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 daily recalculation of interest, and, in addition, in the form of ease of monitoring and management.
Those who are careful about their finances 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. A profitable savings account allows you to earn interest on your daily account balance. And this makes it possible to receive income from all means that a person does not currently use.
But how can you open a savings account at a financial institution to get the maximum financial benefit from it? 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 to manage his funds and decent interest on his deposit. The fixed-term nature of a bank deposit has a number of significant restrictions on withdrawals. An alternative to this is savings accounts in a bank. They are more convenient for everyday use, since they can be used more freely when withdrawing or transferring funds without losing any interest.
In addition, the terms of a savings account do not seem complicated. Such accounts can be used not only for savings purposes, but also as part of current financial transactions. You just need to remember about the rules regarding the calculation of interest, which each banking institution has its own.
Most financial institutions offer the following conditions for an agreement to open a savings account:
There are several ways to open a savings account:
Some financial organizations, for example, UniCredit Bank, make it possible to open deposits through mobile banking. For this, individuals are only required to present a passport. The offer of this type of account seems acceptable in other banks. Thus, the conditions for opening a savings account at 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Funds, with the exception of the minimum balance, can be withdrawn from the account without any restrictions in a currency convenient for the client.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 generally the amount required 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 among different financial organizations, but also among the same bank, which directly depends on the amount in the account.
For acceptance, Russian Standard Bank provides an interest rate equal to 0.01% for amounts up to 29,999 rubles. However, starting from 30,000 rubles, we are talking about seven percent. By the way, there is little point in dealing with rates below four percent. Of course, you can look for larger rates, but each such offer should be considered extremely carefully.
We should not forget that the insurance compensation to a depositor in a situation where a bank’s license is revoked 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 exclusively in reliable and systemically important banks, which have an almost zero probability of license revocation. Therefore, it is extremely important to open a savings account only in a reliable financial organization, 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 the following advantages can be highlighted:
What interest rates can you realistically expect when opening the account described? What nuances should be considered before signing the application?
Today, it is extremely rare that a bank is able to offer its clients more than two or four percent accruals on the cash balance, if the amount in the account is less than one and a half million rubles. For example, Sberbank provides clients with only four percent on a deposit amount of ten thousand rubles. Savings account from Alfa-Bank, called " My Safe" provides up to 2% per annum on the minimum balance for the month.
Some financial institutions do not allow funds to be debited from an account below a specific amount. But there are also 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, interest is paid daily. You can monitor the overall dynamics of savings in your personal account in mobile or online banking. At the same time, the bank does not restrict the account owner. 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 among the most reliable Russian financial organizations that takes part in the DIA program. Many years of experience working with depositors makes it possible to talk about the trust that clients place in this financial institution.
The main and obvious disadvantage of this method of storing financial assets is considered to be the more modest interest rates provided by banking institutions. In addition, the interest rate is greatly influenced by the amount of money that is in the savings account.
Another one of the few disadvantages is common to all savings accounts of individuals. All of them are insured under the mandatory program, although the amount of coverage does not exceed one million four hundred thousand rubles. If the amount in 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 client’s situation may worsen due to the fact that in many situations he holds several accounts at the same bank. For example, a savings account can be used for regular settlement transactions, and part of the money that goes there is transferred to a deposit. As for the maximum amount of insurance compensation, it is intended for compensation payments not for each account, but for all at once that belong to the same citizen.
Therefore, if a potential investor has large amounts of money, then it is better for him to choose a financial organization that is characterized by the maximum degree of reliability and, in addition, stability. As a rule, these are banks under state control, and, in addition, structures that are systemically important. But such banking institutions also offer lower interest rates on savings accounts compared to small commercial organizations that are most interested in attracting new clients. And in this regard, it is very important to understand that by sacrificing some percentage, the capital holder increases his chances of saving money.
We are gradually moving away from storing cash currency. The most common tool for saving money among the population is a bank deposit. You can also open a card or current account with a credit institution. These are products that have been studied for a long time and are known to almost everyone. A savings account is a novelty dictated by the times. Such accounts are becoming popular, but not so long ago few people knew about them.
