The habit of saving money in cash is a thing of the past. This is due to the rapid development banking system. In addition, as you know, money should work and bring, albeit small, but profit. Today there are several ways to host your own cash in the bank. This can be a regular deposit or a plastic card and a current account in a financial institution. These products have been known to consumers for a long time.
Relatively recently on domestic market banking services, a new offer appeared - a savings account. We will talk about it further.
The very name of the product indicates that the funds on it can not only be stored, but also extracted from them some profit. What category of the population uses this offer more often? First of all, we are talking about holders. bank cards. Often, already in the process of processing plastic, managers offer customers to open a savings account in a bank. What features does this product have, what are its differences from traditional accounts? How to use it and in which financial institution is it better to open it?
Many service packages offered by banks already include the option of opening a savings account. Most of the time, that's how it's done. There are several main reasons that may encourage bank customers to open a savings account. First of all, it should be noted that for this kind of accounts, credit institutions offer more high percent accrued on the stored funds.
In addition, often the terms of the agreement do not provide for the receipt of dividends on the main card account at all. Sometimes banks set limits on the maximum deposit amount. In this case, the client gets the opportunity to transfer part of the funds to the savings account. Customer reviews confirm that this product can act as a kind of guarantor of the safety of money. There are frequent cases of loss of plastic cards, as well as various manipulations with them by fraudsters. A savings account gives you a sense of security and peace of mind regarding the safety of your savings.
Surely many are interested in the possibility of creating a savings account without issuing a plastic card or concluding an agreement with a bank to provide a certain package of services. It must be said at once that not all financial institutions provide such an opportunity. For example, Raiffeisen Bank does not require a bank card to open a savings account for its customers. In addition, in this institution, you can replenish the savings account or withdraw funds from it both in cash and by non-cash payment.
Managing your savings account is easy and convenient. First of all, this applies to existing customers of the bank. They can use the Internet to remotely transfer to it or withdraw funds at any convenient time. In this case, you can use both a personal computer and a tablet or smartphone.
AT last years financial institutions vigorously popularize savings accounts among the population. And there are many reasons for this. This product can really be interesting and beneficial to many consumers. So, often these accounts offer a higher yield compared to deposits for a fixed period. How is interest calculated on a savings account, and in what amount?
The value of the rate may be affected by the size of the balance on the account, the level of prestige of the package of services within which the account was issued. In addition, the interest is also affected by the period during which the money was kept on it. For example, VTB Bank offers consumers a rate of up to 10% per annum.
Among the main advantages of a savings account is the absence of a fixed period of its operation. It is issued for an unspecified period, and the time of storage of funds on it is not specifically specified in advance and is not determined. The client has the right to decide when he needs to withdraw the required amount or, conversely, replenish the account. But there is one caveat. The final interest rate sometimes depends on the term of keeping money in such an account.
The terms of the savings account compare favorably with the deposits that were popular at the time, which provided for the possibility of replenishing and withdrawing funds. In addition, the mentioned deposits, as before, are subject to restrictions regarding the minimum balance, the maximum amount of money that can be withdrawn, as well as the minimum amount of replenishment of the account. Also, for such deposits, periods are set through which you can replenish or withdraw funds.
For term deposits, a constant interest rate is determined, if it was fixed in accordance with the terms of the concluded agreement. In addition, there are deposits with varying interest. Its size is influenced by the key rate set by Central Bank Russian Federation(Bank of Russia). During the period of keeping funds in the bank, this parameter may change, but such cases must be prescribed by the parties in the contract.
The current interest rate on the savings account is known at the time of its opening. At present, there is a trend to reduce rates, and in the near future, they, apparently, will not grow. It should be noted that the savings individuals are protected by the Russian state corporation DIA (Deposit Insurance Agency). This applies to both deposits and savings accounts.
By and large, a savings account has only one drawback in comparison with a term deposit. Such accounts have a lower yield than deposits. Some banks specifically limit the maximum amount that can be deposited on it. In addition, certain limits are set on the interest rate, depending on the amount of funds deposited by the client. For example, if the amount is less than 300 thousand rubles, then 7% per annum is charged. When depositing more money, the interest rate is reduced to 3% per annum. In different credit institutions, these conditions may differ.
