Every Russian sets financial goals for himself — big and small. But not everyone manages to achieve them. And the reason for this is the absence of any system: money is spent chaotically. But everyone needs savings: for vacations, renovations, gifts for loved ones or other pleasant purchases. How to save money when it seems that the salary is small?
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The “gold standard” of savings is to put aside 10% of every money you receive into your account. The good thing about this rule is that it applies to anyone. For example, if the salary is 20 thousand, then you will need to save only 2 thousand per month. To move towards your goal, you must first “pay” yourself. What does it mean? As soon as the money is credited to the account, you need to immediately send 10% to the “piggy bank” and only then pay the bills. The question arises — how to save money from the temptation to spend ahead of schedule? Yes, today there are different types of deposits that can be opened even for a small amount. The problem is that as soon as you choose the option of replenishing and depositing money into it, the rate drops sharply.
At the moment, in addition to bank deposits, there are also savings accounts. This is a kind of hybrid of a current account and a deposit, simultaneously acting as a wallet, a piggy bank, and even a tool for additional income. Its main advantage is flexibility, which is recognized by financial market experts. It opens for an indefinite period (as an addition to a debit card, but without being tied to it) and for any amount. You can top up such an account with any amount at any time, and withdraw money at any time — previously accrued interest will not expire, unlike a deposit.
According to Irina Zhigina, an expert at the National Center for Financial Literacy, a savings account is beneficial for those citizens who need to save funds for an indefinite period. For example, you are planning to go on vacation. You look through different options and look for the right time. In such a situation, money may be needed at any second, but storing it at home is unsafe and unprofitable. For such a case, a savings account is better suited than a deposit that is opened for a certain period and withdrawal of funds ahead of which threatens the loss of all accumulated interest.
“Savings accounts have a significant advantage over deposits — the client can freely withdraw and replenish them without loss of profitability,” comments Natalya Tuchkova, head of the VTB Savings department. “In addition, the rates on savings accounts are now not inferior to deposits. If we take our bank, from November 26, the profitability on savings accounts for new clients and those who have held less than 1 thousand rubles in ruble savings products over the past 90 days will be 15% per annum in the first 3 months with a further possibility of increasing it.”< /p>
The average rate on savings accounts at the top 10 Russian banks today is about 10% per annum, the maximum is about 15%. At the same time, offers are appearing on the banking market that allow you to independently manage the rate of such a product — for example, it can be increased simply by making habitual purchases using the card and receiving a salary or pension from the bank.
But it is worth remembering the possibility of changing the rate on savings accounts. When the key rate decreases, interest on accounts follows it. But the client has the right to withdraw his funds and transfer them to any other deposit or account without loss.