How does a savings account in a bank differ from a deposit? Which bank is better to open a savings account Where is it better to open a savings account.

Few major banks previously offered savings accounts. Until this year, such products were in the line of Promsvyazbank, Alfa Bank and some others. Money in such accounts is more mobile than in deposits: it can be withdrawn at any time, which is not very convenient for the bank when planning liabilities, bankers explain.

In the spring, such an account was offered to clients by Raiffeisenbank and Otkritie Bank, and in the summer - by UniCredit and B&N Bank. In September, Alfa Bank introduced its seventh, this time seasonal (can be opened until the end of the year) “High Season” savings account to clients. Each of the bank's accounts is intended for a specific category of clients. For example, “My Safe” is for those who are just starting to save (monthly interest is accrued even on 1 ruble), and “Valuable Time” is more profitable for those who start with 300,000 rubles, explains a bank representative.

Bankers admit that they are now forced to rely on attracting funds from individuals to savings accounts. “For a bank, the cost of such resources is significantly lower than, for example, time deposits,” explains Alexander Efremov, head of the passive and insurance products department of Otkritie Bank. According to Svetlana Pirozhkova, director of the department of retail segments and marketing at Unicredit Bank, banks are responding to the behavior of clients who this year prefer short-term or open-ended investments in order to be able to quickly respond to the changing situation.

Plus on the plus

The fact is that a savings account is an ordinary current account (usually in rubles) with monthly accrual and capitalization of significantly greater income than on demand deposits: 3-8% per annum in rubles versus 0.01-0.1%. True, their profitability is somewhat inferior to deposits with a minimum balance (on average by 1-1.5 percentage points).

“This instrument combines the advantages of regular current (card) accounts and time deposits. The client has the opportunity, without restrictions and loss of interest, to withdraw money and top up the account at an increased rate on the account balance, earning money even on small amounts,” Alfa Bank Product Director Stanislav Ismagilov lists the advantages of the product. “We recommend that clients divide their savings: place some of the funds that will definitely not be useful in the near future on deposits, and be sure to leave some in savings accounts so that, if necessary, they can withdraw them.”

Savings accounts can be conveniently managed via Internet banking. Almost all banks provide this opportunity today. And when opening accounts via the Internet, banks, as a rule, add 0.3-0.5% per annum to the rate.

Individuals' funds in savings accounts up to 700,000 rubles, as in all other deposits, are insured by the DIA.

Traps for the scattered

As a rule, to open a savings account, banks do not require depositing even a minimum amount, but in order to receive increased income (compared to a demand deposit) it is almost always necessary to keep the established minimum amount of funds in the account for the entire month. It could be 10,000 or 100,000 rubles. (see table). If the amount is below the established minimum, income is accrued at the demand rate.

From the first ruble, Raiffeisenbank accrues income on its savings account.

Banks also usually tie the increased rate at which monthly income will be calculated to the amount in the account. At Alfa Bank, calculating interest on the “Valuable Time” account is more complicated: the rate depends on the minimum account balances during the previous 1, 3, 6 and 12 months.

The main pitfalls that can await a client who does not carefully read the savings account agreement are associated with the procedure for calculating interest.

Some banks limit not only the minimum, but also the maximum amount for which increased income will be accrued. For UniCredit Bank it is 8 million rubles, for B&N Bank - 30 million, for Otkritie - 50 million. Amounts in excess of these limits will be kept in savings accounts in these banks with a demand rate charged.

In addition, most banks accrue income only on the minimum amount that was in the account during the month. That is, you can keep a million in your account for almost an entire month, withdrawing money for only 1-2 days, and in the end not receive a single ruble of income. Otherwise, interest is paid on savings accounts by Raiffeisenbank and Binbank: income is calculated based on the daily balance of funds in the account at the beginning of each day (credited to the account, like everyone else, once a month).

Another surprise is the bank’s change in the account rate, both upward and downward. “Since we are talking about a perpetual account, banks can adjust the rate depending on market trends,” explains Anton Masliy, director of the retail product development department at B&N Bank, but the client will definitely be notified about this at least 15 days in advance - by email, sms, on the website and in offices.

