension Deposit, which implies that the depositor has a certificate of retirement age, is a regular Deposit with a fixed closing date and an accrued interest rate. This type of Deposit implies the absence of any additional operations, except for the initial payment of funds. The minimum initial payment depending on the Bank varies from 1000 rubles. The main Bank of pensioners on pension Deposit is Sberbank of Russia, which owns the lion’s share of this market of financial instruments.
The second direction is relatively young, begins to attract more and more people of retirement age. Pension replenished Deposit, being a kind of pension contribution, has special differences. First, the possibility of constant replenishment of funds, allows you to far exceed the planned income in the future. Secondly, quarterly capitalization of accrued interest allows pensioners to constantly increase the amount of the initial Deposit. As a rule, the minimum initial payment for this type of pension Deposit ranges from 300 rubles. In addition, the interest rate depends primarily on the term of the pension Deposit and ranges from 5% to 9 %.
The third direction is the most modern, which attracts a wide range of pensioners due to its convenience. Pension plus Deposit, thanks to the opening in the nation named as a “retirement purse”, “plastic card pensioner”. The first condition of this Deposit is that it is possible to perform not only incoming operations, but also expenditure. The second condition is the minimum contribution for this type of Deposit is only 1 ruble. The low interest rate of 4% per annum compensates for the convenience of working with the Deposit.
All three areas of pension Deposit combines the opportunity for input in rubles, and received from pensioners receiving a pension.