How to choose a reliable Bank
How to choose a reliable bankwe dream of your home, car, resort, child training, a new refrigerator and you never know what else. As they say, everyone has their own.
We go to work every day, collect money just to fulfill all our dreams. And now comes the day when we realize that the accumulated bag can not be kept under the pillow. First, it is dangerous, and secondly, inflation “eats” earned.
In what Bank to give their savings, but choose so as not to repeat the fate of depositors “Nadra”, and that the percentage was more? But for a very high percentage of just chasing and not worth it. No fool came up with the idea that free cheese is only in a mousetrap. It would be the Bank to the detriment of themselves handing out money left and right? But let’s not forget that you should only compare the interest rates of large banks with large ones, and small ones with small ones. If the rate is higher by 3-5%, it means that it is urgently necessary to “close the holes”. As a rule, in such cases, the Bank conducts active advertising, promising high profits. Pay attention to the Bank’s loan portfolio. The more problem loans it has, the less opportunities it has to issue deposits.
The next stage of the study is the Bank’s reputation. On the NBU website, you can view the reports of all financial institutions. Also very important figures are their shareholders. After all, during the crisis in 2009, those banks that were helped by shareholders survived. In addition, almost 50 banks in Ukraine have foreign investors, some of them have existed in the financial world for about a hundred years. These structures feed their subsidiary banks, while those that do not have such support must get out of internal resources, which are almost non-existent. The more information on the Bank’s website, the better. Those for whom image is important provide customers with free access to information about the owner, financial reports and events. If the Bank does not have a website at all, this is a reason to think seriously. After that, you need to check whether the Bank is a member of the Deposit guarantee Fund of individuals. it is Worth visiting financial forums and reading reviews. The rating and image of the Bank is also an important factor.
Finally, read the agreement carefully and check whether the Bank reserves the right to change the agreement unilaterally.