An unallocated metal bank account: pros and cons, whether it is profitable or not in precious metals, opening rules, list of banks, taxes and insurance, reviews

Investments in gold have always been considered one of the most reliable and profitable types of investment.
Gold is a precious metal that is considered a symbol of prosperity and wealth; it is always in value. Therefore, in the old days, all savings were kept in gold. This method of accumulating funds is still relevant today, but the procedure for investing in the precious metal itself is very different. The easiest and most effective way to invest in gold today is to open a metal account for this type of raw material at Sberbank. In this way, it is possible to reliably insure savings against inflation and currency fluctuations, preserving funds for many years.

An impersonal metal account - what is it: concept. Metal accounts - profitable or not

The concept of an impersonal metal account implies the display of information about the subject of the deposit without identifying features. A bank client invests in a precious metal without information about the hallmark, name, or stamp of the Federal Assay Office, which determines the name of the investment instrument. If you are wondering what depersonalized metal accounts are, you need to consider 2 definition options:

this is a contract that allows you to manage a certain amount of valuable metal (sell, buy); when opening an account, the client deposits a certain amount, which involves investment, since the bank immediately converts this money into gold or other material at the appropriate rate;
this is an account that displays the amount of precious metal in grams, there is no more information, since at the opening stage physical gold is not purchased, so there is no data on the precious metal, but this does not mean that compulsory medical insurance implies the possibility of purchasing low-quality metal, i.e. because the gold in the bank has certificates, quality marks, and has been tested.

When considering the possibility of opening a metal account, you need to find out how profitable it is - whether it will allow you to make a profit. So, compulsory medical insurance is just a tool used to earn money. But it will not work on its own (except when interest is charged).

To make a profit, you need to track the exchange rate of gold or other valuable metal for which a compulsory medical insurance account has been opened. When there is an increase in the price of a precious metal, it can be sold. Then the client will make a profit - this is the difference between the cost of the valuable material at the time of purchase and sale.

Gold 1000g gold bar
Income will be higher if the precious metal remains in the bank for a long time. At the same time, its price is steadily rising. If you sell gold or silver 6-12 months from the date of purchase, there may be no profit, and sometimes the client goes into the red. For this reason, you should open a metal account only for a long term. In some cases, a bank client makes a profit, even if the deposit was made relatively recently. This happens in times of crisis, when the price of a precious metal changes dramatically and can rapidly rise or fall. The exchange rate is gradually recovering; if you sell gold on time, the income will be 20-30% (2009 precedent).

Compulsory medical insurance opened for 3-5 years or more are considered statistically profitable.

Features of metal accounts

However, it is necessary to pay attention to some features. Firstly, it must be technically possible to open compulsory medical insurance in a particular bank branch - the branch must have special measuring equipment. Secondly, such deposits are not covered by the insurance law. Thirdly, the investor must pay personal income tax on his own.

It should also be taken into account that if the deposit involves the purchase of precious metal, then the investor will have to pay the bank’s expenses for its storage. These are the main features of a gold deposit at Sberbank. The rate at which interest is calculated needs to be clarified - quotes at the Central Bank change every day. Even if the price of the precious metal began to decline, experienced investors do not consider this a reason to panic. This is not a reason to make hasty decisions. The price of a gram of gold depends on the influence of many factors: uncertainty in the exchange rate of the American currency, jumps in oil prices, various natural disasters, as well as the notorious economic crisis. Also, an increase in the money supply - inflation - may influence the price increase.

Metals for impersonal accounts

It is assumed that a metal account can be opened only for the transfer of the equivalent of a valuable metal to it. The bank offers several options for materials:

palladium;
platinum;
gold;
silver.

They note the low cost of Ag, which is partly why the metal is popular. Wide distribution, as well as frequent choice for investment, is also due to large production volumes. The silver rate changes faster, which allows you to make a profit. A gold account is opened quite often, because historically, this material has been given the greatest confidence. Platinum group metals receive less attention from investors, which is undeserved, given their high cost.

Palladium has the highest yield, which allows you to get more profit. It is followed by silver and gold. In last place is palladium. Despite this position of precious metals in the ranking of the most profitable investments, funds are most often invested in Au.

Palladium - 31%

The metal is used in industry, and not just in jewelry. This ensures stable demand for it, which increases the reliability of investments. The disadvantage is the complex extraction procedure. This explains why palladium is produced in relatively small quantities. This feature further increases the cost of the material. But its reserves in nature are much greater than those of gold.

