How interest is calculated on the VTB 24 savings account

This service is a kind of piggy bank for those people who do not have a large capital, but want to start saving and increasing the available money. Unlike deposits, a cumulative account is distinguished by convenient and advantageous use, since it can be used to withdraw any amount available at the right time. In addition, the money in this account is not just stored, but multiplied.

Also, the convenience of such a service lies in the fact that a bank customer can replenish this account with the profit obtained automatically.

Principles of operation of the VTB 24 savings account

Anyone who becomes a customer of a VTB24 banking institution will be able to open his personal accumulation account, after which a personal plastic card will be issued to the customer.

When a customer has received a savings card, his account immediately begins work, which consists of the following financial transactions:

1. Before the funds. On the payday or other designated date, money is automatically credited to the card in the amount agreed upon when drafting the contract. In addition, you can independently make the desired amount of money, but this will have to contact the employees of the banking organization.
2. Interest charge. The interest rate is calculated monthly. It should be borne in mind that the percentage is from the balance of the account.
3. Cash withdrawal. This operation can be performed by the client at any time convenient for him. Also, the accumulated amount can be withdrawn, either partially or fully. At the same time, interest earned is saved.
4. Interest withdrawal. Accrued interest rate is always available for the client. Therefore, if desired, it can also be removed at any time.

Interest rate and terms of accrual

If we compare the usual bank deposits of individuals with the VTB24 savings accounts, in the second case the following more profitable conditions can be seen:

• the ability to open an account online using online banking. To do this, do not even need to leave the house. It is enough to have on hand any gadget with Internet access;
• customer account maintenance is free of charge, that is, at the expense of a banking institution;
• anyone can open an account without age restrictions. The main thing is to have a passport.
• it is possible to open a savings card for any period, without any time restrictions;
• the minimum initial deposit is also one ruble, which must be put in order to activate the card;
• The minimum amount of monthly payments is also not limited. In addition, it is not necessary to replenish the accumulation card every month. In this case, the worst thing that can happen is the loss of the rising rate, and it all depends on the prevailing situations that are considered by the bank representatives in each case individually;
• there is no limit on the maximum balance of funds, that is, the client can deposit as many funds in such a piggy bank as he considers necessary;
• there is constant access to cash savings;
• the possibility of cashless payment, for example, in the store for the purchased goods, or payment of utility bills;
• cash withdrawal without loss of interest;
• open, replenish, withdraw, and receive interest not only in the national currency (rubles), but also in euros or dollars.

As for the interest rates of the VTB24 piggy bank, they are quite high. In this case, the initial rate is calculated each month for the minimum amount that remained on the account during the calendar month.

In order for the interest rate to be higher, it is necessary to keep the amount of money in the piggy bank as long as possible, or replenish it in a timely manner.

In this case, you need to consider that if the accumulated amount remains unchanged or increases, the percentage will only increase with each month.

Getting a higher bid

To get higher interest rates, it is necessary to open an account with VTB24 bank and multi-card of the same bank. In this case, it is important that the option "savings" be available on the multicard.

Further, the owners of such cards receive a kind of percentage premium, which is charged on top of the base, and depends on the funds spent. With such a card, the maximum income can be up to ten percent per annum of the money spent.

This surcharge is calculated on the minimum remaining amount during the month, provided that the payment for purchases was made by the VTB24 multi-card, and was at least five thousand rubles.

Such accruals are made until the fifteenth day of the next month. And, the transfer of money from interest is made by capitalization on the last day of the current month. It turns out that if the minimum balance during the entire calendar month was one million rubles, then the surcharge will be charged on one million rubles.

From the above, we can conclude that the VTB24 savings account is more profitable than a simple bank card, more convenient than a cash deposit, and much safer than keeping money at home.

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