In a situation where a person needs to send money for storage, it appears two choices: deposit and savings account. And if the first case represents an inflexible system with restrictions but high profits, then the second is the opposite. This account is more flexible and free, but brings in less income.

A bank account, which allows its owner to deposit, withdraw, store and receive interest on funds, is a type of deposit known as a savings account.

It can be most clearly described in one word - mobility. It lies in the fact that the bank client has complete freedom of what to do with the money on him. Funds can be withdrawn and replenished at any convenient time. The limit is only a fixed minimum balance, and it is impossible to withdraw an amount below which.

The primary reason for opening a deposit is secure storage. Secondary - interest.

Advantages and disadvantages

Advantages savings deposit:

• flexibility;
• no restrictions on any period;
• complete freedom to manage funds;
• no loss of interest;
• receiving income.

However, there are also minuses:

• small interest compared to the deposit;
• interest depends entirely on the amount that is currently on it;
• insurance in a mandatory program (insurance amount 1.4 million);
• if the actual amount exceeds the insurance amount, then only the available insurance limit of 1.4 million is paid to the bank client as compensation.

However, there are not many disadvantages, but for some they are really significant.

Step-by-step opening instructions

A financial institution can open a deposit for a legal entity - resident. Moreover, it is allowed to open for an organization that has foreign investments in its capital. The person who contacts the bank must provide statement, according to the basic form, and list of documents:

• list of organization members;
• identification of the authorized person;
• confirming the consent of all founders to open a savings account.

In the case when it is opened by one person, then it is signed, accordingly, only by him without the use of any powers of attorney.

There are also several options for opening using a phone number, mobile bank, financial institution website and bank branch.

All examples, for greater clarity, are given on Sberbank.

1. By phone number. You need to call the bank's hotline - 8 800 555 55 50 . The consultant who answers the call must be asked to open the piggy bank, having previously identified his identity. After that, he will ask you to follow his instructions. Calls within the Russian Federation are free.
2. Using mobile banking. In the Sberbank Online application, select the card for which you want to connect a deposit. Then click on the “Connect a piggy bank” tab, selecting the “Accumulative” type. Confirm the operation performed, thereby completing the creation.
3. Bank website. After logging into your account, click on the “Maps” tab. Select the required debit card and click on the “Operations” menu sub-item, where you need to select account connection. Then a menu will appear where you need to select the type of deposit, the place where the funds should be taken from and where they should be sent in case of withdrawal.
4. Bank branch. Visit a bank office. Contact a consultant and write an application to open a deposit. You must have a card and passport with you. Then you need to ask the operator to activate the service.

What conditions do banks offer?

Banks do not have many basic conditions. They are mainly expressed:

• free financial management (withdrawal, replenishment) without loss of interest rate;
• arbitrary amount of replenishment with the only exception: the amount that goes to the deposit should not be 10 times more than what is on it;
• interest payments, according to the minimum balance that is on the account during the specified period.

These three conditions are present in any financial institution.

What is the difference from a deposit

The main difference between an account and a deposit is Liberty. For most, the ability to withdraw money from the deposit at any time is a decisive factor when registering.

How to open

Opening a savings type deposit represents almost automatic procedure. You just need to press a couple of buttons (when opening remotely) and you're done.

In the case of a deposit, it is necessary be in a bank branch(if the discovery occurs for the first time). It is also necessary to sign contracts and provide a basic package of documents.

How long do they last?

Validity period of the savings deposit is not limited. The owner can close it at any time and keep it active as long as he likes.

On the contrary, the deposit period limited. The apogee of the minimum and maximum period is 2 and 5 years, respectively. Banks charge a certain fine for early closure.

How to manage money

Using a savings deposit, money can be withdrawn and replenished at any time. Their use is not limited in any way.

In the case of a deposit, withdraw money you can't freely. In theory, this can be done, but you will have to pay a certain fine, which is set by the bank. As for replenishment, this may or may not be allowed on the deposit. It all depends on the bank's conditions.

Are you insured?

If we talk about insurance of savings accounts and deposits, then by default (for individuals) they are insured up to 1.4 million rubles.

As for legal entities, there are restrictions and, in some cases, lack of insurance. More detailed information can be obtained from the bank.

What to choose

First of all, it is necessary to build on the goals and amounts of available funds. If the goal is to “occupy” a free, but small, amount of money with business - a deposit with accumulation. This will help you make a profit, albeit a small one.

If there is a lot of money and you need to “borrow” the money with something, earning it if possible - a deposit. It is worth noting that small amounts in deposits do not work and there is no need to send them to it.