If the new conditions do not suit the client, he will be able to close the account, keeping the accrued interest, or change the bank.

For citizens who prefer not to spend all their income at once, but to create savings, the advisability of storing their savings in a bank is not in doubt. In this article we will look at this type of placing money in a bank as a savings account. This is a very convenient alternative to a fixed-term deposit, which has a number of disadvantages and does not imply the possibility of daily management of funds. As an example of the real conditions of a savings account, we will present current offers from large banks.

If a bank client firmly knows the amount of money he needs to make a large purchase and can at the same time predict his income, he will most likely be interested in opening a time deposit. This method of storing money involves placing it for a fixed period, the bank gets the opportunity to use this money for investment, and the owner of the capital receives an agreed interest. As a result, the investor has the opportunity to supplement the amount in the account with interest charges and increase savings.

But if there is a need to work fairly regularly with money in a bank account, then a fixed-term deposit is not a suitable method. For example, if a citizen has the opportunity to frequently top up his account and make large purchases relatively regularly, it is more convenient to use a savings account.

Disadvantages of a fixed deposit

Time deposits have certain disadvantages and therefore cannot cover the needs of all clients. So, if a depositor needs to withdraw his funds before the end of the period specified in the deposit agreement, he will lose a fairly significant amount when recalculating interest charges on the deposit. And there are quite a lot of citizens who make contributions not for the purpose of forming a certain amount, but simply set aside available funds. In this case, it is difficult to predict exactly when the need for a large amount in a bank account will arise.

In addition, not all banks’ deposit products offer the possibility of carrying out debit transactions. In other words, the terms of the deposit may not allow the withdrawal of part of the funds. Those deposits whose terms provide for the possibility of using funds on a time deposit provide for the calculation of interest charges based on the minimum balance that was in the account.

This is very inconvenient, since the money may be needed only for a few days, and at the time of withdrawing the required amount, the balance that was recorded in the account will make the interest payment for a certain period insignificant. In addition, banks tend to set a “minimum balance” limit, that is, withdrawing an amount exceeding a specified threshold is impossible without closing the deposit. And closing a deposit, in turn, may lead to the loss of most of the interest accrued.

Another disadvantage can be considered the fact that deposit offers from some banks do not provide for the possibility of replenishing a time deposit. That is, the funds lying in the account are simply “frozen” for some time, the amount cannot be withdrawn or increased, and this does not at all contribute to the growth of savings.

Savings account

An alternative to a fixed-term deposit is a savings account, which is incomparably more convenient for everyday use. Standard conditions that are basic for similar offers from many banks are:

• The ability to freely withdraw funds;
• Possibility to withdraw funds in almost any amount (no “minimum balance” requirement);
• Possibility to replenish your account in any amount;
• Receiving interest payments on the “minimum balance”;

Some banks' proposals suggest increasing the interest rate depending on the time the money is in the account. In addition, the amount of funds in the account also affects the interest rate.

Thus, a savings account can be used both for savings and for daily work with money. You can use money from the account to pay for purchases and services; you can transfer money from your savings account to a deposit account (subject to the availability of such a possibility in the deposit agreement).

Using a savings account, you can transfer funds as part of opening a deposit online, or replenish the OMS (an impersonal metal account) opened in gold or another metal.

Disadvantages of a savings account

The main disadvantage of this method of storing funds, such as a savings account, can be considered the more modest interest rates that banks promise. In addition, the interest rate is significantly influenced by how much money is in the account.

Another one of the few disadvantages of a savings account is common to all bank accounts that belong to individuals. All such accounts are insured according to the mandatory insurance program, but the amount of insurance coverage cannot exceed 700 thousand rubles. If the amount in the savings account is greater than the amount of insurance coverage, then if the bank encounters problems, the depositor may receive compensation in a smaller amount than the amount that was in his account.

The client's situation can be aggravated by the fact that, in many cases, the client has several accounts in the same bank. For example, a savings account is used for regular settlement transactions, and part of the funds received in this account is transferred to a deposit. And the maximum amount of insurance compensation is intended to pay compensation not for each account, but for all accounts belonging to the same person at once.

