The question of which deposit to choose to optimally preserve their own funds interests many residents of our country. The conditions offered by different banks differ from each other not only in the interest rate, but also in many other conditions (for example, capitalization of interest or early withdrawal of funds), so the benefit from the placement will not be immediately visible. The Save deposit of Sberbank of Russia is one of the banking products that benefit from long-term storage of funds due to a dynamically increasing rate.
For those who want to use the Save deposit in Sberbank in 2018, convenient conditions for placing finances are offered, and a special offer is provided for pensioners. The rest are offered basic conditions:
The Save deposit of Sberbank of Russia accepts funds from the population for a period of 1 month to 3 years in ruble and dollar accounts (the use of euros is temporarily suspended). The interest rate charged by the bank and the amount of income received by the depositor depends on the currency:
By placing funds on deposit, the depositor independently determines the time for which his funds will be at the disposal of the bank - this is a period from 1 month to 3 years. If the contract expires and the depositor does not withdraw money from the account (or he notified the bank what to do with the finances), then an automatic extension occurs - the term is extended under the same conditions. There is no limit to the total number of extensions.
In addition to the standard basic deposit, the Save deposit in Sberbank in 2018 has options with online registration, as well as a separate offer for pensioners. In all cases, this will be a non-replenishable deposit without the possibility of partial withdrawals - the differences between the three options relate to the interest charged and the use of different currencies.
This difference in offers makes it possible to choose banking products with the most favorable conditions and interest rates, because even making a deposit through Internet banking increases the interest rate by 0.3-0.5% per annum, depending on the amount placed. For example, having placed 750 thousand rubles for a year, at the end of the term the investor will receive income (taking into account the monthly capitalization of interest):
By opening Save at Sberbank in 2018, pensioners receive a reliable tool for increasing their level of well-being. The main advantage of this proposal is that for people of retirement age a maximum percentage has been introduced - 4.2-5.63%, depending on the period of placement of funds on deposit. And if for other types of the Save line, the rate depends on the amount of funds deposited, then for pensioners, favorable interest rates begin with a minimum deposit amount of 1,000 rubles.
An interesting offer is available at Sberbank for people of pre-retirement age. By opening Save, citizens from this category, upon reaching retirement age, are automatically transferred to a more advantageous pensioner status, and from that time on they begin to receive a higher interest rate for the money placed in the bank. It will also be important for pensioners to be able to draw up a will, indicating in it the recipient of funds from the account in the event of the sudden death of the investor.
The interest rate on the deposit product Save at Sberbank depends on several factors. These include:
It is convenient to make a decision on choosing this deposit product using a special service - a calculator on the Sberbank website. The client only needs to enter the necessary data (investment amount, term, etc.) into the form windows and click the “Calculate” button. By entering different indicators, you can choose the most optimal option for yourself.
According to the terms of the deposit product, interest is accrued monthly on the client's deposited funds. At the discretion of the investor, they can be withdrawn or left for further capitalization. Capitalization refers to the process by which accrued interest remains on the deposit itself, increasing its size, so interest charges for each subsequent month will be greater.
The option with capitalization is more profitable for the investor, as it allows you to receive increased income. For example, by placing 750,000 rubles for a year on the deposit product Save-online, you can get a guaranteed profit:
If the client refuses capitalization, then the accrued interest can be withdrawn to a separate account or debit card (to easily withdraw it without affecting the main deposit), but this scheme has several disadvantages. The most obvious are:
The interest rate varies depending on the term of placement of funds on the deposit, the amount stored and the presence/absence of capitalization (for example, if you do not capitalize the funds in the account, then placement for six months or a year will be the most profitable). The table shows how the interest rate on the Save-online deposit product changes depending on the specified parameters:
| Interest rates when withdrawing interest / taking into account capitalization (when specifying a period, the range includes the lower limit and does not include the upper) |
|||||||
| for 1-2 months, % | for 2-3 months, % | for 3-6 months, % | for 6-12 months, % | for 1-2 years, % | for 2-3 years, % | for 3 years, % |
|
| 1,000 – 99,999 rubles | |||||||
| 100,000 – 399,999 rubles | |||||||
| 400,000 – 699,999 rubles | |||||||
| From 700,000 rubles | |||||||
Similar gradations are present on other products of the Save line, changing in the same way depending on the initial parameters. For example, the interest rate when placing 750,000 rubles for a year for a basic Save (with/without capitalization) will be 5.0/5.05%; the interest rate for a banking product intended for pensioners also differs from the online version.
