To ensure that funds are not kept under the pillow or do not remain inactive on the current account of an individual or legal entity, banking organizations provide an opportunity to receive interest on unused funds. A savings account is an unlimited deposit that can be used at any convenient time and replenished whenever possible.
It is necessary
Identity documents and funds
Instructions
Step 1
First of all, you need to choose a bank that will be conveniently geographically serviced. It is worth visiting the websites of nearby banking institutions and exploring the products, the priority will be the highest interest rate and no additional fees.
Step 2
In some banks, at the request of the client, it is possible to link the savings account to a plastic card, you can find out about this by calling the selected bank by phone. Then it will be more convenient to check the balance and withdraw funds, if necessary. It is also possible to fill out an application for opening a savings account via the Internet.
Step 3
To open a savings account, you need the same documents as to open any other; the list includes a passport and an identification code. The rest of the package of documents is provided by bank employees. On the spot, you will need to fill out a questionnaire, sign an application for opening an account and an agreement. You may also need a signature on the printout with the applicable tariffs, which will certify your agreement. The list of documents may vary slightly depending on the internal position of the banking organization. Photocopies of identity documents must also be signed.
Step 4
Almost all banks open and maintain a savings account free of charge. The account currency can be selected at your discretion. Interest is calculated monthly on the amount that was on the account for a full month. That is, if a certain amount of funds was withdrawn, and the next day the same amount was returned to the account, then interest on it will no longer be charged.
Step 5
The fees for servicing the savings account should be carefully studied, since it is likely that the bank has established a commission for withdrawing funds from the account.
