What does a savings account mean? Savings account in Sberbank

savings account

SAVINGS ACCOUNT

(savings account) A bank or building society account for personal savings. There are a wide variety of savings accounts available, varying in terms, conditions and interest rates. Typically, interest rates on these accounts are higher than traditional deposit accounts and checking accounts that charge interest on the balance. Some accounts allow withdrawal of funds at any time, while other accounts require notice of the intention to withdraw funds in advance, usually 30, 60 or 90 days in advance. Typically, interest rates on these accounts vary depending on the amount in the account and the length of the withdrawal notice period.

Finance. Dictionary. 2nd ed. - M.: "INFRA-M", Publishing House "Ves Mir". Brian Butler, Brian Johnson, Graham Sidwell and others. General editor: Ph.D. Osadchaya I.M.. 2000 .

savings account

Savings account is a bank account that generates interest income and is intended for transactions with household savings.

In English: Savings account

See also: Savings accounts Bank accounts Savings institutions Bank deposits

Finam Financial Dictionary.

See what a “Savings Account” is in other dictionaries:

- (savings account) An account at a bank or building society intended for the savings of individuals. The interest on this account is usually higher than on a deposit account, and the number and nature of transactions are usually limited. Currently… … Dictionary of business terms

savings account- A bank or building society account for personal savings. There are a wide variety of savings accounts available, varying in terms, conditions and interest rates. Typically the interest rates on these accounts are higher... ...

SAVINGS ACCOUNT- a bank account of an individual into which funds are deposited... Foreign economic explanatory dictionary

savings account- A deposit account at a commercial bank, savings bank, or savings association loan that pays interest from the first day the deposit is made until the day it is withdrawn. financial institutions can pay on savings... ... Financial and investment explanatory dictionary

A savings deposit for which a check cannot be written. In English: Non checable saving account See also: Savings accounts Financial Dictionary Finam ... Financial Dictionary

See Checkless Savings Account Glossary of Business Terms. Akademik.ru. 2001... Dictionary of business terms

- (Tessa) (Tax Exempt Special Savings Account, Tessa) An account in a UK savings institution (bank, building society, etc.), the interest or bonus on which, subject to certain conditions, is not subject to UK income tax... Financial Dictionary

tax-free special savings account- TESSA An account with a UK savings institution (bank, building society, etc.) on which the interest or bonus on which certain conditions are met is not subject to UK income tax. Right to tax exemption... ... Technical Translator's Guide

A savings deposit for which a check cannot be written. These include, for example, savings accounts at savings and loan associations. Raizberg B.A., Lozovsky L.Sh., Starodubtseva E.B.. Modern economic dictionary. 2... Economic dictionary

- (Tax Exempt Special Savings Account, Tessa) A British savings program introduced in January 1991, which allows the public to deposit up to £150 per month. Art. (£1800 per year) to a bank or building society and not pay taxes... Dictionary of business terms

For clients who often need to perform non-cash transactions to transfer funds, a savings account is perfect.

Such deposits are unlimited, and the conditions for withdrawal and replenishment of the account are always as loyal as possible. Let's learn more about what a savings account is and what its features are.

What it is?

Every person who wants to freely manage their finances and make a profit from keeping them on deposit will be able to use the option of opening a savings account.

Interest rates under the agreement are usually small, but the owner will still receive a minimum regular income.

A clear advantage of the deposit is the fact that it can be opened and closed even remotely, which will definitely appeal to people who value their time.

Due to the ease of opening a deposit, you also need to take into account the following features:

from the point of view of profitability, the instrument is extremely unprofitable and for this purpose it is better to consider other offers from banks, of which there are many today;
interest that will be accrued on the balance cannot be transferred to another bank account;
Real income generation is only possible in a situation where a truly large amount is deposited into the balance sheet. For example, 100 thousand dollars/euro or at least a million or two rubles.

There are other features of a savings account, for example, the interest rate on it is minimal. However, there are some advantages of such agreements:

there are no limits or restrictions on the initial deposit and each further deposit or withdrawal;
you can freely top up your account at any time, for any amount and in any currency;
convenient use of the account for making bank non-cash and cash transfers. This is the main goal what is it for?;
there is no need to close the account even if the balance is zero;
there is a guaranteed opportunity to preserve your capital.

Conditions for making a deposit

You must have with you a passport of a citizen of the Russian Federation, as well as the estimated amount that you want to deposit into the account. As for the policies of most banks in this regard and the terms of the agreement, they are usually standard:

the owner gets the opportunity to determine its term after opening the deposit;
You can top up your account from 1 ruble, euro, dollar or any other currency;
At the client's request, funds can be withdrawn from the balance at any time. In this case, interest will be accrued without capitalization.

The key conditions of a savings account and what sets it apart from the mass of similar accounts is perpetuity.