It should be emphasized that some financial institutions set certain restrictions on the use of such an account. For example, VTB Bank provides an opportunity to replenish a savings account exclusively by bank transfer. And it will be possible to withdraw funds from such an account opened with Alfa-Bank only after the preliminary transfer of the required amount to plastic card. In this case, no commission will be charged if Bank card registered with the same bank.
A savings account is a convenient alternative to a bank deposit. It has undeniable advantages in the form of the possibility of constant replenishment and debiting of funds along with the daily recalculation of interest, and, in addition, in the form of ease of monitoring and management.
Those who are careful about their financial resources and regularly think about creating reliable savings often have to consider various options for saving them. One of the most convenient forms of this are savings deposits in banking institutions. Profitable savings account allows you to calculate interest on the daily balance of the account. And it does possible to obtain income from all funds that a person does not use at the moment.
But how can you open a savings account with a financial institution in order to get the most out of it? material benefit? To do this, you need to be aware of a few simple rules.
In any case, sooner or later, every bank depositor faces a choice between freedom of disposal of funds and decent interest on their deposit. The term nature of a bank deposit has a number of significant restrictions on withdrawals. Its alternative is savings accounts in the bank. They are more convenient in everyday use, as they can be used more freely when withdrawing or transferring finances without losing any interest.
In addition, the conditions of the savings account do not seem to be something complicated. Such accounts can be used not only for savings purposes, but also within the framework of current financial transactions. It is only necessary not to forget about the rules regarding the calculation of interest, which each banking institution has its own.
Most financial institutions offer the following conditions under an agreement to open a savings account:
There are several ways to open a savings account:
Some financial institutions, for example, UniCredit Bank, make it possible to open deposits through mobile banking. From individuals, this requires only the presentation of a passport. The offer for this type of account looks acceptable in other banks as well. Thus, the conditions for opening a savings account with VTB, namely, withdrawal of funds without loss of accrued interest and a base rate of up to 8.5%, will certainly seem attractive.
Funds, with the exception of the minimum balance, can be withdrawn from the account without any restrictions in a currency convenient for the client. The minimum balance is usually the amount you need to deposit in order to open a savings account.
When opening a savings account, the client signs an agreement with the bank. This document specifies the rules regarding the calculation of interest. In this case, several of the following options are possible:
The spread of interest rates on savings accounts can be significant not only for different financial institutions, but also for the same bank, which directly depends on the amount in the account.
For acceptance, Russian Standard Bank, with an amount of up to 29,999 rubles, provides an interest equal to 0.01%. However, already starting from 30,000 rubles, we are talking about seven percent. By the way, it doesn't make much sense to deal with rates below four percent. Of course, you can look for higher rates, but each such offer should be considered very carefully.
It should not be forgotten that the insurance compensation to a depositor in a situation where a license is revoked from a bank does not exceed one million four hundred thousand rubles for all accounts opened with this financial institution. For this reason, it is advisable to place larger amounts of funds only in reliable and systemically important banks, which have an almost zero probability of license revocation. Therefore, it is extremely important only in a reliable financial organization open a savings account, in Alfa-Bank, for example.
A savings account can be an excellent alternative to a regular bank deposit. Such accounts have unconditional advantages, among which are the following advantages:
What interest can you realistically expect when opening the described account? What nuances should be considered before signing the application?
To date, it is extremely rare for a bank to offer its customers more than two or four percent of accruals on the balance of funds, if the amount in the account is less than one and a half million rubles. For example, Sberbank provides customers with only four percent of the deposit amount from ten thousand rubles. Savings account from Alfa-Bank, referred to as " My Safe" provides up to 2% per annum on the minimum balance per month.
Some financial institutions, however, do not allow funds to be debited from the account below a specific amount. But there are exceptions.
For example, in UniCredit Bank, if a client invests an amount from ten thousand to eight million rubles, then he can safely count on 5%. Moreover, in this situation, daily interest payments apply. The general dynamics of savings can be traced in your personal account in mobile or internet banking. At the same time, the bank does not limit the account holder. Funds can be withdrawn or transferred to another account at any convenient time. In addition, a savings account can be opened not only in rubles, but also in other currencies.