How to find out the profitability of metal

Profitability is an indicator determined by the change (dynamics) in the cost of precious metals in which metal accounts are opened. Various options are possible:

“on-demand” deposit: return without interest, consisting of the price of the precious metal at the time of its purchase and sale, in order to make a profit, you need to wait until the value increases; if this does not happen, the client will not make a profit and may suffer losses;
urgent: the depositor makes a profit thanks to exchange rate quotes, the bank also charges interest for the period for which compulsory medical insurance was opened; if the funds are withdrawn earlier, additional profit in the form of % is not taken into account.

On the London Stock Exchange, the price of the precious metal is pegged to the dollar, the unit of account is the troy ounce (31.1 g). The Central Bank of the Russian Federation converts currency into rubles, and ounces into grams.

Profitability calculator: download

Bank websites have a calculator for calculating profitability. It is used if you plan to invest in various assets. The calculator can be found by going to the section on deposits and precious metals. Information to be provided:

type of precious metal;
the period when it is planned to make a contribution, in accordance with this, information on metals will be provided, since it changes;
amount in rubles.

The oldest type of investment

The history of investments in gold goes back about 3-4 thousand years. After all, objects made of this metal were found by archaeologists in the tombs of Egyptian pharaohs, as well as in the territories of European cities. It has always been beneficial for people to keep their savings in gold equivalent. Material objects could lose their value over time, but this never happened with gold.

Why do investments in gold have such a long history? This metal is valued because it has always been difficult to mine. Very small amounts of it can be found in natural sources. In addition, gold does not enter into any chemical interactions with other substances. It stores very well and its appearance does not deteriorate. Gold is also a very soft metal - it is easy to mint and cast.

In the second half of the 19th century, many countries decided to abandon the gold backing of their currencies. At that time, investor interest in this metal became significantly lower. However, when the global economic crisis of 2000 hit, society remembered the existence of an effective and safe method of increasing capital. The most prudent investors began investing in gold at the beginning of the new millennium.

How to open a compulsory medical insurance account

There are different possibilities:

visiting an office: if there is a branch nearby where it is proposed to open a metal account, a bank employee will help you register a deposit; the advantage of this option is the opportunity to receive additional advice as transactions are carried out, thanks to this the client will be able to carry out similar actions independently in the future;
online banking (option not available in all banks): operations are carried out from home, just register on the website of the selected bank, for this you provide personal data, but you need to enter it once, in the future the login procedure through online banking is simplified;
mobile application on the phone: access to the online bank is also possible from a smartphone; if the registration procedure has already been completed from a desktop computer, then all operations can be performed after simple authorization.

Brokerage services

The second financial instrument is the active use of services within the framework of brokerage services. In Russia, the activities of brokers are legalized. Therefore, to gain access to leading online exchanges and the ability to safely carry out transactions with securities, it is recommended to sign an agreement with a reliable banking organization.

By choosing brokerage services from Promsvyazbank, the client has a number of advantages, including:

For existing clients, there is the possibility of concluding a cooperation agreement in a remote format.
Favorable tariff offers.
Free account management.
Guaranteed discount for brokers who have been successfully trading for at least six months.
Efficiency and reliability of transactions through the QUIK platform.
Free access to the QUIK Internet service.
Opportunity to receive free consultations from a professional expert.
Conducting analytics.
Opportunity for professional growth and obtaining investor status.
Registration and issuance of certificates at any of the stationary offices.
Opportunity to invest with a minimum amount of savings.
Removal of restrictions on the number of mandatory payments.

To view the tariff schedule, click on the active link.

Market analysis of participants by criteria

It is advisable to invest money in precious metals, provided that information on the subject of investment (gold, silver, etc.) and this market segment has been studied. It is important to understand how profitability is determined, what it depends on, and why quotes are needed. You should take into account the forecasts of well-known analysts. Moreover, information from several sources is studied, since the point of view of one specialist may limit the perspective of a potential investor.

Bank reliability

The metal account being opened must be provided with guarantees, at least conditionally, if not from the bank (the financial institution does not insure metal deposits with compulsory medical insurance), then according to indirect parameters - for this purpose the bank is chosen based on its degree of reliability. To find out which government or commercial financial institution you can trust, consider the following factors:

studying the indicators of individual credit ratings, compiled by global agencies;
collection of publicly available information about owners, holders of major blocks of shares, reviews in the media space;
checking the bank number in ratings - compiled by private and public organizations;
assessment of financial indicators, compliance with NBU standards.