The storage period for funds is not limited, and both parties have the right to terminate the transaction at any time: the client, if the need for its use has ceased, or the bank unilaterally, in accordance with existing financial legislation, if there is a violation on the part of the client.

Where to go to open an account?

In first place is the large and reliable Sberbank, a savings account in which is an excellent chance to quickly and freely manage your finances. The client gets rid of the need to keep a large amount of money at home, and there is no need to visit a bank branch to perform any transaction.

The depositor can count on a full refund in case of unforeseen circumstances, and if necessary, he can easily withdraw money from the savings account.

To do this, it is enough to come to the bank branch where the agreement was concluded, bring your passport with you and inform the bank employee of your intention to withdraw a certain amount. Even if the balance is reset to zero as a result of the operation, the account will not be closed and can be used again in the future.

Sberbank

Users of the Sberbank.Online system have a unique opportunity to open and close their savings account remotely. To do this, after logging into the system, you need to find the “Accumulate and Save” tab, then go to the desired menu.

The peculiarity of the method is that to open a deposit there is no need to have cash; replenishing the deposit can easily be done online non-cash or go to the branch a little later and deposit cash into the account.

As for interest rates, clients are offered from 1.50% per annum to 2.3% in rubles and only 0.01% in euros/dollars. The interest rate is calculated individually, depending on the account balance and the currency in which the account was opened.

You can find more detailed information about the deposit rate here http://www.sberbank.ru/ru/person/contributions/deposits/sb_schet.

Bank Tinkoff

Another good option where you can open a savings account is Tinkoff Bank. Clients of this bank have the opportunity to use the money in the account for various types of money transfers, and interest is charged on the remaining unused balance.

The benefits of contacting Tinkoff Bank include:

Possibility of replenishment for any amount from 1 ruble. For this, a non-cash transfer, bank transfer, from a debit card or in cash at one of more than 300 branches of partner banks throughout Russia is available;
the right to withdraw the required amount of money from the account at any convenient time, without restrictions and without losing your profit in the form of interest;
it will be easy and simple to track all changes in the account by using the capabilities of a mobile application or online banking;
accrual of interest on the minimum account balance and monthly capitalization of interest.

Interest rates on such agreements are significantly reduced when compared with other current offers, which, however, does not affect the ease of use of this instrument.

Today, clients have access to interest rates of 6% per annum in rubles; there is no need to pay additional fees, with the exception of the fee for opening an account in the office - 1000 rubles. Remote opening is free. For a savings account in foreign currency, the rate is set at 3% per annum.

Check out bank offers

Cashback card in Rosbank

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Cashback up to 7% - on selected categories;
Cashback 1% - on all purchases;
Bonuses, discounts on goods and services from VISA;;
Internet banking – free;
Mobile banking – free;
Up to 4 different currencies on 1 card.

Card from Unicredit Bank

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Up to 5% cashback;
Cash withdrawal without commission at partner ATMs;
Internet banking – free;
Mobile banking is free.

Card from Vostochny Bank

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Up to 7% cashback;
Cash withdrawal without commission at partner ATMs;
Card maintenance is free;
Internet banking – free;
Mobile banking is free.

Card from Home Credit Bank

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Up to 10% cashback with partners;
Up to 7% per annum on account balance;
Withdrawing funds from ATMs without commission (up to 5 times a month);
Apple Pay, Google Pay and Samsung Pay technology;
Free Internet banking;
Free mobile banking.

Debit card from Alfa Bank

Deposit offers from Sberbank have a good level of reliability, allowing you to have additional income. Most deposits are term deposits, that is, they are invested for a certain period of time.

A savings deposit is characterized by lower profits and more free management of finances. Clients naturally have a question about how to open a savings account with Sberbank Online.

A savings account is a type of deposit where the client has no restrictions on the amounts of funds received and invested, as well as on the period of account management. The banking organization does not set any limits or boundaries on the savings account regarding financial transactions.

The advantages of a savings deposit are:

no restrictions on financial actions on the account;
increasing the remaining account balance - the institution adds interest to the remaining balance every month;
cashback – when making purchases in partner stores, a certain amount is transferred to the client’s account;
comfortable use of the account for making non-cash payments and banking transactions;
the ability to manage your money using your personal page in Sberbank Online at any time.

The disadvantages of this account include low interest rates. This deposit belongs to the perpetual category.

How to quickly open a Savings account in Sberbank?

Account creation is only possible for individuals. You can become a deposit holder both in the organization’s office and on the official resource. In order to sign an agreement to deposit via the network, you must use your personal page and follow the instructions:

It should be noted that all deposits that are marked “Online” can only be opened via the Internet. The annual interest rate on such deposits will be slightly higher. The percentage varies depending on the amount of savings and the term of the agreement. You can also create a classic savings account, which is useful, for example, when paying for electricity.

