17% Daily Interest Rate? Yes, Please! My Yandex Saver Review

Hello everyone!

I'm always switching between savings accounts based on the interest rate. Usually, in the first two months, it's a 'welcome' rate, and that's when the interest is really good. I recently stumbled upon Yandex Saver by chance. I've already got all my eggs in the Yandex basket, and I have to say, investing my money wasn't a problem. Honestly, I don't get all the fuss about losing money, since all deposits and accounts are insured by the CBR for up to 1.4 million rubles. So, I've always kept my money in banks with good interest rates. And another thing, I need an account where the interest is calculated on the daily balance, not the minimum balance for the month. Many banks have different variations, but for me, it's all about being able to withdraw and deposit money and get interest on the daily balance. So, when I saw this Saver account, I immediately decided to take a closer look at what else they have to offer.

Yandex SaverAccount setup.

You can set up the account online by taking a photo of your passport and attaching documents and confirming your data in the government services. It seems pretty straightforward, but I had some trouble setting it up – all my photos didn't meet their requirements. In the end, I ordered a courier who came on time, took a photo of me with my passport, and set up the account for me. I went through the registration process, and now I can open the account and get daily interest. There were no issues with setting up the account. You can customize your account design in the app to your liking.

Yandex Saver

Yandex Saver Savings Account I've given my Yandex Saver Savings Account a nickname, so I didn't bother coming up with a new name for it. You could, of course, break it down into separate savings accounts and give them corresponding names. Yandex Saver Savings Account Yandex Saver Savings Account You can set up automatic top-ups from any card. Choose the amount and frequency yourself. Yandex Saver Savings Account Plus, you can set up rounding up purchases and have the change go into your savings account. You can round up to whatever amount you like, and it's all adjustable in your personal account. Yandex Saver Savings Account The app itself has all your cards, credit plans, and split card in one place.
Yandex Saver Savings Account There are also various bonuses and cashback when shopping with your card, a bonus wheel. I only skimmed this section since I already have cards with good cashback deals. Yandex Saver Savings Account Yandex Saver Savings Account On the main screen, you can see the balance on your account and the accrued interest on that amount. Yandex Saver Savings Account Yandex Saver Savings Account You can open multipleOne thing I really like about Яндекс Сейф is that you can open multiple accounts to save for different things, up to 10 savings accounts in total. But to be honest, I prefer to keep everything on one account, so I haven't opened any additional accounts.

Savings Account by Яндекс Сейф

Pros of the Сейф account from Яндекс.

I think one of the highest welcome rates on a savings account is 17%. I haven't seen anything like that at any other bank. This is a welcome rate and it's valid for 2 months after opening the account. After that, the rate drops to 12%, which is a bit of a bummer. They recently changed it, and now it's not as exciting as it used to be. There are better offers out there from other banks.

Savings Account by Яндекс СейфDaily interest accrual on the savings account. That's a first for me, even though I've been saving money in savings accounts at banks for a while now. I've never seen daily interest accrual and payout before. Savings Account by Яндекс СейфAnd yeah, the interest really does come in every day, right on schedule. It's displayed in the statement every day. Over the past three weeks, I've earned around 3,899 rubles in interest, which is about 180-230 rubles per day. It doesn't seem like a lot, but my balance is pretty small since I'm constantly withdrawing and depositing money. Savings Account by Яндекс Сейф

Yandex Saver Savings Account Depositing and withdrawing cash from the account. I only consider accounts that can be topped up and cash withdrawn from. In this case, you can easily transfer money to and from this account at any time. SBP transfers work quickly, both to your own accounts and to other cards. And the limits for these transfers are pretty high. I usually keep money on the account and when I need to pay for something, I transfer the necessary amount to my cards for payment. It's super convenient, transfers are quick, and interest is still accrued on the remaining balance. Yandex Saver Savings Account Yandex Saver Savings Account Yandex Saver Savings Account Yandex Saver Savings Account The app has answers to the main questions that might come up. Yandex Saver Savings Account If you can't find the answer to your question, you can always write to support chat, which works quickly and operators respond to questions pretty fast. The only time they made a mistake and accrued interest late was once, and the operator in chat gave a quick response to my question. Yandex Saver Savings Account You can also order any extracts and certificates in the app. Yandex Saver Savings Account For me, this account has been a game-changer, and I'm happy to use it. If you're looking for a profitable interest rate among savings accounts, I'd recommend checking out Yandex Saver. This savings account with interest accrual on I've gotta say, the interest rate on this savings account is a game-changer. You earn 17% interest for the first two months after opening the account, and it's compounded daily - I've never seen that before. It's a super attractive and convenient savings account that's definitely worth checking out.

Thanks for reading, it's been great sharing my thoughts with you. If you want to see more of my reviews, you can check them out here.