Therefore, if a potential investor operates with significant amounts, it is better for him to choose a bank that has the maximum degree of stability. These are, as a rule, banks under the control of the state and structures that are systemically important. Such banks offer slightly lower interest rates on savings accounts than small commercial banks that are most interested in attracting customers.

However, by sacrificing some interest, the owner of the capital increases his chances of saving money.

Bank offers

It must be said that almost every bank offers a savings account with “On demand” conditions, and the conditions of some credit institutions do not allow opening a time deposit or receiving a bank card without the client having such an account. In this case, the savings account is the base account to which the card is “linked”, and this account is where the funds that were accrued as interest on the deposit are transferred.

On the other hand, there are deposit offers that are more profitable for account holders, and may well replace the Demand account, since the interest rate in deposit products is significantly higher.

Sberbank

One of the most stable banks in the Russian Federation, Sberbank, offers to open a specialized savings account.

A credit institution can offer its clients high reliability, interest rates on such an account are up to 2.30% per annum in rubles (0.40% per annum in US dollars and euros) - this is for an amount of 2 million rubles. From 100,000 to 300,000 rubles, the yield will be 1.70% per annum in rubles (0.2 in foreign currency with an equivalent amount on the account).

Alfa Bank

The bank can offer several accounts at once, designed for regular work with funds.

Savings account “Valuable time”

The account provides an extremely flexible system for calculating interest payments. The rate is not fixed, but is calculated based on the minimum balance in the account for a certain period of time. The longer the funds have been in the bank (during a quarter, six months or a year), the higher the interest rate. The annual interest rate at the time of updating this article may be up to 9%.

The client can freely carry out debit transactions, replenish the account, withdraw money without losing interest. One of the disadvantages is the minimum amount required to open an account – 300 thousand rubles. This same amount is the minimum balance; if you need to withdraw more money, you need to close the account.

Savings account "Blitz-Income"

The account allows the investor to increase his savings and at the same time be able to freely use the money. The interest rate can reach 5.6% per annum, charges are calculated based on the minimum balance in the account during each month.

There are no restrictions on deposits and withdrawals, however, the table of interest rates indicates that more or less significant interest begins to accrue if there is an amount of 100 thousand rubles or more on the account (min. balance).

Savings account "My Safe"

The account is intended for creating savings, but there are no restrictions on withdrawing money or replenishing the account. The interest rate is relatively low - up to 1.8% per annum, however, the interface of the Alfa-Click Internet banking system helps to form savings. The program helps you set a goal, set a time, and calculates the amount of contributions needed to achieve that goal.

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 opened 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 imposed:

• 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 clients. 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.

Everyone would like to save and increase their savings, but everyone does it differently. Some people prefer to invest their free funds in real estate, currency or securities, others choose the less risky option of opening a deposit in a bank. There are also those who keep money “under their pillow” so that they can manage it at any moment. But the most financially savvy people give preference to several areas for preserving and growing savings, choosing as one of them a banking service such as a savings account.

Savings account – what is it? How is it different from a deposit?

Savings account is a current bank account that has the following characteristic features:

• firstly, the bank accrues interest (savings) on the balance of funds in such an account, according to the annual interest rate determined in the terms of use of this banking product;
• secondly, you can replenish and withdraw funds from your account at any time and as much as you want - without any restrictions from the bank.

Such an account may be called differently in different credit institutions: safe account, piggy bank account, money box, online piggy bank. But the essence does not change. In some ways it is similar to a settlement or expense-replenishable deposit (more details), but there is still a difference between them.

Anyone who has ever opened a deposit in a bank has an idea of ​​the restrictions this banking product imposes:

• For deposits that offer good interest (usually savings or replenishable deposits), early withdrawal of money is prohibited, and if you still withdraw funds ahead of time, the income will be minimal (the exception is settlement deposits, for which partial withdrawal is allowed without loss of interest, but , as a rule, it is necessary to leave an amount in the account that is not less than the minimum balance provided for in the deposit agreement);
• If you open a deposit for a short period, then the interest will be the lowest;
• It is not always possible to replenish the deposit (this applies to savings deposits), which leads to the need to conclude another agreement with the bank.