For any deposit, the minimum deposit amount and the currency in which it can be made are calculated. To obtain more detailed information on the deposit, click on “Details”.

After choosing the appropriate option, you need to open a deposit. To do this, check the box next to the contribution and click on “Continue”. The user will see a form for filling out an application for a deposit.

If you want to make a deposit without transferring the first amount, then all the columns will not be empty, and the information will be entered automatically, except for the “Currency” column. At this stage, indicate the deposit currency of interest.

When forming a deposit through your personal page with the initial transfer, enter the following information in the application form:

After completely filling out the form and all fields, click on “Open”. The service will redirect you to the certification page for the manipulations being carried out, where you need to check that all information is correct.

Next, you need to confirm the application and check the data again. Check the box "Agree with the bank's terms and conditions." After the application has been certified, the client is presented with a document confirming the opening of the deposit. If the manipulation is successful, the message “Completed” will be displayed. The application status will be “Completed”.

This page will contain details of the open deposit.

How to withdraw money from a savings account?

You can return funds from your account at any time. To do this, you can visit the institution, transfer finances to a plastic card, or resort to Sberbank Online.

A savings account with Sberbank is a convenient way not only to save your finances, but also to increase them. The client can carry out any banking transactions without leaving home. The absence of time restrictions on the withdrawal of funds from the account makes a savings deposit a convenient tool for quickly and freely managing your funds.

Along with time deposits, Sberbank offers clients to open savings accounts. What are they intended for, what conditions and restrictions are imposed by the credit institution. How to open and use a savings account.

Sberbank savings account is designed to save client funds with the ability to freely manage them.

Account parameters:

The initial contribution amount is not limited;
The invoice period is not set;
There are no restrictions on deposits and withdrawals;
Early closure of the deposit is allowed at any time at the request of the client;
An account can be opened in rubles, euros, dollars, as well as in currencies such as Canadian dollars, pounds sterling, yuan, etc.;
The account is opened for personal purposes and cannot be used for business activities.

The interest rate depends on the placement amount and the package of connected services:

	Standard rate, per annum	With the Sberbank Premier package	With the Sberbank First package	With the Sberbank Private Banking package
Up to 30 thousand rubles	1,0	1,0	1,0	1,0
30–100 thousand rubles	1,1	1,65	1,9	1,9
100–300 thousand rubles	1,2	1,8	2,0	2,0
300–700 thousand rubles	1,3	1,9	2,05	2,05
700–2000 thousand rubles	1,5	1,95	2,1	2,1
More than 2 million rubles	1,8	2,0	3,0	3,0

For deposits in US dollars and euros, the rate, regardless of the placement amount, will be 0.01%.

The interest rate is set depending on the minimum balance of funds in the account during the month. The interest on the difference between the minimum and actual balance will be 0.01% per annum. Interest is calculated monthly.

If the amount of funds placed leaves the category that determines the interest rate, it will be edited in accordance with the criteria of another category.

The money in the savings account is insured by the DIA in the amount of 1,400 thousand rubles, so the depositor is reliably protected from unforeseen situations that may arise with the bank, although the likelihood of such events occurring is extremely low.

Profitability calculation

A savings account is not opened to generate income, so the client can only count on a small profit from investments of more than 2 million rubles, from amounts less than 2 million rubles. income will be practically zero.

For example, when replacing 100 thousand rubles. for a period of 1 year without partial replenishment and withdrawal, the user’s income will be 1200.05 rubles. in a year.

To calculate the estimated interest, the client can use the calculator posted on the website. Just understand that the calculated profit amount will be conditional, since it is impossible to predict how much the client will withdraw or add money to the account in a certain period.

Account owner rights

How to use the deposit

A citizen of the Russian Federation can open a deposit upon presentation of a passport or other identification document. If a non-citizen of the Russian Federation wishes to open a deposit, he must present a civil passport with a notarized translation, a document confirming his competence to stay on the territory of the Russian Federation.

Deposits can be opened independently from the age of 14. If the client is under 18 years of age, he can open an account in the presence of his parents/guardians.

Opening methods

You can open a deposit in several ways:

At the representative office of the credit company. A bank employee will help you write an application to open an account and explain the conditions for its operation. An agreement will be concluded between the bank and the depositor, by signing which the client will be able to immediately manage the new account. The account owner does not even need to deposit money into it, since the minimum amount is not limited. He will be able to replenish it at any convenient time.
Registered users of Sberbank Online can use their personal account. The deposit is opened from the “Deposits and Accounts” section, “Opening a Deposit” tab. You will need to select a view, enter parameters and click “Open”. The bank client will be presented with an agreement to open an account; after reading it, he must agree to its terms. After confirming the operation, the account will become active.
You can open an account through the mobile application.