It should be said that today UniCredit Bank is included in the list of the most reliable Russian financial institutions that participate in the DIA program. Many years of experience with depositors makes it possible to speak about the trust that customers place in this financial institution.
The main and obvious disadvantage of this method of storage financial resources, are considered more modest values of interest rates, which are provided by banking institutions. In addition, the interest rate is largely affected by the amount of money that is on savings account.
Another of the few shortcomings is common to all savings accounts of individuals. All of them are insured under the mandatory program, however, the amount of coverage does not exceed one million four hundred thousand rubles. In the event that the amount on the savings account exceeds the value of the insurance coverage, then in a situation where the bank has problems, the depositor will receive compensation in a smaller amount compared to the figure that he had.
In addition, the situation of the client may worsen due to the fact that in many situations he holds several accounts at the same bank at once. For example, a savings account can be used for the purpose of regular settlement transactions, and part of the money that is received there is transferred to a deposit. As for the maximum insurance compensation, then it is intended for compensation payments not for each account, but for all at once, which belong to the same citizen.
Therefore, in the event that a potential investor has large amounts, then it is better for him to choose a financial institution that is distinguished by the maximum degree of reliability, and, in addition, stability. As a rule, these are banks under the control of the state, and, in addition, structures that are backbone. But similar banking institutions offer lower interest on savings accounts, compared to small commercial organizations who are most interested in attracting new customers. And in this regard, it is very important to understand that by sacrificing a certain percentage, the holder of capital increases his chances of saving money.
For citizens who prefer not to spend all their income at once, but to create savings, the expediency of keeping their savings in a bank is not in doubt. In this article, we will consider this type of placement of money in the bank, as a savings account. This is a very convenient alternative to a term deposit, which has a number of disadvantages and does not imply the possibility of daily management of funds. As an example of the real conditions of a savings account, we will present the current offers from large banks.
If a bank client knows for sure the amount of money that he needs to make a large purchase and at the same time can predict his income, he will most likely be interested in opening a term deposit. This way of storing money involves placing it for a fixed period, the bank gets the opportunity to use this money for investments, and the owner of the capital receives an agreed percentage. As a result, the depositor has the opportunity to supplement the amount on the account with interest accruals and increase savings.
But if there is a need for fairly regular work with the money lying on bank account, then term deposit is not an appropriate way. For example, if a citizen has the opportunity to replenish the account frequently and make large purchases relatively regularly, it is more convenient to use a savings account.
Disadvantages of a term deposit
A term deposit has certain drawbacks, and therefore cannot cover the needs of all customers. So, if the depositor needs to withdraw his funds before the end of the period specified in the deposit agreement, he will lose a fairly significant amount when recalculating the interest on the deposit. And there are quite a lot of citizens who make contributions not for the purpose of forming a certain amount, but simply save available funds. In this case, it is difficult to predict exactly when the need for a large amount in a bank account will arise.
In addition, deposit products of far from all banks provide for the possibility of debit transactions. In other words, the terms of the deposit may not allow the withdrawal of part of the funds. Those deposits, the terms of which suggest the possibility of using funds on a term deposit, provide for the calculation of interest on the minimum balance that was on the account.
This is very inconvenient, since the money may be needed for only a few days, and at the time of withdrawal of the required amount, the balance that was fixed on the account will make the interest payment for a certain period insignificant. In addition, banks tend to set a “minimum balance” limit, that is, withdrawing an amount exceeding the designated threshold is impossible without closing the deposit. And the closing of the deposit, in turn, may entail the loss of most of the interest charges.
Another disadvantage is the fact that deposit offers from some banks do not provide for the possibility of replenishing a term deposit. That is, the funds on the account are simply “frozen” for some time, the amount cannot be withdrawn or increased, and this does not at all contribute to the growth of savings.
Savings account
An alternative to a term deposit is a savings account, which is incomparably more convenient in everyday use. The standard conditions that are basic for similar offers from many banks are:
The offers of some banks involve an increase in the interest rate depending on the time during which the money is in the account. In addition, the amount of funds in the account also affects the interest rate.
