Open an account in yen. Money transfers in foreign currency. How quickly will funds be returned to my card upon withdrawal

• Interest is calculated at the end of the term of the deposit.

Conditions for early termination

in any unforeseen situation, if you need money before the end of the deposit, you can always get it

• on deposits for up to 6 months (inclusive) - at an interest rate of 0.01% per annum;
• on deposits for a period of more than 6 months:
  - when a deposit is demanded within the first 6 months of the main (extended) term - based on the interest rate of 0.01% per annum;
  - when claiming a deposit after 6 months of the main (extended) period - based on 2/3 of the interest rate set by the Bank for this species deposits on the date of opening (prolongation) of the deposit.

Prolongation conditions

• Automatic prolongation is carried out on the terms and at the interest rate applicable to the "International" deposit on the date of prolongation.
• The number of extensions is not limited.

Special conditions

• It is possible to deposit / receive funds (including interest) when opening / closing a deposit in a currency other than the deposit currency, for example, in rubles, US dollars or euros.
• Opening an "International" deposit is not possible in all branches of the Bank. Please, first check the possibility of opening it at the Bank branch where you are served. The list of branches of the Bank can be found in the section "

From the point of view of competitiveness in the international market, the yen is "doomed" to further appreciation. In other industrial developed countries the possibility of concluding agreements with Japan that would somewhat limit the export of Japanese industry has been discussed for a long time. It is not difficult to assume that such self-restraint could be achieved through a gradual revaluation of the Japanese currency. Germany has seen from its own experience the positive nature of such a policy: the brand's competitiveness is unlikely to have deteriorated, but the German currency has become more stable. A revaluation of the currency holds back domestic prices as imports become cheaper.

On the other hand, the Japanese economy is facing difficult times due to the accumulation of debts, primarily government debts. The world did not pay as much attention to this circumstance as to the US debt that formed much later.

Damaged the yen and the failure of major speculation on stock exchanges and real estate markets in the early 90s.

Despite this, since August 1992, it began to gradually rise from the level of 1.10 German marks, reaching an intermediate exchange rate of 1.68 marks (for 100 yen) by the summer of 1993.

Of fundamental importance is the fact that the Japanese economy is more closely connected with the dollar economic space than with the European one. monetary system. Therefore, fluctuations of the yen, in principle, only with a greater amplitude, repeat the dollar against the EMU currencies, especially the German mark. The volatility of the yen and the associated opportunities for gains and losses on exchange rate fluctuations are much higher than for the Swiss franc, which is more oriented towards the European market.

It is useless to open an account in the German branch of a Japanese broker bank, unless, of course, you are going to invest millions in Japanese. However, you can open a yen account in almost any Swiss bank and use it to purchase Japanese stocks and bonds. You will receive the most specific advice at the branches of Japanese banks.

Australian and New Zealand dollars

For a number of years, loans in these currencies brought record interest income. Later, their profitability came to naught as a result of devaluation. Undoubtedly, Australia as a commodity country located in a politically calm place has a bright future ahead of it. the depreciation of both currencies against the German mark had previously been interrupted by periods of relative growth that lasted for months.

4. When choosing a country for placing your foreign deposit, do not limit yourself to one currency you have chosen

Recall the reasoning in section 1.1, according to which you should not keep large amounts in bank accounts in the currency of the country where the bank is located. Use a foreign bank primarily as a service enterprise for other types of investment of your funds. At the same time, it is not at all necessary to transfer them to the currency of the country where you opened the account. It is typical of the five neighboring countries of Germany that we consider in this book that they also distribute their deposits in different currencies to different countries. This is especially true for Luxembourg and Switzerland due to their international orientation. In Holland and Austria, you can get a decent income without changing the currency. In Austria, deposits in German marks are preferred, while Dutch deposits are primarily focused on North America and Great Britain. In Luxembourg mainly, but also in Switzerland, many foreign clients do not open accounts in the currencies of these countries at all.

Accounts in branches of the same bank in different countries

If you have a very large amount, you can distribute it among the branches of the same bank in Luxembourg, Switzerland and possibly Germany. In this case, you will be able to use the specific advantages of investing in all these countries due to the formally simple transfer of shares of your capital from one country to another.