How to use

You can top up your account in cash at the cash desk of a representative office of a credit institution or by transferring funds from a card account in the Sberbank Online system or in the mobile application.

Money is withdrawn from the account in the same way: cashless through the company’s Internet banking or in cash at the cash desk of a bank branch.

How to close an account

The account is opened by the bank for an indefinite period, so it can be closed only on the basis of a written statement from the owner to terminate the agreement. The application is submitted to the territorial branch of the bank where the account was opened. The contract will be terminated within 7 days from the date of receipt of the application. You must first withdraw the money remaining in the account.

The exception is cases when the bank has the right to independently close the account or suspend operations on it:

If there have been no transactions on it during the last 2 years and there is no money in the account. The account will be closed within 2 months after the client’s written notification of the bank’s intention and failure to receive a response (replenishment of the account);
If there are suspicions that the operation is being carried out for the purpose of laundering proceeds from crime, the bank limits the client’s right to dispose of the account;
If the account owner has not submitted documents justifying the operation in accordance with the legislation of the Russian Federation;
If the bank decides not to carry out a transaction on an account twice within one year, it unilaterally closes the account.

A savings account with Sberbank is a permanent deposit that has no restrictions on incoming and outgoing transactions within the amount in the account. A savings account differs from other types of financial services of Sberbank in that the amount of money deposited by the depositor into the account is stored and used by the client as long as the agreement is valid. That is, having opened a savings deposit once, the client no longer worries about renewing the account or opening a new one.

In addition to the guarantee of the safety of funds, the investor has the opportunity to receive a small income in the form of interest on invested funds with monthly capitalization.

Having decided to use the Sberbank savings program, the client should know that:

This program offers the lowest interest rates, so opening a Savings Account to earn passive income is pointless unless the client deposits a large amount of money. Savings deposits are positioned as a means of storage and settlement, rather than accumulation;
accrued interest cannot be transferred to another account or plastic card.

Terms of the savings program from Sberbank

Any citizen with a Russian passport can use the Sberbank savings program. Clients are invited to open an account in rubles, euros and dollars. There is no restriction on the amount of funds deposited. To open a Savings account, the client must have at least 10 rubles.

The agreement for opening a Savings account includes the following conditions:

Sberbank is used as a depository, the client can manage the funds in the account at his own discretion - withdraw, replenish, make payments and transfers;
There is no limit on replenishing the account - the depositor can replenish the account with any amounts from 1 ruble, dollar or euro;
Interest is accrued on the balance of funds in the account based on the time they are spent;
The client can terminate the contract at any time by withdrawing all money from the account;
Payments from the Savings Account can be made both in cash and non-cash.

Interest rates on Sberbank Savings accounts

Investors often have a question: how are Moscow and other cities different? It all depends on the selected deposit.

As noted above, interest rates on Savings Accounts are among the lowest. Their value is calculated based on the account balance. When calculating income, data for the previous month is taken. Also, the interest rate depends on the type of currency in which the account is opened.

For deposits in rubles with an account balance of less than 30,000 rubles, the interest rate is 1.5%. As the funds in the account increase, so does the income, with a maximum interest rate of 2.3%.

For foreign currency deposits, interest rates range from 0.01% to 0.1% (depending on the deposit amount).

Advice: On the official website of Sberbank there is a special form with which you can calculate your expected income and find out the interest rates.

How to open a Savings account in Sberbank?

There are two ways to open a Savings Account:

contact the nearest Sberbank branch;
use the Sberbank Online service.

Opening a deposit at a Sberbank branch takes only a few minutes, during which a specialist prepares an agreement and related documents. After they are completed, signed and the required amount is deposited into the account, the client can immediately use his account to carry out financial transactions.

Sberbank clients can also open a Savings account via the Internet using the Sberbank Online service. To do this, on the official website of the bank you need to follow the links: Private clients – Accumulate and save – Savings account. On the page that appears, click on the button - Open an account.

Sberbank - Savings account (reviews)

The vast majority of Russian citizens are Sberbank clients. Having a Savings Account, the client can count not only on additional income and safety of his funds, but also on preferential ones. Using the services of Sberbank every day, clients willingly leave their feedback on cooperation with it.

Valeria:
I use a Sberbank salary card. Recently, a consultant suggested that I open a Savings Account to transfer part of my salary into it and receive additional income. I do all transactions through Sberbank Online. Very modern and comfortable.

Olesya:
Savings accounts are no longer as popular as they used to be; plastic cards are now used more. However, they do not accrue interest. Therefore, I chose a savings deposit for payments and transfers. The opportunities are the same, but here I also receive interest every month.

Vladimir:
I `m a pensioner. I’m used to using a savings book; it’s convenient to withdraw and top up your account. At the same time, there are no fees for servicing the Savings Account, which cannot be said about the same cards.