Thus, the savings account can be used both for savings and for daily work with money. Money from the account can be used to pay for purchases, services, money can be transferred from a savings account to a deposit account (subject to the availability of such a possibility in the deposit agreement).
With the help of a savings account, you can make a transfer of funds as part of opening a deposit online, or replenish an OMS (impersonal metal account) opened in gold or another metal.
Savings account disadvantages
The main disadvantage of such a method of storing funds as a savings account can be considered the more modest interest rates that banks promise. In addition, the interest rate is largely affected by how much money is in the account.
Another of the few disadvantages of a savings account is common to all bank accounts that are owned by individuals. All such accounts are insured according to the mandatory insurance program, however, the amount of insurance coverage cannot exceed 700 thousand rubles. If the amount on the savings account is greater than the amount of insurance coverage, then in case the bank has problems, the depositor may receive compensation in a smaller amount than the amount that was in his account.
The client's situation can be aggravated by the fact that, in many cases, the client has several accounts in the same bank. For example, a savings account is used for regular settlement transactions, and part of the funds received in this account are transferred to a deposit. And the maximum amount of insurance indemnity is intended for payment of compensation not for each account, but for all accounts belonging to the same person at once.
Therefore, if a potential depositor operates with significant amounts, it is better for him to opt for a bank that is distinguished by the maximum degree of stability. These are, as a rule, banks under the control of the state and structures that are backbone. Such banks offer slightly lower interest rates on savings accounts than small ones. commercial banks, in the maximum degree interested in attracting customers.
However, by sacrificing some of the interest, the owner of the capital increases his chances of saving money.
Bank offers
It must be said that almost every bank offers a savings account with “On Demand” conditions, moreover, the conditions of some credit organizations do not allow opening a term deposit or obtaining a bank card without the client having such an account. In this case, the savings account is the base account to which the card is "linked", and this account is the transfer of funds that were accrued in the form of interest on the deposit.
On the other hand, there are deposit offers that are more beneficial for account holders and may well replace the On Demand account, since the interest rate in deposit products is significantly higher.
Sberbank
One of the most stable banks in the Russian Federation, Sberbank, offers to open a specialized savings account.
A credit institution can offer its customers high reliability, interest rates on such an account - up to 2.30% per annum in rubles (0.40% per annum in US dollars and euros) - this is with an amount of 2 million rubles. From 100,000 to 300,000 rubles, the yield will be 1.70% per annum in rubles (0.2 in foreign currency with an equivalent amount on the account).
Alfa Bank
The bank can offer several accounts at once, designed for regular work with funds.
Savings account "Valuable time"
The account assumes an extremely flexible system for calculating interest payments. The rate is not fixed, but is calculated according to the minimum balance of money in the account for a certain period of time. The more time the funds have lain in the bank (during a quarter, six months or a year), the higher the interest rate. The annual interest rate at the time this article was updated can be as high as 9%.
The client is free to expenditure operations, replenish the account, withdraw money without losing interest. Some disadvantage can be considered the size of the minimum amount required to open an account - 300 thousand rubles. The same amount is a minimum balance, if you need to withdraw more money, then you need to close the account.
Savings account "Blitz-Income"
The account allows the depositor to increase his savings and at the same time be able to freely use the money. Interest rate can reach 5.6% per annum, accruals are calculated according to the minimum balance on the account during each month.
There are no restrictions on replenishment and withdrawal of funds, however, the table of interest rates suggests that more or less significant interest begins to accrue if there is an amount of 100 thousand rubles (min. balance) on the account.
Savings account "My safe"
The account is designed to create savings, however, there are no restrictions on withdrawals and deposits. The interest rate is relatively low - up to 1.8% per annum, however, the interface of the Alfa-Click Internet banking system helps to form savings. The program helps set a goal, determines the timing, and calculates the amount of contributions needed to reach that goal.
In our unpredictable time, every person tries to make a reserve for a rainy day. Financial crises also sharply raise the issue of maintaining the liquidity of funds. The most well-known way not to lose and even somewhat increase the accumulated amount is to open a deposit in a banking institution.
