What is a savings account

Surely each at least once heard the banking term - a savings account. Do you know what he means, and what benefits can the client from the opening of such an account? No? Then let's understand together.

1

What is a savings account?

Savings account, it is also called a savings deposit, is a product that banks offer their customers. It consists in saving the funds of an individual for small interest with unlimited possibilities of free use (removal, replenishment) with money on this account.

Usually banks offer the opening of such an account in three currencies:

• rubles;
• dollars;
• euro.

The deposit is drawn up on the initial contribution, which can be called symbolic. The contribution of the permissiveness with the ability to replenish it and make money at any time. On the balance of the account monthly, the Bank charges interest, which can be from 0.01% on foreign exchange deposits and up to 3-8% for savings deposits.

2

"What is the chip?" - Or why open savings accounts?

The rate of savings account is small, so you will not work as a simple client. Then why do you need such a banking product? It turns out that savings accounts have their advantages:

• there is no restriction on the sute of removal (translation), both on other accounts, debit cards;
• there are no restrictions on the SUME storage, which can be constantly replenished (ordinary deposit deposits provide for a contribution to a certain amount to which interest is accrued);
• the removal of the entire Sumy does not lead to the closure of a savings deposit;
• the amount of percent is capitalized monthly.

The savings account is great for monetary and non-cash transfers and calculations.

3

What is needed to open a savings contribution?

To open a savings account, a person needs to contact the bank. With you should be:

• passport;
• money for making account.

In the bank, the client fills all the necessary documents and signs the contract. There is another way to open a savings account. To do this, you must be a bank client and have a registered banking service online (Internet service). There it is necessary to find deposits and choose operations on opening accounts, including a savings deposit.

4

What are the banks of the Russian Federation offer their customers when opening a savings account?

Consider on specific examples, which is included in such a product as a savings account.

• Offer from Sberbank. Sberbank is considered the most reliable bank with a protected state. Open Savings Account In this bank, the client can in any branch or online. The Bank offers 1.5-2.3% per annum on the bank deposit, as for the currency (dollar / euro), the rate is 0.01%.
• Offer from Tinkoff Bank. The discovery of the savings deposit in the Tinkoff Bank can be made both in the office and in online banking. The bank offers its customers such a savings accounting service package: free design online. Annual rate of 6% per contribution, open in rubles. As for currency accounts, the rate on them is 3%.
• Offer from Mail Bank. Percentage accrual starts from 1000 rubles and comes to a mark of 7% per annum, according to the gradation of the availability of funds on a savings account.

The savings account, open in the bank, is the best way to manage your means, which frees from the need to maintain large amounts of cash. At the same time, you can freely make payments, both in the bank's separation and in the online banking system.