What banks offer: comparison

Using the simplest method of storing funds, oddly enough, requires the best bank for this. That is why it is necessary to compare them.

When choosing a deposit, you need to focus on the following parameters: the estimated period of use, the amount of funds available, the need to replenish the deposit.

Sberbank

One of the most popular banks in the country has three main tariffs:

1. "Recharge online". The tariff is available exclusively to those customers who have a card. It can be opened remotely. The interest rate, which depends on the term and funds, is generally between 3.95% and 5.12%. The account itself is valid for up to three years, and the minimum amount is 1000 rubles.
2. "Replenish".It is similar to the previous tariff with the exception of two nuances: it can only be opened at a branch and the interest rate is in the period from 3.7% to 4.62%.
3. "Manage (online)". Mixed tariff, allowing you to open a deposit both online and in the branch. The maximum term is three years, and the interest rate ranges from 3.25% to 4.82%. The minimum payment is 1000 rubles.

Thus, the “nationality” of the bank completely justified due to these tariffs.

VTB

The second most popular bank in the country. Has one flexible tariff available. TO VTB savings account conditions applies:

• transfer from a card to a deposit of a specific amount on a specific day;
• accrual of interest on the remaining amount;
• cash withdrawal without loss of interest.

Valid for an indefinite period, and opening and maintenance are free. As for interest, it depends on the term - 4%, 5%, 5.50% and 7% for 1, 3, 6 and 12 months, respectively.

Alfa Bank

1. "Activity". A specific tariff created for owners of fitness bracelets. So, for 1 meter, from 1 to 50 kopecks are transferred to the savings account. Thereafter it has 5.8% per annum.
2. "Airplane". Suitable exclusively for those who have issued an Aeroflot card. Instead of accruing interest and money - miles. However, this happens provided that there is up to 50,000 rubles on the card linked to the deposit.
3. "Savings". Money comes from the “Piggy Bank for Salary” or “Piggy Bank for Change” cards. The entire balance is charged 7% per annum.
4. "Blitz income". There is no restriction on withdrawal or replenishment. The interest rate is directly proportional to the amount:

• 2.5% - up to 999,999 rubles;
• 3% - from 100,000 to 499,999 rubles;
• 5% - from 500,000 to 999,999 rubles;
• 7% - from 1,000,000 to 4,999,999 rubles;
• 8% - from 5,000,000 rubles.

Accrual occurs monthly, and withdrawal and replenishment of funds has no restrictions.

1. "My safe". A type of account whose terms are closely related to the services. So, this tariff is most suitable for people who use “Comfort”, “Optimum”, “Maximum”. The interest rate range is from 1% to 1.8%, and the minimum contribution is 1 ruble.
2. "Valuable Time". The minimum deposit to the account is 100,000 rubles, and the annual interest rate can be increased to 7.5%. Use is available only to those clients who have activated the “Optimum”, “Maximum +”, “Comfort” or “Alpha Private” services.

Thus, if you need to choose a special deposit, then Alfa Bank will be the leader

Tinkoff

Tinkoff Bank has the only type of savings account, where all the most unique things are collected. VC quality of conditions speakers:

• cash withdrawal up to 3,000 rubles without commission;
• free service if there is an amount on the account of more than 50,000 rubles;
• annual interest rate - 6%;
• withdrawal of money from the deposit does not entail loss of interest;
• there is no minimum and maximum amount threshold;
• Account opening is allowed only in rubles.

The bank focuses on remote control, and therefore the main method of opening is the Internet. If you open a deposit at a branch, a commission of 1000 rubles is charged.

Is it possible to use a savings account without a card?

Theoretically - yes. However, most banks do not allow this. This is due to the fact that the deposit represents an addition to the main service, rather than a separate part.

If you still managed to find the use without a card, you need to make sure that Withdrawing money through the cash register is free.

Additional comparison information is provided below.

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 can 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.

→ What is more profitable: a bank deposit or a savings account?

What is more profitable: a bank deposit or a savings account?

For citizens who prefer not to spend all their earned money at once, but to create savings, it is, of course, more advisable to keep savings in a bank. However, the traditional time deposit, which has a number of disadvantages and does not provide for the possibility of daily management of funds, has a very convenient alternative - a savings account. In this article we want to look at this type of placement of funds in a bank in more detail.

