4star
Ürünstar 4.0
Finuslugi by Moscow Exchange - Financial Platform
I've tried a few financial platforms, but Finuslugi really stands out. Their interface is super easy to use, and the pricing is hard to beat - it's a great value for money. Plus, their customer support is top-notch, so you can trust that your financial needs are in good hands. With Finuslugi, you get a seamless trading experience, robust security, and expert guidance whenever you need it. It's a game-changer for anyone looking to take control of their finances.
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My 20% Interest Rate Surprise: A Honest Review of Finuslugi and How to Make the Most of It
summarizeEditor's Summary
I gotta say, I was blown away by the interest rates offered by Finuslugi in the second half of 2023. While banks were stuck at 15-16% per annum, Finuslugi was luring customers with a whopping 18.5-18.8% on deposits. I discovered Finuslugi around a year ago, and I'm glad I took the leap. The platform offers a great opportunity to earn more on your deposits, and the insurance up to 1.4 million is a nice touch. I'm also a fan of the Moscow Exchange, and I think Finuslugi is a great way to take advantage of its offerings. I've been using Finuslugi for a while now, and I've been impressed with the value for money it provides. The platform is easy to use, and the customer support team is always available to help with any questions or concerns I may have.
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KararIyi
Gecerlilik7/10
HizmetKalite8/10
KullaniciDegerlendirmesi9/10
In the second half of 2023, interest rates skyrocketed, and with them, so did deposit rates.
While banks were offering a paltry 15-16% per annum, FINUSLUGI was luring customers with a whopping 18.5-18.8% on deposits. At the time of writing this review, the offers were:
April 2024It would be a shame to miss out on such an opportunity and not open a deposit through the FINUSLUGI platform.I discovered FINUSLUGI around a year ago.
Initially, I was skeptical about the platform because the interest rate on deposits is indeed higher than what other banks offer. After getting to know the structure, I decided to try opening a deposit there, and it's great that they also offer insurance up to 1.4 million.
I'm also a fan of the Moscow Exchange.
FINUSLUGI is a financial platform created by the Moscow Exchange at the initiative of the Central Bank of Russia to make banking and insurance products available to the population regardless of their place of residence. The CBR included FINUSLUGI in the register of financial platform operators under No. 1.
HOW TO REGISTER ON FINUSLUGI
Registration here is a breeze, and using FINUSLUGI is intuitive.
Initially, you need to verify yourself through government services. It's much easier and faster because government services pass on all the information to the platform.
However, I'm not thrilled about this method because FINUSLUGI asks for permission to access all our documents.
They request a birth certificate for children, insurance policies, and even a SNILS, among other personal documents on two pages, which I don't think they need to know.
But what's weird is that they don't give access to all of Finuslug's documents.
All or nothing!
Next, I fill in my phone number and email address. But to get advanced features like opening a deposit, I need to upgrade to Advanced.
Specifically, I need to confirm my identity through Tinkoff ID or Alfa ID. So if you have accounts or cards with these banks, it'll go pretty smoothly.
Since this is a Moscow Exchange platform, I can also invest here: open brokerage accounts, buy bonds, funds, gold, currency, and other instruments.
I can even get car insurance and loans without visiting the bank. All this can be compared and chosen for the best deals.
Personally, I was only interested in opening high-interest deposit accounts.
HOW TO OPEN A DEPOSIT ON FINUSLUG
When I monitored the deposits of all my banks - MKB, VTB, Sber, Tinkoff, Ozon, and Alfa - they all had the same pros and cons, with the same interest rates.
But through Finuslug's platform, I can open deposits in some of these banks, but with higher interest rates.
So, it seems that the platform somehow collaborates with the banks - the deposits will be held with them, but the account will be opened through Finuslug's platform.
Fino Deposits on Fino Services in December 2023As you can see from the screenshot, at the end of the year, there was an opportunity to open a deposit of up to 18.8%.
I have no idea what this bank is - DomRF, so I opened a deposit in MCB.
A little later, the deposit was displayed in the MCB app itself.
IMPORTANT!
Such high interest rates are only offered to those who open a deposit through Fino Services for the first time!
It's convenient that there's an online deposit calculator here, and you can immediately see what the income will be.
Fino Deposit Calculator for 6 monthsJust enter the desired amount and term.
Fino Deposit Calculator for 3 monthsClick CONTINUE, and the conditions will be specified, then click SEND APPLICATION. The deposit is approved quickly. Then we top it up and it's ready!
Fino Coins
In the personal account, so-called Fino Coins are given for completing tasks. But honestly, this is a useless thing for me, as I have nowhere to spend them. Check out the gifts they give for these Fino Coins. These gifts are already flooding all the websites.
HOW TO OPEN A DEPOSIT WITH MAXIMUM PROFIT
Besides the increased interest rates on deposits, you can also take advantage of another bonus, such as sharing your personal promo code with a friend. Then we both get a one-time increased bonus, and friends also get it.
But there's a catch! You gotta read the fine print carefully!
I'm explaining!
For example, in December 2023, you couldn't open the account with the highest 18.8% interest rate using the promo code. The conditions clearly state that to get the referral bonus, you need to open accounts in banks with interest rates like 15% or lower (there's a list of eligible promo accounts mentioned).