It is not always possible to collect such information on your own, so it is recommended to contact friends who understand such issues. An alternative option is consultation with a specialist.

Opening fee

You can open an account for free. However, the investor faces losses when he wants to close the account and sell the precious metal. In this case, not only the tax is paid, but also the bank commission. Moreover, it is quite large. You need to prepare for the fact that the costs of producing the bullion, insurance, and transportation to the bank are also paid by the investor.

Spread size

The difference between the price of a precious metal when buying and selling is often significant. This phenomenon has a name – spread. It may differ, which is also considered one of the parameters for selecting a bank. But a low spread is not always a criterion of trust. The bank may not meet the investor's requirements in other respects.

Transaction restrictions

The amount of the deposit varies, depending on the conditions of the bank. The size of the amount is not limited, and there are no requirements for a minimum account balance (it is acceptable to reduce it to 0). However, there are age restrictions. Transactions can be made by persons who have reached the age of majority, otherwise they must have representatives.

Is it profitable to invest in gold at Sberbank?

So far, investments in precious metals cannot be considered very profitable. Discussions about whether it is worth buying gold need to be supported by the dynamics of its price, and it currently shows low stability. There is reason to believe that this instability will continue in the near term. The following facts give the benefit of the doubt:

The consequences of the global financial crisis have not yet been overcome. This means that the needs of industry, including jewelry, will increase, if at all, not very quickly.
The reputation of the “yellow devil” as a means of saving and accumulation has been significantly damaged due to the rapid drop in quotations that occurred after 2011. People who invested their savings in the precious metal and were forced for various reasons to sell their assets suffered losses. Their example (as many people think) is a science for others.
Sberbank's zero interest rate on gold deposits does not in any way stimulate the opening of compulsory medical insurance.

However, citizens, after weighing all the pros and cons, persistently buy coins and bars. Compulsory medical insurance is also in demand. This leads to the conclusion that they consider such transactions profitable. There are reasons:

Despite a significant drop in quotes, they have already begun their rise.
Gold reserves on the planet are limited.
Sooner or later, the stagnation of the world market will be replaced by a revival.
If we do not take into account the previous decline, over ten years the price of the most popular precious metal has still increased tenfold.

Ultimately, investing in gold will be profitable. As the French saying goes: “the patient gets everything.” There's just no need to rush.

Procedure for opening compulsory medical insurance in a bank

The main points of registering a metal deposit are the same for all financial institutions since it is based on a standard procedure. Each bank may have its own requirements, they perform a complementary function, but can contribute to the creation of a new algorithm that allows you to open an impersonal metal account. Today, many financial institutions offer this service: VTB, Rosselkhozbank, Alfa-Bank, etc.

Sberbank

You can contact your nearest branch, having first checked whether it is possible to open a compulsory medical insurance. Sberbank even provides such an option in Internet banking, which sets it apart from others. Main stages of online registration:

Log in or register.
Select the “Metal Accounts” section.
Determine the type of metal, the size of the contribution, and other parameters. Fill in the form.
After studying the terms of the contract, pay for the purchase of metal.

Conditions for opening a deposit

You can make a deposit either in one of the bank’s branches or in the online application. The service is unlimited and does not require re-registration. Opening and closing an account is free. The minimum deposit amount is from 0.1 grams of gold.

Required documents

If you are not a bank client, you will need to visit any of its branches, taking your passport or other identification document with you.

If you already have accounts with Sberbank, you can carry out the procedure online by filling out a simple form.

Requirements for depositors

Any citizen of the Russian Federation who has reached 18 years of age can open a deposit. It is allowed to open deposits for minors by an official guardian.

Also watch an interesting video on the topic:

What is needed to open compulsory medical insurance

When visiting a bank to perform various operations, a passport is most often required. Without it, it will be difficult to open an account or get a loan. In the same way, there is a rule for registering a metal deposit - you must present a passport. Sometimes they ask for a TIN (if the client is new and has not yet opened current accounts with this bank). You must have sufficient funds (cash or electronic equivalent). It is also required to open a current account with a bank, which provides the opportunity to use a financial instrument (CHI) for your own purposes.

Anonymized metal account agreement

When a metal deposit is drawn up, it is based on an agreement drawn up between the parties (bank and client). It contains all the necessary information about the subject of the transaction: deadlines for fulfilling obligations, the cost of the precious metal in an impersonal account, etc. Appendices to the agreement:

application for the opening of compulsory medical insurance;
application for the purchase of valuable metal.