In the case of a savings account, the situation looks somewhat different. Having opened it, the client can, at his own discretion, dispose of the funds placed on it. It is possible to both replenish the account and withdraw the necessary amounts from it, and at the same time income will be accrued on the balance. Speaking about how this banking product differs from a deposit, it is worth noting that it is opened for an unlimited period.

Benefits of opening a savings account. When is its use appropriate?

The main arguments in favor of opening a savings account are the ability to freely manage your funds and receive additional income. But it has several more obvious advantages:

• Security of savings. Keeping all the money on the card may be unsafe, because there is always a risk of losing the card, and fraudulent activities with them are quite common. But a bank account has a much higher degree of security.
• Remote service. Using a mobile or online bank, you can literally transfer funds from a card account to a savings account and back by pressing a couple of buttons. An existing client can also open a wallet account (if it is available in the bank’s product line) online without visiting the office.

The above advantages make opening a piggy bank account advisable in the following cases:

1. Use as an expendable and replenishable deposit.

2. Safe storage of funds from your bank card. To reduce the risk of losing funds from your card account in the event of an emergency, it is better to transfer most of the money to a savings account. Due to the same risks, it is not advisable to use it to calculate interest on the balance of funds on a current account - it is better to transfer this function to a separate safe account.

3. Short-term storage of a large amount before making an expensive purchase with a card(and save money and receive income).

4. Preventing the risk of loss of income when storing funds on a savings or replenishable deposit for a long time. Let us explain in more detail. Typically, the above deposits have the highest rate, but the terms of the deposit prohibit partial withdrawal of funds - this threatens to reduce the interest rate to the level of the rate on a demand deposit, i.e. complete or partial loss of income. In order not to lose income, most of the savings (85-90%) are put into a savings deposit, and a smaller part (10-15%) is transferred to a savings account with a lower interest rate, but with more favorable terms for withdrawal and replenishment. Then, if you urgently need money in case of an unforeseen situation, you can withdraw it from the savings account without losing income from the savings deposit.

5. Storage (family reserve fund). You can quickly withdraw money if you urgently need it for family needs.

Interest calculation schemes

Before opening an account, you need to know all the ins and outs of it, and first of all, everything that concerns the calculation of interest on the account balance. There are several interest calculation schemes:

1. With daily accrual and payment of interest. For the client, this is the most transparent and profitable way to accumulate funds, which can be found at Touch Bank and UniCredit Bank;

2. With daily accrual and monthly payment of interest. A common method of accruing income, for example, in Tinkoff Bank on a safe account;

3. With interest accrued on the average monthly account balance;

4. With a change (differentiation) of the rate depending on the amount on the account (or other factors);

5. With interest accrued on the minimum account balance.

Different schemes can be combined, but it is especially worth focusing on the last one, when monthly interest is accrued on the minimum balance on any day of the month. That is, if a client has an open deposit for 200,000 rubles, but during the month he first withdrew 70,000 rubles from it, and then deposited 150,000 rubles, then at the end of the month, income will be accrued to him on the minimum balance, which was 130,000 rubles.

It is better to avoid banks with such conditions, since such a scheme is fraught with several other features:

• firstly, you may not be accrued interest at all for the first month if you open an account and deposit money into it only the next day (consider that on the first day you had a zero account balance);
• secondly, for the same reason, you will not be paid interest when transferring the entire amount from the account on any (not the last) day of the month, even when the account is closed.

You may come across accounts with - this is an additional advantage, as it will increase your income.

Pitfalls of piggy bank accounts. Nuances and pitfalls

Savings accounts also have disadvantages.

The first one is that this banking product is essentially a regular current account, not a contribution. This means that the bank at any time at its discretion (unilaterally) can change the terms of its service, for example, by reducing the interest rate. This cannot happen with deposits, because there the rate is fixed by the deposit agreement for the entire period from the moment the funds are placed. This makes it difficult to predict returns even in the absence of additional deposits and withdrawals.

