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Ürünstar 4.7
T-Bank Savings Account (formerly Tinkoff)
I've tried a few savings accounts, but this one from T-Bank really stands out. It's all about making banking easy and hassle-free, with top-notch customer support to boot. You get a competitive interest rate, minimal fees, and a user-friendly mobile app that makes managing your money a breeze. I've been using it for a while now, and I'm really impressed with the value for money.
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My Savings Account Story: How I Earned 2,895 Rubles with a Small Balance
summarizeEditor's Summary
I opened a Tinkoff savings account to set aside a specific amount for my card and earn interest on my balance. I was impressed by the ease of use and the ability to withdraw my money whenever I need it. With a 10% interest rate for Pro subscribers, I was able to earn 2,895 rubles in a relatively short period. However, I do wish the interest rate was higher for non-Pro users. I've been using Tinkoff's savings account for over a year now, and I'm happy with the results. One thing I like is that there's no minimum balance requirement, so it's easy to get started. I also appreciate that the interest is compounded, which helps my balance grow faster. But I do have to remind myself to regularly transfer money to my savings account - it's easy to get caught up in the convenience of using my card and forget to save.
settingsSpecifications
Kararİyi
FaizOranı9/10
KullanımDaha7/10
BakiyeDeğişimi8/10
HesapAçmaSorunsuzluğu9/10
Hello everyone!
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I wanted to share my experience with Tinkoff's savings account.
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I opened it back in late 2021, right after I got my card.
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Why I decided to open a savings account?
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I usually keep all my money on my card, and it's easy to get tempted to spend it all at once. I wanted to set a specific amount for my card and stick to it.
The second reason is the interest on my card balance. I figured, why let my money just sit there when it could be working for me?
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I'd heard of savings accounts from my parents, but it was a new concept to me. I started with Sberbank, but quickly dropped it – their interest rate was way too low for my small sums.
That's when I decided to give Tinkoff a try.
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Why a savings account, not a deposit?
With a savings account, I can withdraw my money whenever I need it. And, okay, it won't make sense in this month's budget, but I'll tell you more about that later. With a deposit, that's not an option.
Plus, you can usually open a savings account with any amount, whereas deposits have much higher minimums. As a student, I'd have to save even more for a deposit.
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Now, let's talk about the account and my experience.
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How do I open it?
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Opening a savings account is a breeze – you can do it from home. Just find the account section, click 'open', and you're done. It's as easy as that.
I've had wildly different balances on my account - anywhere from 300 rubles to 85,000. The balance can fluctuate a lot, especially when I'm buying furniture or electronics.
Depending on the balance, the interest earned each month changes too. But I think that's pretty self-explanatory.
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So, how does the account work?
I deposit some money, but it's best to do it on a specific day of the month - for me, it's usually the 9th. I'm guessing that's the day my account was opened, and that's when the interest is usually credited.
Then I wait exactly a month and see my interest on the 9th.
But there's a crucial catch. You can't withdraw the money before the 9th, or you'll lose the interest for that amount, and the cashback will only be applied to the minimum balance left. That's why it doesn't make sense to deposit money in the middle of the month.
Although, I've found a way to avoid this issue - not in this bank, though.
But that was my thinking before writing this review. Maybe the conditions were different before, but now it says that the interest is calculated daily. And, actually, there's a cool new feature that shows how much you've earned for a specific month.
A quote from the website sums it up:
You won't lose the interest you've earned if you withdraw all or part of the money from your account.
Now, I've come up with a little scheme. If I get money before the 9th, I deposit the excess on the Daily account and then transfer it to this account.
As of now, my interest rate is 7%. And I think that's a pretty great deal.
I compared this account to two other popular options - Sber and Alfa. In Sber, even for a small amount, the interest rate was incredibly low, like 0.03% if I recall correctly. However, that was a while ago, so things might have changed. In Alfa, the first month offered a respectable 9%, followed by 4.5%. I double-checked the terms, so I'm pretty sure I got it right. Anyway, 7% interest on a permanent basis is a much better deal, so I've decided to stick with it for now.
Here's a link to check your tariff.
Last month, I got lucky and landed in the cashback categories - Pro or Premium. The key was that the interest rate was increased to the end of the month. I'm glad I took a closer look at the categories. I'm not sure how much I'll earn this month, but I'm expecting a decent amount.