From the very name of the product it follows that in such an account you can not only store funds, but also receive some income. Bank card holders are the most likely to have savings accounts. Most of them are asked to immediately open such an account at the time of receiving the plastic card. What kind of product is this, how it differs from a deposit, who will be comfortable using it, which bank to open it in - we’ll look into it below.
Why open a savings account?
A savings account, as a rule, is opened as part of a package of services or is part of a comprehensive banking service agreement.
The reasons for opening such an account may vary. Cardholders, for example, use an account if the interest rate on it is higher than on a card account. And also if the latter does not provide for interest accrual at all.
It happens that the bank limits the maximum size of the plastic limit, and then the excess can be transferred to a savings account.
In addition, a savings account is an island of safety for those who are afraid to store large sums on a card account due to the risk of losing a card or fraud.
For existing bank clients, using the account is convenient, since it can be opened remotely using online or mobile banking. You can also manage your account online. Using an online or mobile bank, the client will be able to transfer funds from card to account and back at any convenient time.
Can I use a savings account without a card?
Not all banks allow you to use a savings account without a card. This product can hardly be called autonomous. As mentioned above, a savings account is more of a package deal.
To open and use a savings account, for example, at Raiffeisenbank, you do not need a card. You can also top up your account or withdraw money from it either in cash or by non-cash method.
Some banks may impose different restrictions on deposits or withdrawals. So, at VTB 24 you can top up your savings account only in non-cash form, and at Alfa-Bank you can withdraw it only after transferring it to a bank card (to a bank card - no commission).
If you still plan to withdraw funds in cash through a bank cash desk using a savings account, it is better to make sure that this operation will be free. Cash settlement tariffs may be applied to these accounts, which, as a rule, provide for a commission, especially for withdrawals of funds that were credited by non-cash means and have been lying around for a short time.
Savings account - an alternative to a deposit?
Rates on savings accounts may depend on the size of the balance, the status of the service package within which it was opened, and sometimes on the period during which the funds were kept, and reach 10% per annum (VTB 24).
The main difference and advantage of a savings account from a deposit is the lack of urgency. The account is opened for an indefinite period of time, and the periods for storing funds on it are not established. The client decides when to deposit and withdraw funds. True, the amount of interest may depend on the period of storage of funds.
Expenditure-replenishable deposits are becoming less and less common, and they may also provide for restrictions on transactions: establishing a minimum balance, the maximum amount of expense transactions, the minimum amount of an additional contribution, as well as the timing of replenishment or withdrawal. Contribution without any restrictions is rare, at least one of them is always present.
However, on your deposit you are guaranteed that the rate will remain unchanged for the entire term of the contract (if it is fixed). There are also deposits with a floating rate, the size of which depends, for example, on the key rate of the Central Bank of the Russian Federation. It may change during the placement of funds, but such a condition must be specified in the contract.
With a savings account, you will know exactly the rate that is valid only on the day of its opening. Then, at any time, the rate can change even on the current account. Given the general trend of falling rates, it is unlikely to increase.
Individuals' funds, both in deposits and savings accounts, are insured by the DIA.
Content
In times of economic instability, you want to preserve your savings. You can do this in different ways: hide money at home, buy some valuables with it, open an account with Sberbank for an individual. The organization offers a large selection for those who are thinking about which deposit in Sberbank is best to open. By entrusting your available funds to one of the most reliable banks in our country, you can not only not lose them, but increase them due to favorable conditions.
It is impossible to say exactly which contribution will be the most profitable, since any of them is designed for a specific target audience. In addition, the investor needs to carefully check the conditions: the ability to replenish the account, withdraw the required amounts, the interest rate. Today, Sberbank of Russia offers several products with different conditions, among which clients can find the most profitable one for themselves.
In 2019, clients of this bank will be able to achieve the following goals with the help of appropriate proposals:
To make a deposit with Sberbank at interest (or any other), you need to visit a branch of the organization, having your passport with you. Then you need to sign the agreement drawn up according to the proposal, reading it carefully (especially those points that are written in small print). The next step is to deposit a certain amount of money into your open account.