The disadvantage of investing all your funds in the same bank, even in countries, is that it is less versatile - advice than if you entrusted your money to banks with different investment philosophies.

5. Open bank accounts in countries where it will be easier for you to visit: personal contacts abroad are more important than your country

As just shown, when choosing the country in which you are going to open an account, you should not give preference to a particular currency. Your choice of a foreign bank and, accordingly, the country where it is located, should depend primarily on whether you can personally visit this bank (and your consultant). This is essential for the success of investment advice.

This may be the country where you spend or at least you can often visit. Swiss bankers have adapted to the influx of vacationers from Germany in the summer months and skiers in the winter. According to the observations of currency speculators, during periods of influx of tourists, German in Zurich falls slightly in price, as large quantities of banknotes are exchanged: Cash, as a rule, does not leave traces.

If you travel a lot on business, of course, it is better to open an account in the country where you visit most often. Then the visit will not always be on the one when the capital market is not too busy, since most of its participants are on vacation. In the middle of the stock exchanges usually, often leads to unexpected changes in the course: suddenly 'appearing demand does not find any supply. On the other hand, bad news forces those who stay at home to throw stocks into the market, but there is no one there who would be interested in them, and this can lead to excessive depreciation.

Finally, it is possible to open accounts in multiple countries, thus taking advantage of the special advantages and differences in fee structure highlighted in this book. So, in Austria, you can open a savings account and, going to summer, deposit money into it. On the way back, you can pass through Switzerland and dispose of the speculative shares held there on deposit. Additionally, you can open a small deposit giro account in Luxembourg by investing short-term securities with fixed interest. It is these deposits that are preferable during periods of rising interest, when the rate of medium and long-term securities with a fixed interest falls, this is not the right time and you can also wait out for investing money in stocks by investing in the most profitable currency in this currency. In this case, in Luxembourg you do not have to pay intermediary commissions, how! it would be in a Swiss bank.

However, you should not overscatter your capital. The possible consequences of this are highlighted in the next section.

The way out is to conclude agreements with branches of the same bank, possibly with foreign branches of a German bank. If the German or savings bank you have worked with is represented in Switzerland by a communal bank, you only need to check the table to see if they also have subsidiaries in Luxembourg. It's the easiest way to make your money work where it's most beneficial in terms of value! view of market conditions and interest rates.

If it is important to you that your accounts be maintained by a Swiss bank, first find out which swiss banks are represented in Germany by their branches and whether they are in Luxembourg.

No matter how convincing it may seem to be able to open accounts in the same bank, but in different countries, in order to quickly redistribute your funds, in practice this may not be the case! Fine. In fact, the ladies and gentlemen you interact with at each branch are far more interested in your interests! its branch than a bank in . Although such a "parochial" approach is not expressed in words, in fact it is clearly visible. The client is evaluated in the amount that is in his account or in the deposit. Whether you have funds in other branches or not, your consultant is deeply indifferent. money is simplified! only in some cases it is easiest to send from one bank to another.

Therefore, many investors prefer to concentrate funds intended for investment abroad in one bank in order to avoid dispersion of money, or consciously trust foreign banks by diversifying investments. For this, the bank branches in Switzerland and Luxembourg have all the conditions.

By giving a brief summary of the advantages of the banks of neighboring countries as a depositor and a speculator, we would not like to influence your decision. The determining factor for such a choice is still the possibility of regular personal contacts.

5. Finding the “cheapest” bank is pointless

Das Wertpapier ("Securities") published a comparison of the costs of acquiring and depositing securities with banks in five countries; two examples of deposits in the amount of 100 thousand and 300 thousand marks were used for the calculation. The results vary greatly. The minimum fees are from the Danish bank Jyske and the Belgian Credit General. Maximum - one Dutch bank. The lowest fees for - at the Schweize-rische Gesellschaft ( swiss bank). Acquisition of securities in three Austrian banks (except Oberbank) will be very expensive. Price banking services cannot be assessed depending on the country in which the credit is located. The fee structures of individual banks vary even more. and a bank that is very profitable for depositors who often replenish their deposit accounts may be "expensive" for those who keep their securities for years. You need to prove yourself a meticulous mathematician and take into account all the factors to choose the most profitable bank. These include not only travel expenses, but also investment advice that best suits your needs. On the other hand, these frictions depend on the amount you are going to invest, as well as the characteristics of your depositor psychology.