So, in total, I've earned 2,895 rubles so far.
On one hand, the amount is tiny, but considering I often had sums of up to 1,000 or even 100 rubles lying around, this is a great result. At least it's something, right? It's definitely better than nothing.
Around this time, I also achieved the lowest amount - a whopping 0.01 roubles. That's probably a record for the smallest amount. I was about to give up, but I decided to try out a different savings account, so I transferred all the money there. I left this one open, though.
On the other hand, I achieved the highest amount - 447 rubles. In all honesty, that's a massive sum considering my entire earnings from this account over the years.
I've only managed to earn 412 rubles so far.
Update:
But then I got a decent payout in May - 596 rubles.
My verdict:
This account is a pretty good option, especially if you don't have a lot saved up. Of course, if you had more money, you'd earn more too.
Even with 1000 rubles, you'd still get some kind of result, and your money wouldn't just sit there doing nothing.
I didn't earn a fortune, but 3000 rubles can get you something and take you grocery shopping at least once, especially considering I just opened the account, deposited the money, and didn't put in any extra effort. And at least a few kopecks are earned.
Thanks for reading!
Check out my other finance reviews
When I initially planned to write a positive review and even give 4-5 stars, but something went wrong. Bank pros and cons, a 1000-ruble cashback promotion for the first purchase, and a bank that's been "feeding me breakfast" for almost a month + Небольшое обновление
The one time when my first experience turned out to be lucky. My favorite debit card in 2023. Who would benefit from this card?
I was thrilled to find a savings account that actually earns interest, with a 9% daily compounding rate. Check out the details
live_helpFeatured FAQ
What is Tinkoff's savings account and how does it work?
Tinkoff's savings account is a type of bank account that allows you to earn interest on your balance. You can deposit money into your account and earn interest on it, which is compounded regularly. You can also withdraw your money whenever you need it, making it a great option for those who want to save for the future but still have easy access to their cash.
What are the benefits of using a savings account?
Using a savings account can help you grow your savings over time by earning interest on your balance. It's also a great way to separate your savings from your everyday spending money, making it easier to stick to your budget and avoid impulse purchases.
How do I get started with Tinkoff's savings account?
To get started with Tinkoff's savings account, simply open an account online or through the Tinkoff app. You'll need to provide some basic information and set up your account, but it's a quick and easy process.
Can I transfer money to my card from my savings account?
Yes, you can transfer money to your card from your savings account in just three seconds. This makes it easy to access your money when you need it.
What is the interest rate for Pro subscribers?
The interest rate for Pro subscribers is 10% per annum, which is a great incentive to save and earn interest on your balance.
Can I withdraw my money from my savings account?
Yes, you can withdraw your money from your savings account whenever you need it. This makes it a great option for those who want to save for the future but still have easy access to their cash.
How do I earn interest on my savings account?
You earn interest on your savings account by depositing money into your account and letting it sit there for a while. The interest is compounded regularly, which helps your balance grow faster over time.
What is the minimum balance requirement for Tinkoff's savings account?
There is no minimum balance requirement for Tinkoff's savings account, making it a great option for those who want to start saving but don't have a lot of money to begin with.
Can I set up automatic transfers from my card to my savings account?
Unfortunately, you cannot set up automatic transfers from your card to your savings account. However, you can transfer money to your savings account manually, which is still a convenient option.
check_circlePros
- •Easy to open and set up
- •Can withdraw money whenever I need it
- •10% interest rate for Pro subscribers is a great incentive
- •Interest is compounded, which helps my balance grow faster
- •I can transfer money to my card in just three seconds
- •The interface is user-friendly and easy to navigate
- •No minimum balance requirement
- •I can earn interest on my balance and grow my savings over time
cancelCons
- •Interest rate is lower for non-Pro users
- •I wish the interest rate was higher, even for Pro users
- •It can be tempting to spend my money on impulse purchases
- •I have to remind myself to regularly transfer money to my savings account
- •It's easy to get caught up in the convenience of using my card and forget to save
- •I wish there was a way to set up automatic transfers from my card to my savings account
- •I sometimes wish the interest rate was higher, but overall I'm happy with the results
- •It can be a challenge to stick to my budget and avoid impulse purchases