A bank deposit involves investing funds in a special account in order to receive interest that “accumulates” after banking operations.
Interest is accrued for a certain period of time and is accrued at the time the amount is returned to the client. After the time has elapsed, the investor can withdraw and dispose of the received amount at his own discretion, or increase the initial amount by capitalizing the interest.
Some, not so large credit organizations, provide customers with good rates. At the same time, one should be interested in whether the bank cooperates with the DIA or not. It is not recommended to invest more than 1,400,000 rubles and their equivalent in dollars (insurance compensation).
| Name of deposit | For how long (number of days) | Bet size | The smallest deposit amount |
| "Investtorgbank" | |||
| "Maximum" | 31-1101 | 1,60-2,50% | 300 |
| "Optimal" | 31-367 | 0,50-2,40 | 100 |
| "ITB Business" | 181-367 | 0,60-1,70% | 2000 |
| "Renaissance Credit" | |||
| "Profitable" | 91-731 | 1,0-2, 0% | 500 |
| "Cumulative" | 91-731 | 0,50-1,5% | 500 |
| "Comfortable" | 91-367 | 0,25-1,25% | 1000 |
Savings accounts in banks - a comparison of this type banking service with the service of credit institutions for the placement of deposits (deposits), we will present in our article. The main features of the legal status of savings accounts, the rules for their opening and use will be considered below.
Savings bank account is financial instrument, which allows its owner to receive interest accrued on funds placed on such an account. At the same time, a savings account differs to a large extent from a contribution (deposit), because according to the savings account agreement, the owner of such an account is given much more opportunities to manage the funds placed than when placing a deposit.
Thus, a savings account acts as an alternative to a deposit (deposit) and differs from the latter in the following characteristics:
The savings account agreement may also provide for such parameters as:
Thus, a savings account should be chosen by a bank client who wants to systematically receive passive income by accruing interest on the funds placed, but at the same time be able to freely use them.
It should be noted that interest rates are usually lower for savings accounts than for deposits.
Although banks for marketing purposes distinguish between such products as a deposit (deposit) and a savings account, the law “On insurance of deposits of individuals in banks of the Russian Federation” dated December 23, 2003 No. 177-FZ (hereinafter referred to as Law No. 177) states: under the deposit natural person means funds placed by citizens or in their favor under a deposit agreement or bank account(clause 2, article 2).
Thus, funds placed on savings accounts of individuals are subject to insurance by the Deposit Insurance Agency (Article 5 of Law No. 177-FZ).
There is no need to specifically conclude a separate insurance contract. On the onset insured event the owner of the deposit / account will be reimbursed the corresponding amount (within 1.4 million rubles - by the time of writing) by virtue of the law.
As for the insurance of deposits and funds placed on the accounts of legal entities, the state does not provide them with similar guarantees. A legal entity can insure its funds in voluntary by entering into a special agreement and paying the appropriate insurance premium.
Savings accounts can be classified on various grounds, for example:
In addition, almost every bank offers its own conditions for placing funds on savings accounts. However, in one or another credit institution in one line of products, several programs can be presented at once, differing in conditions and chosen by the client depending on the goals pursued.
At the moment, due to the abolition of the obligation of newly registered legal entities to pay at least half of the amount of the authorized capital even before state registration, such legal entities do not need to open a special temporary savings account (Article 12 of the Law “On state registration legal entities and individual entrepreneurs"dated 08.08.2001 No. 12-FZ).
At the same time, the legislation does not establish restrictions on the ability of economic entities to place free cash in deposits or savings accounts of legal entities. For these purposes, a number of banks offer special conditions use of savings accounts depending on the purpose of placement and the required level of flexibility of the account management program.
So, a savings account is a special banking product, which allows its owner not only to receive passive income in the form of interest, but also to freely manage the money placed on such an account. The terms of a savings account agreement usually provide for more low interest for accrual compared to the deposit agreement. Funds placed on the savings account of an individual are subject to compulsory insurance Deposit Insurance Agency for Individuals.