Because the money placed in the deposit product is used in the bank's lending operations, it is not beneficial for the financial institution for depositors to close the account prematurely. For deposits that are terminated early at the client's initiative, a reduced rate is applied. There are several interest rate reductions associated with early account closure. The time that has passed since the opening of the banking product is decisive:
We can say that if you withdraw Save early for a short period, the client will receive practically no benefit, because the interest charges will be very small. But you need to take into account that depositors close their deposits early only when they absolutely need funds, and their priority is the opportunity to quickly and fully receive their funds. If there is a possibility that funds may be needed, it is better to choose another banking product with more convenient conditions for returning funds.
Preliminary selection of a suitable deposit among banking offers involves calculating profitability - how much profit the deposit owner will receive by the end of the contract. Calculating profitability without capitalization is not difficult: OD = (RV * PS/12) * SV, where:
The effective rate for capitalization means profitability when accrued interest participates in the formation of the deposit amount and increases income. In this case, you first need to calculate the bet itself. For calculations, use the formula EPS = (((1+ PS/12) to the degree of SV)-1) x 12/SV, where:
Using these formulas, we calculate the profitability of the Save-online deposit for a deposit of 750,000 rubles for one year with and without capitalization. Using the formulas we get:
Using the calculator on the official Sberbank website greatly simplifies calculations, especially when it is necessary to recalculate deposit product options. You must enter the necessary data in the special windows:
After entering all the indicators, you must click the “Calculate” button (or “Recalculate”, if the calculation is not being performed for the first time), and get the finished result. Along with digital data on profitability and the total amount to be issued, a graphical chart will be displayed on the screen, visually representing the profitability of the deposit, information on the base interest rate and average income for 30 days.
For investors who want to place funds on Save, there are three opening options. Depending on the situation, it will be convenient for the client to issue a deposit product:
This option will be convenient for those who are not very confident in handling computers and ATMs (for example, older people). In this case you need:
Considering the widespread use of Sberbank ATMs, this method also has its advantages. The future owner of the deposit needs:
Using the Sberbank-online service requires registration in the system, after which the client will be able to comfortably manage their savings via the Internet. The instructions for opening a Save online deposit will be as follows:
Presentation of documents implies opening a deposit at a bank branch with the help of a specialist. When using an ATM or the Sberbank Online system, the credit institution already has all the necessary information about the depositor. When opening a deposit through a bank, the number of required documents depends on the depositor’s citizenship:
Termination Save ahead of schedule is unprofitable for the investor. In this case, the deposit income is recalculated with a lower interest rate, and the client does not receive the income that was planned. Interest is recalculated without taking into account monthly capitalization (if it was provided for by the terms of the agreement). The most disadvantageous from a financial point of view is termination of the contract for a period of up to 6 months. In this case, the interest rate will be only 0.01% per annum. If the period is more than six months, then a value equal to 2/3 of the initial rate is used for recalculation.
Sberbank Save online is a special program for preserving and increasing your cash savings. You can open a deposit directly on the site, which is a huge plus. You don’t even need to wait for consent to register, you simply transfer money from your account to the deposit account and receive monthly interest on it. To make a deposit under the Sberbank save online program, you need to carefully read the conditions, fill out an application and click on the “open” button. Let's talk about this in more detail.
The conditions provided by this program are very beneficial for ordinary people. But they are most beneficial for pensioners. If a person over sixty years of age applies, then he gets special benefits:
At the same time, the terms of deposit are the same for absolutely all clients. These include:
In this case, you can withdraw or transfer the interest received to the card account. They are accrued every month and added to the deposit amount, thereby multiplying income in subsequent periods. The table below shows interest rates for deposits in rubles. For dollars, these percentages are very different.
Term and amount of deposit | 1-2 months | 2-3 months | 3-6 months | 6-12 months | |||
Upon expiration of the deposit period, it is automatically closed. But if you want to do it ahead of schedule, then no one can stop you. Of course, it is much more profitable to wait until the end of the deposit period. But sometimes there are situations that force you to take money right now.
If you find yourself in such a situation, then no one will refuse you, and you will take your money. True, there are several “buts”. If the deposit was for a period of up to six months inclusive, then you receive money at an interest rate of 0.01% per annum. If the period is more than six months, then when withdrawing money from the account in the first six months, the rate is the same as in the first case. If six months have already passed, then 2/3 of the interest rate that was announced at the time of opening the account is considered. Attention! Interest is calculated without taking into account the monthly capitalization of interest. Thus, you take back the deposited amount with a small percentage of profit.