Individual investment account

The third financial instrument is the IIS. Opening an individual investment account is relevant for clients who do not accept the collective division of their investment portfolio. Only individuals can activate this type of account for the purpose of accounting for securities and monetary capital. The purpose of creating an IIS is to improve the status of investments by obtaining a tax deduction.

List of features and conditions for activation and maintenance of an individual investment account:

Each legal entity has the right to enter into no more than one IIS agreement.
The service is available only to tax residents of the Russian Federation.
The maximum contribution limit is limited to 1 million Russian rubles.
The investment period cannot be less than three years.
There is a restriction on withdrawing funds from the balance during the contract period.
There is no possibility of combining tax deductions.

To apply for activation of an IIS, you must fill out an application using code 2940 in your personal online banking account. The service is available to clients who have signed an agreement on the provision of comprehensive services and opened a current account.

Maintaining compulsory medical insurance: rules of the game with quotes and spreads

Quotes change 2-3 times a day, this is facilitated by various factors (the market situation has the strongest influence). The bank sets the price of the precious metal above or below the price of the National Bank. If an investor is considering the purchase of gold when applying for compulsory medical insurance, the price is lower than that set by the Central Bank of the Russian Federation. When a client decides to sell a valuable material, the bank sets a price higher than that set by the Central Bank. This is how a spread is formed, allowing the financial institution to earn money. An investor can track quotes on the bank’s website if he wants to profitably sell gold, silver, and other valuable materials.

Taxation and compulsory medical insurance

A tax is levied on profits received from transactions with precious metals (13%). It is necessary to indicate income in the next year's declaration. Often the bank itself acts as a tax agent, which gives it the right to withhold the required amount when transferring funds.

Income tax is not taken into account in the declaration if the amount is less than 250 thousand rubles. or the precious metal was stored in a compulsory medical insurance account for 3 years or more.

Deposits for compulsory health insurance are not covered by the insurance system. For this reason, it is important to carefully choose a bank at the initial stage, when you are just planning to open a metal deposit.

Investing in gold bars

Depository services

The depository is presented as the fourth financial instrument. For the past 20 years, Promsvyazbank has been offering clients depository services for prompt resolution of any transactions with securities:

Accounting.
Safe storage.
Making changes to the register when changing ownership or transferring rights.
Transfer of profit received to a cash account.
Certification.
Corporate services.
Conducting international transactions.
Providing reporting and tracking dynamics in real time.

According to ratings from news agencies, Promsvyazbank annually confirms its reliability and receives the highest degree of trust - AAA.

Advantages and disadvantages of compulsory health insurance as a means of investment

When deciding to buy a virtual precious metal, they study the advantages and disadvantages of this method of investing. Pros:

no need to purchase physical gold or silver, which speeds up the procedure for selling and converting valuable material into rubles;
no risk of losing invested funds (unless a decision was made to sell valuables in the wake of a falling exchange rate);
there is no need to check the quality of the metal when opening an impersonal account;
the minimum amount of valuable material for registration of a deposit is from 1 g;
no taxes are paid if gold/silver is kept in the account for more than 3 years;
no logistics costs are expected, since there is no physical property (precious metal);
when opening an account and performing operations while maintaining it, no commission is charged;
the spread, although quite high, is less than when performing operations with “live” gold;
a simple operation of opening an impersonal account.

Minuses:

payment of taxes when storing precious metals for less than 3 years and upon sale;
the mechanism for transferring funds between compulsory medical insurance accounts is poorly developed;
there is no insurance if the bank’s license is revoked or the deposit is at risk for another reason.

Current cost of metals on compulsory medical insurance

If you sell the metal at the wrong time (the investor will be in the red), this will lead to debt to the bank. Moreover, the debtor will be obliged to repay it. To prevent this from happening, it is recommended to monitor the quotes of valuable material. Current data for June 2021 (Sberbank):

Gold

The cost of gold on compulsory medical insurance
Silver

Possible risks

Changes in the price of gold in the world over the past 20 years
When considering compulsory medical insurance as an investment instrument, clients should take into account 2 types of risks.

According to federal law, metal deposits are not covered by insurance, as is the case with regular deposits. In this case, Sberbank clients risk less: a bank with assets that are half owned by the state is unlikely to face bankruptcy and revocation of its license.
No specialist can predict the course. Precious metals prices may rise slowly or even stop rising. Sometimes this process can be lengthy.

Question-answer section:

Is it possible to open several compulsory medical insurance accounts?