The second disadvantage can be attributed to more low rates compared to deposits(usually by one percentage point). Although, despite the fact that average market rates on deposits are constantly decreasing following the key rate of the Central Bank of the Russian Federation, it is worth noting that rates on savings deposits are not decreasing so sharply, and in some cases they are even higher. At the same time, do not forget to carefully analyze the conditions in this regard - there may be a catch.

And there can be various pitfalls, for example:

1. Ban on operations. Despite the fact that a piggy bank account is a current account, not all banks allow transactions such as interbank transfers or cash withdrawals at bank cash desks (this is possible, for example, at Raiffeisenbank or Otkritie Bank). It is often used in conjunction with another account in the same bank (for example, with a card account); you can top up your savings account from it and you can also withdraw funds to it. This is customary in Tinkoff Bank (exchange of funds is possible only with a card), in VTB (exchange with a master account), in Rocketbank and in a number of other banks.

2. Commission for withdrawal of funds from the account. When withdrawing funds from an account (if possible), you may be subject to a commission - this also applies to cash withdrawals at cash desks and transfers (for example, a commission will have to be paid at Raiffeisenbank). The only way out of this situation is to get a free debit card (if there are such in the bank’s tariff line), transfer money from the piggy bank to it, and withdraw it without commission at an ATM.

3. Non-payment of interest for the last month use of the account when withdrawing funds.

How to open a wallet account

As mentioned above, existing clients of almost every bank (where opening a savings account is provided) have the opportunity to open such accounts remotely: in a mobile application or online banking. In this case, a paper agreement is not signed, but only a tick is placed in the appropriate program window confirming that you have read all the terms and conditions of the banking product.

If a person is not a bank client, then he needs to personally visit a bank office to conclude a comprehensive banking service agreement. You only need to take your passport with you.

After this, it’s enough to issue any card and get access to, in which you can open a piggy bank account. Also, in a number of banks you can open an account directly and immediately deposit money into it.

Examples of savings accounts in Russian banks. How much income can you expect?

Interest rates on savings accounts vary significantly from bank to bank, and even within the same financial institution they may depend on a number of conditions. Most often, the percentage changes depending on the amount that is placed in the account, but this is not always the case. Voicing rates on specific accounts is a thankless task - they are constantly changing, and, as a rule, downward; we will give only a few examples at the time of writing.

For example, in Sberbank, to which a fairly large number of citizens trust their savings (mostly in the old fashioned way), the interest on a savings account is directly dependent on the amount placed, or more precisely, the minimum account balance. With a balance of up to 30,000 rubles, you can expect an income of 1.5% per annum, and if the balance exceeds 2,000,000 rubles, then the interest will be 2.3% per annum. This is a fairly low rate, although Sberbank does not offer much for its deposits - the maximum interest is 5.58% per annum.

VTB Bank, which also enjoys high trust among the population, offers much more attractive rates. There, the accrued interest does not depend on the placement amount, but on the term. For the first month, the rate is 4%, then it increases monthly, reaching 8.5% per annum by the twelfth month. If you additionally order a VTB Multicard, then the income after a year of using the account will be 10% per annum (however, subject to monthly purchases on the card for a sufficiently large amount - 75 thousand rubles).

At Promsvyazbank, using the “Simple Rules” savings account, you can get from 2.5% (with the minimum balance during a calendar month below 5,000 rubles) to 5% (with a minimum balance of 100 thousand rubles).

Tinkoff Bank offers a fixed interest rate of 6% per annum with monthly capitalization. You can open an account remotely by first issuing a conditionally free Tinkoff Black debit card (by the way, it’s easy to make it completely free to use).

Rocketbank gives 6.5% per annum on the entire amount without lower and upper thresholds (access through a free card).

Otkritie Bank offers the following percentage based on the average monthly cash balance on the smart account (opened for shareware):

• up to RUB 29,999.99 – 7% per annum;
• from RUB 30,000 to RUB 499,999.99 – 5% per annum;
• from 500,000 RUB and more – 3% per annum.