Cases when opening a bank deposit does not make sense

If a potential investor has a strong desire to accumulate a specific amount of money, say, to make a large purchase, and at the same time he is confident that current income will be enough for him to live on, then a deposit in this case will be the optimal solution. This method of storing and accumulating money involves placing funds for a period specified in the contract. During this period, the bank uses the depositor’s funds for investment, and the owner of the deposit is guaranteed to receive the agreed interest. A completely different situation develops if the investor often enough applies for money placed in a bank account. In this case, a fixed-term deposit is not the most profitable solution.

If, due to a number of circumstances, the depositor suddenly decides to withdraw his funds before the period specified in the deposit agreement, then he will lose a fairly significant amount when recalculating interest charges on the deposit, and in some cases he will be left without interest at all. Most deposits, under the terms of which the client has the opportunity to use the funds in the account, provide for the calculation of charges based on the minimum balance.

Even if the client withdraws money for just a few days, the interest payment upon closing the deposit will be insignificant. Moreover, many set the amount of the “minimum balance”, which cannot be withdrawn without closing the deposit.

Some deposit offers do not provide the possibility of replenishing a time deposit, which is another disadvantage.

When is it more profitable to open a savings account?

As we have already said, a savings account is a worthy alternative to a fixed-term deposit. Owners of most of these accounts have the opportunity to: freely withdraw funds in any amount; top up your account at any time without restrictions; receive interest payments on the “minimum balance” for the billing period.

Many banks offer as a “bonus” an increase in the interest rate depending on the time the funds are in the account. Moreover, the larger this amount, the higher the interest rate.

Money from the savings account can be used to pay for purchases and services; funds from the savings account can be transferred online to other accounts, etc.

Savings account in a bank - This:

• A type of deposit that allows the owner to earn a profit in the form of interest and withdraw part of the savings as needed. The main requirement is the prohibition of reducing the amount available on the account below the permissible level.
• An account that is opened at a financial institution and can be replenished with any amount with the possibility of withdrawing funds without losing accrued interest (subject to the bank’s conditions). Interest is accrued on balances that have been outstanding for a month or more.

Savings account in a bank: features

Savings accounts often open when registering a company. According to legal requirements, a legal entity must form the authorized capital of the organization during the state registration process. Share contributions are collected in a savings account of a financial institution, specially opened to solve this problem.

What are the differences between a savings account and a classic deposit?? Sooner or later, the depositor is faced with a choice - to increase the amount of profit received on the deposit due to high interest rates or to open an account with free access to money. One way is to open a savings account that allows you to solve a group of problems at once:

• Save the funds available in the account.
• Increase capital.
• Get the opportunity to withdraw or transfer funds without losing your savings.

Before opening a savings account in a bank, it is worth finding out the conditions of the largest institutions (Sberbank, VTB 24 and others).

Read also -

When opening a savings account, a number of conditions are put forward:

• Money is available at any time, without reducing the rate.
• Interest payments on the minimum balance are made for a certain period (specified in the agreement between the parties).
• Replenishment is available at any time, without volume restrictions.

How to open a savings account?

Open a savings account Can two ways:

• Go to the bank of your choice yourself and sign an agreement.
• Submit an application for consideration by employees of a financial institution via the Internet.

If the client is an ordinary citizen (individual), a personal document (passport) is sufficient to open an account. At the same time, money can be withdrawn from the registered account without any limits or restrictions in the currency of use. The main condition is the presence of a minimum balance (“entry threshold”), which must be deposited to activate the service.

To open a savings account in Sberbank, VTB 24 or another financial institution, you must enter into an agreement with the bank. The agreement specifies the rules for calculating interest. The following options are possible here:

Profitability of a savings account: reviews and real practice

Modern banks (Sberbank, VTB 24 and others) offer many deposit options to customers. At the same time, interest rates on savings accounts fluctuate in the range of 1.5-10 percent. Some financial institutions offer higher income, but it is important to carefully read the agreement and pay attention to the reliability of the credit institution. The state insures funds in the amount of 1.4 million rubles, no more. Therefore, it is better to give preference to reliable, systemically important financial institutions.

If you study the reviews of real savings account owners, you will find both positive and negative feedback about the service.

Positive features:

• Receive interest on the balance.
• Possibility of free replenishment and withdrawal of money.
• No restrictions on cash withdrawals.
• Ease of registration and closing.
• Multifunctionality - the ability to use for savings and daily use of funds.

Minuses:

• Low interest rates.
• Limited amount of insurance (up to 1.4 million rubles).

Results

Savings account in a bank- an excellent alternative to a deposit. With its help, you can easily use the funds available in your account and forget about the problems of withdrawing/replenishing your account. The downside is that you have to put up with low interest rates from financial institutions.