The product involves the use of both rubles and foreign currencies (American dollars, euros). To open such a deposit, you need to deposit at least 150,000 rubles. For American and European banknotes, the minimum amount is 3000. According to the terms of the deposit, funds must be kept on it for 9 months (for ruble ones), 10-18 months (for foreign currency ones). Ruble rates are up to 10%, dollar rates are 3.10%, and euro rates are 2%. Do you think which deposit in Sberbank is preferable to open? Considering the interest, it is worth taking a closer look at the “Happy Year” product.
This type of deposit belongs to traditional bank products. The product is available not only in our currency, but also in two others, against which the exchange rate is compared. The terms of the program do not imply partial withdrawals or replenishments. You can open the product with only 1000 rubles, $100, €100. Deposit 100,000-400,000 rubles. for a period of 3 years will give you the opportunity to receive 8.44% per annum. Capitalization assumes an increase in interest to 9.07%. If you deposit foreign currency, the interest rate will be 2.22% for dollars and 1.17% for euros.
Savings deposits in Sberbank are represented by the “Replenish” offer. The product makes it possible not only to save the initially deposited amount, but to periodically replenish it with new funds. The period for which the account is opened starts from 3 months, reaching up to 3 years. For rubles, the amount of additional deposits is from 1000 rubles. in cash. If you want to top up using non-cash payments, there will be no restrictions for you.
Account capitalization will allow you to purchase up to 8.07% per annum, and if the investor does not want this process, his funds received at the rate will be transferred monthly to the card or account. As for foreign currency, you can supplement your deposit with an amount of $100 or €100. The interest rate in dollars will be 2.01%, when using euros - 1.07%. The remaining conditions are the same as the “Save” offer.
For people who want to be able to withdraw a certain amount of money from their account or replenish it, the “Manage” product is suitable. The minimum amount of ruble investments here is 30,000 rubles. The maximum rate will be 7.31%, provided that interest is capitalized. If you decide to make a dollar deposit, then you need to deposit at least $1000, the rate is 1.80%. The Euro offer will be available for deposits of €1,000 or more and your account will top up at 0.86% per annum.
An excellent deposit created specifically for pensioners who want to receive income for retirement. You can create such an investment for a period of 3 years. As long as your money is inside the bank, you will be able to constantly replenish your account and partially withdraw money from it. It is possible to withdraw funds until there is 1 ruble left on it. The annual interest rate for this offer, subject to capitalization, is 3.67%. A deposit that is beneficial for pensioners, allowing not only to store and increase their funds, but also to manage them.
The “Multicurrency” deposit uses several currencies to open at once - this is its main feature. You can open it using any of them: rubles, euros or US dollars. The interest rates on offer are as follows: up to 6.88% in rubles; 1.78% in dollars; 0.91% when using euros. The period for which this deposit is calculated can range from 1 to 2 years. The offer includes the possibility of replenishment. The minimum amount of cash replenishment is 1000 rubles, $100, €100. The minimum deposit amount is not at all large: 5 rubles, $5, €5.
A deposit that provides for storing funds in foreign monetary units: British, Swiss, Japanese. The offer does not allow for partial early withdrawals. This product is designed for both short and long-term use. The minimum amount you can deposit is the same for pounds sterling and francs, which are the currency in Switzerland, and is 10,000. You can deposit in yen with a minimum amount of 1,000,000 units of this currency.
Each currency has its own interest rate:
A very convenient offer that implies the possibility of daily management is a savings account with Sberbank. This storage system comes into force with an unlimited minimum amount, then you can replenish it and withdraw any amount of money available in the account. Opening is possible in three currencies: rubles, American dollars, euros. Clients can use this deposit indefinitely.
Interest rate for each type of currency:
You can also choose which deposit in Sberbank is best for you to open online. If you have already become a user of the bank and have repeatedly accessed its Internet equivalent, then you can immediately begin opening it. If you have not used the services, you will have to visit the bank. At the branch of the organization you must provide a passport and declare your desire. A special agreement will be concluded with you, after which you have the right to manage your finances and use the services of this bank via the Internet.
To open an online deposit you need to perform a small number of actions:
Times of crises and rising prices for currencies of other countries force some people to use the currencies of other countries to store savings. It costs more and is constantly growing. Keeping foreign currency savings at home is not a good idea; it is much more profitable to entrust them to a bank at interest. Deposits that were opened using currencies of other countries have their own characteristics, conditions and pitfalls.