There is also the “My Piggy Bank” Account, where you can receive an income of up to 6.5% per annum every month for any amount from 10,000 rubles. Can be opened at the deposit office.

Touch Bank opens a savings deposit for a free bank card. 6% is charged on the deposit balance; if you have not withdrawn funds within 30 days, then starting from day 31 the rate rises to 6.25%. Finally, the 7% rate begins to apply starting from 91 days, in the absence of operations to withdraw funds from the deposit account during the previous 90 calendar days.

Is it worth giving up traditional deposits? Advice for banking clients

Although the rates on piggy bank accounts are in most cases lower than on deposits, the possibility of freely using the funds placed there makes many people think about choosing a savings account. In fact, savings accounts and classic bank deposits are slightly different instruments, and to use you need to understand the pros and cons of each of them.

Finally, we will give some advice to investors:

• Use the above recommendations and do not fall for these pitfalls on the part of the bank;
• If you want to open a piggy bank account and a deposit, it is better to do this in different banks (risk diversification);
• Order free cards with delivery (Rocket, Touch Bank, Tinkoff, etc.) and conveniently open accounts in a mobile application or online banking - why waste your time visiting banks when everything can be done remotely without interrupting your main activity;
• Do not keep a lot of money in piggy bank accounts (definitely no more than 1.4 million rubles), if you have not formalized them with a paper agreement and have not received a receipt order in your hands - despite the fact that the funds are insured by the DIA, the bank may still collapse, and you will have to “run” to get them. And transfers of funds that are not recorded on paper may miraculously not end up in your account (you will be tortured to prove that you are not a camel) - have you heard about off-balance sheet deposits? Google it;
• If possible, open accounts with daily interest payments (Touch Bank, Unicredit).

VTB 24 savings accounts allow you to receive high income in 2020, as on a deposit, and also freely manage savings in rubles and foreign currencies: dollars and euros. Let's look at their pitfalls, how interest is calculated and paid, and also compare the current rates and conditions.

The VTB savings account is a financial service that will be convenient and beneficial for those who do not want to open a deposit because they do not have large savings, but intend to put their money to work. This is a kind of piggy bank that you can get into if necessary, but the funds are not only stored in it, but also generate passive income. At the same time, the interest on the account can be even higher than that of deposits (for a review of VTB Bank deposits for individuals, see).

Today VTB offers two types of similar products:

1. "Savings account";
2. Account "Piggy Bank".

They have different interest schemes and rates.

In this review, we will compare the conditions and profitability of VTB Bank savings accounts, find out their pitfalls, and also find out which of them will be the most profitable today.

"Savings account" VTB Bank: conditions and interest

The main difference between a “Savings Account” and a deposit is that the amount and period for investing money are not strictly established. You can put at least 100 rubles in the bank, even a million, and take it back even after a month, even after a year. You will still receive some income.

Briefly, the conditions of the “Savings Account” of VTB Bank are as follows.

Conditions for opening a Savings Account at VTB Bank

• Deadline: not established;
• Replenishment: no restrictions;

Interest rates for VTB Savings Account without Multicard

Interest is accrued monthly on the amount of the minimum balance on the “Savings” account during the month.

In order to receive a high income, it is enough to keep the amount unchanged or top up your account. Over time, the rate will increase.

in Russian rubles

In Euro

How to get a higher rate

VTB offers increased interest rates on the Savings Account to Multicard holders. In order to receive them, you must open, in addition to an Account, also with the “Savings” option.

In this case, the amount of the premium to the base interest rate will depend on the amount of purchases on the VTB Multicard per month.

Interest rates of VTB Savings Account with Multicard and “Savings” option

Conditions for calculating interest with VTB Multicard:

1. The surcharge is accrued on the amount of the minimum balance during a calendar month when making purchases using the VTB Multicard for an amount of at least 5,000 rubles and is paid no later than the 15th day of the next month.
2. Interest is paid on the last day of the month by capitalization. If the balance on the Savings Account is more than 1.5 million rubles, then the bonus is accrued only in the amount of 1.5 million rubles.