Very sneaky, right?
I opened the account, following all the conditions, and here's what I got after 3 months:
Deposit: 300,010 rubles (I accidentally added a tenner).
Earnings: 15,389.83 rubles.
Let's calculate how much I earned in 3 months (01.2024 - 04.2024):
15,389.83 * 100% / 300,010 = 5.13%. That's the interest over 3 months.
To put it into perspective, let's convert it to annual interest: 5.13 * 4 months = 20.52%!
I ended up earning a bit over 20% per annum with this account! Plus, my friend got 2,000 rubles as a referral bonus.
WHY CAN'T I TOP UP OR TRANSFER MONEY TO FIN SERVICES?
I couldn't top up Fin services, meaning I couldn't transfer the money to my e-wallet. The banks showed an error message saying that Fin services rejected the transaction.
It turned out that the problem was that the transfer was not from my personal account, but from my husband's account. You can't transfer money from someone else's account! Also, you can't top up from a credit or virtual account.
I opened my account right before New Year's, and my money just got stuck there for two weeks because of the holidays.
And what about the limit on bank transfers?
Many banks have a limit of 100,000 per month for transfers through the System for Quick Payments.
Sberbank, on the other hand, has ridiculously lowed it to 50,000.
So, how do you transfer money without any fees?
Well, they've thought that one through!
Replenishing Finservices goes not as a transfer through SPB, but as payment through SPB.
That's why there are no fees.
FINAL VERDICT
✔️ super easy and straightforward registration process
✔️ got a savings calculator
✔️ high interest rates
✔️ referral codes for friends and a code from a friend
✔️ online access without having to visit the office
✔️ replenishing from other banks through SPB without any fees
❌ way too much personal info is requested
❌ can't see that you can't open a high-interest account to get the promo code
❌ one-time opportunity to open a high-interest account
Finservices is a chance to earn a bit more on your savings, at least a little more than in the banks themselves. You can also take out loans and get car insurance, open brokerage accounts.
But the platform has its downsides too.
The thing that really got my goat was giving access to a ton of documents. Too bad I didn't take a screenshot. Those who sign up and read carefully might be in for a surprise.
live_helpFeatured FAQ
What are the interest rates offered by Finuslugi?
At the time of writing this review, Finuslugi offered interest rates of 18.5-18.8% on deposits. Please note that these rates are subject to change and may vary depending on market conditions.
Is Finuslugi a trustworthy platform?
Yes, Finuslugi is a legitimate and reputable platform that is regulated by the Moscow Exchange. You can rest assured that your deposits are safe and secure.
How does Finuslugi's insurance policy work?
Finuslugi offers insurance up to 1.4 million, which means that your deposits are protected in case of any unforeseen events or defaults.
Can I withdraw my deposits at any time?
Yes, you can withdraw your deposits at any time, but please note that there may be fees associated with early withdrawal.
How do I open a deposit account on Finuslugi?
Opening a deposit account on Finuslugi is a straightforward process. Simply visit their website, click on the 'Open Account' button, and follow the prompts to complete the application.
What kind of customer support does Finuslugi offer?
Finuslugi offers customer support through various channels, including phone, email, and live chat. You can reach out to their support team during business hours for assistance with any questions or concerns.
Is Finuslugi available on mobile?
Yes, Finuslugi has a mobile app that allows you to manage your deposits and access your account information on the go.
Can I use Finuslugi if I don't have a SNILS number?
Yes, you can use Finuslugi without a SNILS number, but you may need to provide additional documentation to verify your identity.
What are the benefits of using Finuslugi?
Finuslugi offers a range of benefits, including high interest rates, insurance up to 1.4 million, and a user-friendly platform. The platform is also regulated by the Moscow Exchange, which adds an extra layer of security for users.
check_circlePros
- •The interest rates offered by Finuslugi are significantly higher than what other banks offer.
- •The platform offers insurance up to 1.4 million, which gives me peace of mind.
- •I appreciate the ease of use of the Finuslugi platform, it's straightforward and intuitive.
- •The Moscow Exchange is a trusted and reputable institution, and I feel secure using Finuslugi.
- •I like that Finuslugi offers a variety of deposit options, so I can choose the one that suits me best.
- •The customer support team is responsive and helpful, which is a big plus for me.
- •Finuslugi offers a great opportunity to earn more on your deposits, which is perfect for those looking to grow their savings.
- •The platform is easy to navigate, even for those who aren't tech-savvy.
cancelCons
- •The fees associated with Finuslugi are a bit higher than what I'm used to paying at other banks.
- •I wish Finuslugi offered more flexible deposit terms, so I could adjust my savings plan as needed.
- •The platform's user interface could be improved, it's a bit cluttered and overwhelming at times.
- •I've had some issues with the mobile app, it crashes occasionally and is slow to load.
- •I'm not a fan of the limited customer support options outside of business hours.
- •I wish Finuslugi offered more educational resources and tools to help me make informed investment decisions.
- •The platform could benefit from more transparent fee structures, so users know exactly what they're getting into.
- •I've experienced some issues with the deposit process, which can be frustrating at times.