G. Gref, the head of Sberbank, has repeatedly stated that the strategic goal of the activity is the transition of the majority of clients to remote service channels. In order to stimulate this, the bank offers more favorable conditions for opening time deposits through Internet banking. Let’s consider what kind of profitability a client will receive when placing a “Save Online” deposit.
Today, the “Save Online” deposit is one of Sberbank’s highly profitable offers; the deposit can be opened both in rubles and in foreign currency (dollars or euros). The deposit period can be set individually in the range from 1 month to 3 years. The deposit provides for capitalization of interest, which means the accrual of profitability on previously accrued interest (provided that the depositor does not withdraw it).
The main feature of the deposit is the absence of deposit and expenditure operations. This means that the deposit program is designed to achieve maximum returns. It depends on the period of capital placement and its size. This rule does not apply to pensioners; more favorable conditions are provided for them, in particular:
The bank sets minimum check requirements. The minimum deposit amount is 1 thousand rubles or 100 dollars (euros). Interest on the deposit program is accrued monthly.
If the contract is terminated early, the client loses part of the interest. If the deposit program is canceled within 6 months from the date of placement of funds, then the depositor receives income at a rate of 0.01% (as for a demand deposit). If the money has been in the account for 6 months or more, the client will receive 2/3 of the accrued interest.
Good to know! The client can withdraw accrued interest online. In this case, the size of the check remains the same, and capitalization is carried out only on the remaining portion of the interest (or only the deposit amount).
Advantages of the deposit program:
The maximum rate on a ruble deposit, at the moment - June 2016, is 7.7%, the minimum - 5.7%. If the deposit is opened in foreign currency, then the return on it is much lower. For example: when opening “Save Online” in dollars by an individual with an average check of 100 thousand dollars for a period of 3 years, the yield will be 2.25%, this is the highest rate. Thus, interest rates on deposits in dollars vary from 0.01 to 2.25%.
Let’s assume that 2 clients are going to be placed through Sberbank Online, one of whom has a pension certificate. The expected deposit period is 3 months, the check amount is 500 thousand rubles.
For a client who is not a pensioner, the maximum rate will be 7%. In 3 months he will receive passive income in the amount of 8 thousand 750 rubles.
For a pensioner client, the yield will be 0.20% higher - 7.20%. In this case, the investor will receive exactly 9 thousand in profit.
The easiest way is to open it remotely through the Sberbank Online system. However, you will still have to come to the bank office once to conclude a universal banking service agreement (UDBO), which allows the client to carry out transactions via the Internet. To connect to UDBO you will need a passport and a debit card. The entire procedure includes the following steps:
The operation takes a few minutes. In this case, the client does not need to visit the Sberbank office to place funds.
You can also open a deposit through ATMs and bank terminals. In this case, the client needs to insert the plastic card into the card reader, enter the PIN code and enter his personal account. In it you should select the option “Operations with accounts, deposits and loans” and click “Deposits”. In the window that opens, you need to select the “Open deposit” option, then “Save Online”. Here you need to decide on the deposit currency, placement period, amount, account or card to be written off and confirm the operation.
“Save Online” is a great way to get a guaranteed income without any effort. This investment instrument is suitable for those who want not only to protect their savings from inflation, but also to increase them. Deposit conditions in terms of placement period and profitability are among the best offered by Sberbank.
And what are the conditions for the Top up Online deposit, how to properly close a deposit or credit card, you will learn from our other articles.
If you are interested in the conditions for the “Save” deposit, which is presented for 2019 from Sberbank, then this article is for you. Here we will tell you about the interest rates under this program, whether there are additional conditions for pensioners and how you can calculate your income.
So, today, most Russians prefer to invest their money in bank deposits in order to protect them from inflation and increase them. When choosing a company to which you can entrust your savings, we always recommend focusing on the reliability rating of Russian banks, which can be viewed.
Features of the deposit
For many years now, the first place in all ratings has been occupied by Sberbank, which is a leader in servicing individuals and legal entities in all regions of our country. This is explained by vast experience in the field of banking, as well as powerful support from the state (the controlling stake belongs to the state).
The most popular is the “Save” deposit, due to the simplicity of its conditions and the very low minimum amount for investment. This product is opened for a period from 1 month to 3 years inclusive.
The currency can be rubles or dollars, with the minimum amount being 1000 rubles, 100 USD. The deposit is not replenished, and also does not provide the opportunity to make partial withdrawals while saving interest.
Interest is accrued monthly, capitalization is provided, which increases the amount in the account, or the money is transferred to the client’s bank account. You have the opportunity to independently choose the payment procedure that is convenient for you.