Expert opinion

Zilbertrud Dmitry

Lawyer, legal bureau "Verdict", Voronezh

The client has the opportunity to make several deposits. But they must be in the same bank. This is due to the fact that transfers between financial institutions (abroad too) are still difficult. Moreover, accounts are opened according to one type, each of them is issued for deposits in different currencies. The disadvantage is the inability to transfer valuable materials from one account to another.

How much money do you need to open an account for the first time?

Expert opinion

Anton Egorov

Financial Consultant

Banks may set a minimum limit for opening a deposit. Most often it is 1 g. If silver is considered, some of the financial institutions set a limit of 100 g, because the cost of such metal is low.

How does Tinkoff Bank open an OMS account?

Expert opinion

Anton Egorov

Financial Consultant

There is an exchange-traded fund called Tinkoff Gold. It allows you to protect your deposits and avoid commissions. Investments in an investment fund allow you to gain access to virtual gold, and inflation will not affect it. There is no information directly on the Tinkoff Bank website about providing the opportunity to open an impersonal compulsory medical insurance account.

Mutual funds

The first financial instrument is mutual investment funds (hereinafter referred to as mutual funds). Investments in mutual funds are optimal for decisive clients who prefer the collective transaction format. To invest in mutual funds, it is not necessary to be an experienced investor and have knowledge in a narrow profile, since all work on the distribution of funds is carried out by professionals from Promsvyazbank. All you need to do is not be afraid to invest money in securities. At the same time, the volume of investment does not limit the potential shareholder in choosing a strategic concept.

The principle of investing in mutual funds is quite simple: the investments of several shareholders are combined to form a common portfolio in order to make a profit. The share of each participant is set as a percentage and proportional to the amount of investment.

The advantages of mutual funds for Promsvyazbank clients are obvious:

Minimal energy consumption. All the main work is carried out by specially trained managers with many years of professional experience in the securities market.
Providing access to information and guaranteeing absolute control.
Possibility of forming a diversified portfolio, regardless of the volume of investments.
Opportunity to become a shareholder with minimal cash savings (from 3 thousand Russian rubles).
Opportunity to conduct business in all regions of the Russian Federation.

To decide in advance on the type of investment strategy, it is recommended to take a simple online test.

Anonymized metal account: reviews

I hold gold on compulsory medical insurance, I haven’t withdrawn it yet (Sberbank). The exchange rate jumped a lot after the last crisis, but I didn’t have time to catch the wave and made a deposit later. So far, almost 1 year has passed since registration, it’s too early to withdraw funds, I’m still waiting. The rate is slowly but growing again.

Arnold Sh, G. Moscow

Vlad Zh. g, Moscow

I opened a metal account 3 years ago (Alfa Bank), now I can sell gold without taking into account income tax, which is nice (as a bonus). But I don’t plan to withdraw the funds, let them still lie there. I see that gold is still periodically rising and falling, there is no exact forecast. We plan to leave this contribution for decades, just for fun. In any case, I won’t lose much, because I started with 1 g of gold.

I receive a salary from Gazprombank, they also offered to open a compulsory medical insurance, I agreed. It seemed attractive to me that you could invest a small part of the money (I took 10 g of palladium), and later make a profit.

Dmitry K., Yaroslavl

Financial broker's opinion

Gribanov Stas

Broker, 12 years of experience on the stock exchange

Beginners usually make minimal investments, and more often out of interest: whether they will be able to make money. But profit (real, large) cannot be obtained in this way if we are considering compulsory medical insurance. Here you need to understand the market, distinguish between trends (permanent, short-term). You can sell gold before it reaches its peak and falls slightly in price. There are many subtleties, but a deposit of 1 g is a good solution when you want to learn tediously without fear of losing money, since there is absolutely no risk when it comes to a metal deposit.

Profitability of gold deposits

Most banks have stopped offering the service of opening time deposits in gold, replacing this product with unallocated metal accounts. But there is no significant difference - interest rates on such deposits have always been the lowest. And the main income of deposits in metals was not in annual interest, but was based on forecasts of an increase in the price of gold and the positive difference in this price at the beginning and end of the deposit period.

Today, the yield is almost completely consistent with London quotes:

XAUUSD chart courtesy of TradingView

What is the maximum income you can expect?

Whatever method you choose for yourself, it will be closely related to stock quotes. And in the game on the stock exchange, as you know, you can quickly get rich, but also quickly go bankrupt. It all depends on the player’s talent, but if we consider the price of gold over the past 10 years, then during this time, gold account holders have increased their investments by more than 4 times, totaling 40% per year.