The yield of deposits in Japanese yen is less high when compared with deposits in euros, dollars or rubles, however, such deposits may be justified, especially if your trips to Japan become more and more regular.

IN Russian banks Japanese yen deposits are protected by the State Deposit Insurance System.

If Russian bank, the depositor will receive his contribution in full and additional interest that was accrued during the entire period of the actual presence of funds on the deposit.

The sum insured is paid in rubles, taking into account the current exchange rate of the Japanese yen at the time of license revocation. The exchange rate data is set by the Central Bank of the Russian Federation and the amount cannot be more than 1.4 million rubles.

The earning potential you can earn is reduced by wire transfer fees and conversion costs. The depositor must obtain all information regarding these conditions from the bank in advance.

Deposits in Japanese yen in Russian banks

Here are some of the most popular Japanese yen deposit programs for you to choose from:

1. Arksbank offers a "Reliable" deposit with an annual rate of 6.5% for a year. Minimum amount the deposit is 290 thousand yen. The depositor receives interest at the end of the term and has the right to replenish the deposit. Opening a deposit under these conditions is available in Chelyabinsk, Voronezh, Belgorod, Vologda, Moscow, Essentuki and Pyatigorsk.
2. In Express-Credit Bank, an annual deposit "Maximum" is available with a rate of 3%. The minimum amount is 500,000 yen and interest is also paid at the end of the term. The depositor has the right to replenish the deposit. You can make such a contribution in Moscow.
3. Nota Bank offers a "Nota-Business" deposit with a minimum deposit amount of 3,000 Japanese yen. Annual interest rate is 3%, and the term of the deposit is from 366 to 548 days. Making a deposit with the conditions under consideration is available in Moscow, Ufa, Orenburg, Irkutsk, Yekaterinburg, St. Petersburg and some other cities.

Japanese yen deposits are available and . The minimum amount is 1,000 yen, and the annual interest rate is 2% if the deposit is less than 3 million yen and 3% if the deposit is more than 3 million yen.

Under the conditions of this deposit, there is an automatic extension for a similar period with the conditions in force at the time of the extension.

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Just a few years ago, the demand for foreign currency among bank customers was so great that some Russian citizens even took out mortgages in Swiss francs or Japanese yens. But the crisis has shown that it is risky to make long-term deposits in foreign currency and there is no way to predict its relationship to the ruble in the future.

But offers for a rare currency for the country in banks have gained a foothold and today, in addition to dollars and euros, deposits in Japanese yen, pounds sterling, Chinese yuan or Swiss francs are popular. At the same time, depositors are not worried that the rates on deposits in the currency of foreign countries are one and a half to two times lower than on the same deposits, but in rubles. Because deposits of this type are fully protected from internal inflation.

Who benefits from holding deposits in Japanese yen?

Despite the fact that a deposit in yen is not as profitable as a deposit in euros, dollars or even rubles, in some cases it is beneficial to have a deposit in Japanese currency. For example, if a bank customer works in Japan or frequently visits the country for other reasons.

And state system insurance fully protects the deposits of Russian bank depositors who keep money in Japanese yen. If suddenly the bank's license is revoked, the client will receive not only all the funds on his deposit, but also a percentage for the entire time the money is kept in the bank. The only thing is that the insurance will be paid in rubles, but at the exchange rate Central Bank on the date of license revocation. In addition, it is important to know that the payment cannot exceed 1.4 million rubles.

Before contacting a bank and placing a deposit in Japanese currency there, be sure to check all the conditions of storage. The fact is that the commission for the conversion Money or during non-cash payments, it can significantly exceed all interest accumulated over the deposit period and neutralize the entire benefit from the deposit.