At the time of opening a deposit account, not everyone clearly understands that it is possible to receive additional profit. What is the minimum balance on the current account with Sberbank and what is it for?
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Minimum balance on the current account of Sberbank - what is it?
When opening an ordinary bank account, profits are automatically accrued in the form of interest. The amount of profit depends on the conditions of a particular deposit. The minimum balance and interest on it are available for both individuals and legal entities.
Features of an account with a minimum balance
The amount of profit is determined by the interest rate, which is calculated based on the size of the deposit. For legal entities wishing to make a deposit with Sberbank, the minimum balance is available on the following terms:
- the maximum minimum balance amount is 500 thousand rubles;
- the maximum balance limit is 100 million rubles;
- terms of maintaining this amount - 7 days-3 years;
- profit on the minimum balance is made before the 5th day of each month.
If you need to place funds in foreign currency on your account, the limit values are as follows: 15 thousand euros and 20 thousand dollars. The maximum for the minimum balance is $10 million.
Money on the account can be spent on current expenses, except for the above minimum balance. To open this account, you should contact the branch or use the Sberbank Online . The possibility of using the account is confirmed by an agreement concluded between the user and the bank. The contract specifies the terms and conditions of the relationship between the parties.
As a corporate client, the best solution is to open an account through Business Online. In this case, you can get higher interest rates. The minimum balance on a current account with Sberbank is available on terms that almost completely repeat the terms of an account issued at a bank branch. The exception is the interest rate. In this case, the interest rate will be 1.07 times higher. This figure may change from time to time. To clarify the interest rate, you can leave an application for opening an account in the Personal Account. Here you can see all the options.
How to open an account with a minimum balance in Sberbank - details and conditions
All details on opening an account with a minimum balance in Sberbank, as well as other details on the conditions, are on the bank's page .
Deposits with a minimum balance
As an individual, you can open a Manage deposit at Sberbank. This deposit also provides for a minimum balance. According to the conditions, you can open a deposit in the amount of 30 thousand rubles (from $1,000). During the deposit period, you can replenish your account. Terms of the deposit period are determined individually from 3 months to 3 years. The interest rate can range from 3.0% to 4.20%. This value will depend on the terms and amount of the minimum balance. However, these indicators are not always related to each other. Often, long-term deposits have lower rates than short-term deposits. For example, the maximum income can be obtained on the following conditions:
- 4.0% (400 thousand rubles, deposit term 6-12 months);
- 4.05% (700 thousand - 2 million rubles, deposit term 3-6 months);
- 4.20% (700 thousand - 2 million rubles, deposit term 6-12 months).
The size of the minimum balance within the "Manage" deposit from Sberbank is set by the user himself. The remaining funds can be written off at any time, noting the regularity: every month or every quarter. This is also taken into account when making and submitting an application. With accumulation, you can count on an increase in the interest rate, subject to reaching the next mark, which is determined by Sberbank.
To find out the conditions, you can use the settlement calculator. To receive an interest rate, you need to specify the amount of the deposit and the size of the minimum balance, terms, as well as the possibility of debiting and depositing funds to the account. During the calculation, you can change various parameters. At the bank branch, do the following:
- fill out the application form;
- sign an agreement;
- open a personal account;
- top up your account with a card or with cash.
A copy of the agreement remains with the client. To check the status of the balance and the percentage of profit on it, it is most convenient to use Sberbank Online. You can connect it during the application process.
The maximum amount has a limit equal to the first installment multiplied by 10. After this limit is exceeded, the rate is reduced by 2 times.
When the validity period comes to an end, you can extend or close your account by withdrawing the accumulated savings. You can also close your account prematurely. However, before you do this and withdraw money, it is worth clarifying the conditions for the early closure of a deposit account with Sberbank:
- if the deposit is short-term (less than 6 months), the rate is recalculated at 0.01%;
- if the deposit is long-term and the term does not exceed half of the period specified in the contract, the recalculation is carried out at 0.01%;
- if the period exceeds half of the period specified in the contract, the recalculation is carried out at 2/3 of the rate calculated by the bank.