Where to open a Savings Account

You can open a VTB Savings Account in three ways:

1. at any branch of VTB Bank. To do this, you only need a passport;
2. online in Internet banking;
3. through the Mobile application.

Closing conditions

1. The balance on the Savings Account is returned to the client’s master account.

See the terms of the savings account at Alfa-Bank.

VTB "Kopilka" account: conditions and interest

The Piggy Bank account is another interesting financial instrument that VTB Bank offers today. Its main feature is the accrual of interest not on a monthly minimum balance (like the “Savings Account”), but DAILY.

Briefly, the terms of the Piggy Bank account are as follows.

Conditions for opening a “Kopilka” account at VTB Bank

• Currency: Russian rubles, US dollars, euros;
• Deadline: not established;
• Minimum amount: no restrictions;
• Replenishment: no restrictions;
• Minimum amount of additional contribution: no restrictions;
• Withdrawing money: without restrictions and loss of accrued interest.

Interest rates for VTB “Kopilka” account without Multicard

Interest is calculated daily on the account balance. The rate depends on the amount of money and the storage period.

in Russian rubles

In currency

0.01% in US dollars and euros, regardless of the amount and term.

IMPORTANT! One client can only have one account in each currency. When re-opening an account in the same currency, an increased interest rate is not provided for the first three months!

Compare VTB interest rates with the rates offered today

How to get an increased interest rate on your Piggy bank account

VTB Multicard owners can receive increased interest on this account. To do this, in addition to the “Piggy Bank”, you also need to open the VTB Multicard with the “Savings” option.

In this case, the amount of the interest premium to the base rate will depend on the amount of purchases on the VTB 24 Multicard per month.

Interest rates for the “Piggy Bank” account with the VTB Multicard and the “Savings” option

Conditions for calculating interest with VTB Multicard

1. Increased rates apply only for amounts up to 1,499,999 rubles. For an amount over RUB 1,499,999. an income of 0.01% per annum and a premium for the “Savings” option are accrued.
2. The interest rate is paid on the last day of the month, based on the amount of the incoming balance of funds in the “Piggy Bank” account at the beginning of each day.

Where to open a Piggy bank account

You can open an account at any branch of VTB Bank. For this you only need a passport.

Registration in online banking or mobile application is not yet available.

Closing conditions

1. Interest is not accrued for the month in which the account was closed;
2. The balance on the Piggy Bank account is returned to the client’s master account.

Conclusions: pitfalls of VTB Bank savings accounts

So what is more profitable to open - a regular VTB Savings Account or a Piggy Bank? To answer this question, let's compare their pros and cons.

As you can see, a regular “Savings Account” and a “Piggy Bank” are quite different from each other.

1. Savings account

It is profitable to open for investing money for a long time;

An analogue of the VTB Comfortable deposit.

2. Account "Piggy Bank"

It is beneficial to arrange for storing small amounts intended for daily expenses;

An analogue of a Debit card with interest accrued on the balance.

Information about VTB Bank

VTB Bank is a universal commercial bank with state participation (60.9% owned by the state). The bank's head office is located in Moscow, and the bank is registered in St. Petersburg.

VTB was founded back in 1990. During its development in 2016, it acquired the Bank of Moscow, and in 2018, the subsidiary bank VTB 24. Now it is a single VTB bank.

Today VTB is one of the largest and most reliable banks in Russia. In terms of equity capital, size of assets and amount of deposits, VTB is second only to Sberbank. But I am ready to compete with the largest bank in Russia in terms of accessibility of services for the population. It has many branches not only in Moscow, St. Petersburg, but also in other cities of Russia.

All VTB deposits are insured in accordance with the Federal Law “On Insurance of Individual Deposits in Banks of the Russian Federation” No. 177-FZ dated December 23, 2003.

Contacts for information and consultations

Find out more about the conditions for opening and interest rates of Savings Accounts from VTB Bank employees.

Phone: 8 800 100-24-24 (free for regions of Russia).

Postal address: 109147, Moscow, st. Vorontsovskaya, 43, building 1.

The information is not a public offer. General license of the Bank of Russia No. 1000.