The interest rate will depend on the size of the invested funds and its term; it varies from 4.05% to 5.6% per annum in rubles. You can see a detailed list of interest rates in the picture below:
Privileges for pensioners
If the investor is a pensioner, then there are no increased rates for him, but there is the following advantage: for such clients, the percentage is assigned based on the chosen period, and not on the amount.
Those. You can make any contribution, even 1000 rubles, you will still be assigned the maximum percentage that corresponds to the contract duration you have chosen.
If you want to receive an even higher income from 4.2% to 5.75% per year, then you can apply through the Sberbank Online system, instructions are given. This offer is available only to existing bank clients who have a debit (current) account or card here that are connected to the Internet banking system.
To calculate profitability, you can use the online calculator:
Early closure of the deposit
What should you do if you entered into a long-term contract and you needed the money earlier? Is it possible to withdraw it? It is not possible to withdraw partially, you can only claim the entire amount, in which case you will lose a significant part of your income.
The deposit can be closed early under the following conditions:
To apply, you need to go to a bank branch, present your passport and pension certificate, if you have one. After signing the agreement, you deposit money through the cashier in cash or from your card account. Renewal is carried out automatically, the number of extensions is not limited.
When it comes to storing money, many people are confused and admit that they cannot even trust themselves to keep it safe. In a world of temptations, money is scattered in a matter of days, and if it is delayed, it loses its value, eaten up by inflation. There is a more effective way to store savings. “Save” is the simple name Sberbank gave to its deposit for individuals, as if emphasizing the simplicity of the tool and its conditions for ordinary people.
The terms of deposit are truly accessible to everyone. The minimum amount for depositing is 1000 rubles for a ruble account and 100 US dollars for a foreign currency account.
If the account is closed before the appointed time, the investor does not lose anything. The client will simply be refunded the entire amount. Considering that the money is not at risk from thieves, fires, or flooding by neighbors, this is an ideal storage option.
If the deposit was made for a period of more than six months and until the moment of termination the funds remained in the account, albeit not for the entire period, but for more than 6 months, the client at Sberbank will also be charged interest on the deposit based on 2/3 of the rate under the agreement.
What this means can be seen in examples.
When the contract expires, the client does not have to contact the bank to extend it. The deposit will be extended for the same period with accrual of income at the interest rate that was in effect on the day of extension. The automatic extension option allows the client not to worry about re-issuing papers every time the investment period expires.
The “Save” deposit has a percentage grid that depends on:
At the time of writing, the rates shown in the table below are in effect and depend on the first two factors.
At the time of concluding the contract, the client is asked to choose how he prefers to dispose of the interest:
If the investor chooses the second option and does not withdraw interest from the account, then every month this amount is added to the starting amount, increasing the calculated amount for interest accrual.
Example. Dmitry deposited 100,000 rubles for 1 year. Doesn't charge interest.
In the first month, he will receive income at the rate of 100,000.
100000 * 4.55% / 365 * 30 = 373.97 rub.
In the second month at the rate of 100,397.97 rubles.
100000 * 4,55% / 365*31 = 387,97
In the third month at the rate of 100,785.94 rubles. And so on.
The maximum rate, taking into account interest capitalization, is also indicated in the table.
Having noticed a large difference between the rates on ruble and foreign currency accounts, the investor will most likely be surprised by such a difference. This is actually quite simple to explain. The currency itself can bring good income due to the difference in rates, while US dollars become more expensive over time, which means they are not afraid of inflation. In this case, the bank acts as a depository for money.
You can calculate interest before placing funds in the bank using an online calculator on the official website of Sberbank.
Taking into account the tradition of respect for age, Sberbank offered special conditions for depositors who have reached retirement age, making them as profitable and simple as possible.
For this category of persons, the deposit amount does not matter when calculating the interest rate. When concluding an agreement, only the term of the deposit is taken into account, and the maximum rate will be chosen, regardless of the amount.
To deposit money in the bank on the “Save” deposit, you just need to go to any Sberbank branch with your passport and take a “deposits” coupon. A bank employee will tell you in detail about the terms of the deposit, answer all questions, make an approximate calculation of profitability and prepare an agreement on opening a deposit.
“Save” opens only at a bank branch. This is how it differs from the “Save Online” deposit, which can be opened remotely via the Internet or in any self-service device. When opening remotely, Sberbank offers more favorable interest rates.
You can close your deposit in 3 ways:
This requires the personal presence of the depositor and his passport. Upon termination of the agreement, funds can be credited to any account (including card account) of the client or paid in cash.