Everyone who opens a deposit wants to receive maximum income, and this is quite natural. Another thing is that the benefit does not always lie in the highest interest rate, because the benefit is also manifested in convenience, comfortable use, and security of banking products. At the moment, Alfa Bank offers several solutions for saving and accumulating funds - accounts and deposits.
When we entrust our personal funds to a bank, we always worry about their safety. Alfa Bank is a participant in the mandatory bank deposit insurance system, which guarantees compensation of up to 1,400,000 rubles in the event of liquidation of a financial organization and the occurrence of other insured events. In this case, no additional written agreement or contract is required from the depositor, since deposit insurance is carried out and controlled by force of law.
Before opening a deposit, the client needs to decide on such parameters as term, amount, possibility of replenishment and partial withdrawal.
Alfa Bank's deposits are divided into replenished (Premier, Potential, Multicurrency) and non-replenishable (Pobeda, Premium, Life Line, A+). The latter have a higher rate, but they lack the possibility of replenishment, which is so important for many. In case of early termination of any deposit, interest is calculated at a rate of only 0.005% per annum, so you should think carefully before making a deposit for a significantly long period.
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In any case, you need to look at the circumstances: if you plan to deposit relatively small amounts, moreover, quite often, then it is more convenient to open a replenishable deposit. If after some period of time you need to put more than 10,000 rubles at interest, then you can simply open another non-replenishable deposit at a favorable interest rate.
Would you like to receive a monthly percentage of the invested amount into your account? You will probably be interested in the “Premium” product (from 5.85 to 9% per annum). However, keep in mind that if you regularly withdraw accumulated funds, at the end of the term only the initial deposit amount will remain, because you have already used all the income.
Those who plan to accumulate income by a certain date (for example, for a wedding, vacation, etc.) should pay attention to “Potential”, which allows you to determine the individual deposit period with an accuracy of 1 day.
The contribution “ Multicurrency", which, unlike all other products of this kind, opens simultaneously in rubles, dollars and euros. This solution comes in handy during periods of financial instability, during so-called “crises”, when exchange rates “jump” literally every day. In addition, a multi-currency deposit is an excellent alternative to playing on exchanges, because as part of the deposit you can transfer funds from one currency to another at the bank’s rate without additional commissions. By carefully following the latest events in the financial world, you can not only receive your “legitimate” income from your deposit, but also win on exchange rates.
Savings accounts - “Blitz Income”, “Valuable Time” and “My Safe” are issued without opening a deposit in rubles, dollars or euros. The interest rates on them are slightly lower than the rates on deposits. Thus, for “Blitz Income”, with a balance below 100,000 rubles, 0.01% per annum is charged, above 100,000 - from 4.2 to 6%. For the “My Safe” account, rates vary from 0.9 to 2.4 per annum. Also in Alfa Bank there is a rather interesting product “My Goals”, similar in rates and conditions to “My Safe”. It is opened by the user independently through the Alfa-Click Internet bank, where it is necessary to set parameters such as the expiration date, the desired total amount of savings, etc.
Such a tool will help you set aside certain funds for the required dates. In this case, the system will notify the client about the missing amount and the recommended amounts of monthly deposits.
For such products, interest is calculated monthly on the minimum balance. For example, if you deposited 150,000 rubles into your account and spent 50,000 rubles within a month, then interest is charged on the amount of 100,000 rubles. At the same time, you can withdraw funds from your account in whole or in part at any time, make various transfers and payments, without waiting for the end of a certain period.
Product « Valuable time»has a more complex system of calculating interest, which depends not only on the amount of the minimum balance in the account, but also on the duration of the funds. As a result, a bank client can benefit from 0.01% to 7.5% per annum.
Savings accounts are very convenient if you cannot yet decide exactly when you will need your funds, as well as if you need to place funds for a month or two. Essentially, your money remains within easy reach, but it still earns income. The disadvantages include the impossibility of opening savings accounts for non-customers of the bank (except for the “My Safe” product). In addition, these accounts are not deposits, which means they are not insured in the event of the liquidation of a financial company or its bankruptcy.
