Recently, the accumulative savings account of the Russian Federation is gaining popularity. Many bank customers transfer wages to it, believing that this way of keeping money is safer.
How does the savings account of the Russian Federation work
Savings account combines some characteristics of the deposit and a profitable bank card. Its owner, at his own discretion, manages the finances and at the same time the balance of the money in the account brings in a monthly income. The latter is like a deposit, but the depositor cannot make purchases.
The advantages of this type of capital storage are a high level of protection against theft. When a person wants to withdraw money, the accrued interest will not disappear.
In addition, the amount of fewer than 1.4 million rubles on the savings account is subject to insurance in the DIA, similarly to the deposit. But here the contribution is unlimited and you can close it at any time without losing income.
The popularity of savings accounts in the Russian Federation has grown over 3-4 years, now almost all banks in the country have this service. Favorable conditions operate in Promsvyazbank, where, depending on the number and types of purchases made through the card, you can get income up to 8%.
The Moscow Credit Bank offered its savings account, and in just one month, 12,000 clients registered it.
Experts predict that the demand for the service will continue to grow. On average, the number of holders of savings accounts increased by 5% to 30% per month.
With increasing interest from consumers, the variety of offers from financial institutions also grows. A client can open a savings account for various types of currency and deposit rates. Many people have already appreciated the advantages of this type of money storage, as evidenced by the increase in balances on savings accounts – over the year it has grown 3 times.
The deposit program of the service is beneficial for people who transfer wages to the account. Another category of customers – those who want to make a long-term investment, but does not have a large amount. In this case, the money in the account will also bring a good percentage, but you can withdraw funds at any time.
Another option is to share capital. Place part of the money as a contribution, and part of it – put it in a savings account and use it for daily expenses.
For some customers, this money storage option will help you accumulate funds for a large purchase.
For ease of use, banks offer an automatic monthly payroll service, the amount of which the client chooses at his own discretion.