Promotion terms

Any client over the age of 14 can open a savings account. For minors aged 14 to 18, the consent of a legal representative is required.

The account can be opened at a The bank office and, if technically possible, in the remote banking system "URALSIB I Online banking" (Online banking, Mobile Bank).

Accrued interest is paid on the account opening date by capitalization, i.e. by adding it to the balance in the Account.

For example, if you opened a savings account on October 15, the billing period will run from the 15th day of the current month to the 15th day of the following month.

Transactions on the account are carried out during the operating day, including on weekends and public holidays established by the current legislation of the Russian Federation.

Information on the duration of the operating day and on The bank's business hours is determined by The bank and communicated to the Client in the manner established by The bank. The duration of the operating day and The bank's business hours may be changed by The bank unilaterally.

Information on changes to the duration of the operating day, including due to technical inability to carry out transactions, as well as on changes to The bank's business hours on public holidays and weekends, may be communicated to the Client by posting it on stands at points of sale, on The bank's official website, or by any other method chosen by The bank.

Yes, the bank reserves the right to change the rate on savings accounts. Information about changes in rates is posted in advance on the bank's website in the "News" section, 5 days before the changes take effect.

Yes, funds in savings accounts are insured in accordance with Federal Law No. 177-FZ dated December 23, 2003, “On the Insurance of Household Deposits in Banks of the Russian Federation,” up to 1.4 million rubles.

The daily balance is the amount that remained in the account each day during the month. The interest accrual method based on the daily balance is especially beneficial for those who frequently top up the account and withdraw funds.

Example:

On the morning of the 1st, the account balance was 100 000₽; on the 11th, you topped up the account by 50 000₽, and on the 22nd, you withdrew 50 000₽.

Thus, for the period from the 1st to the 11th, interest will be accrued on 100 000₽; from the 12th to the 22nd, on 150 000₽; and from the 23rd until the end of the calculation period, on 100 000₽.

The minimum balance is the minimum amount of money that remained in the account during each month.

For example, if your account held 80 000₽, you withdrew 30 000₽ in the middle of the month, and then topped it up by 40 000₽, interest for the current month will be accrued on the minimum balance of 50 000₽.

Upon receiving the promo code, please visit any branch of The bank convenient for you.

Present the promo code to the branch employee and open the “Every Day” savings account to receive 18% per annum on amounts from 500 000 ₽ to 2.5 million ₽ during the first two months.

Only one account can be opened using a promo code. A savings account is an excellent solution for preserving and growing your funds, and with a promo code it is even more beneficial.

Starting from 2023, personal income tax (hereinafter referred to as Personal Income Tax (PIT), tax) applies to income in the form of interest on deposits (account balances) if it exceeds the amount of interest calculated as the product of one million rubles and the maximum key rate of the Central Bank of the Russian Federation in effect as of the 1st day of each month in the specified tax period (calendar year).   

Exception: 

- interest paid on escrow accounts and on deposits (account balances) in rubles, for which the interest rate during the calendar year did not exceed 1% per annum; 

- income in the form of interest received in 2021 and 2022 on deposits (account balances) in banks located in the territory of the Russian Federation. 

Interest received by individuals on foreign currency deposits (accounts) is taken into account regardless of the interest rate and is converted into rubles at the official exchange rate of the Bank of Russia on the date this income is actually received.   

When determining the amount of interest for 2023 not subject to taxation, for 2023 the Federal Tax Service will use the maximum key rate of 15%. 

In 2023, income in the form of interest on deposits (accounts) in banks in the amount of 150,000 rubles (1 million rubles × 15%) is not subject to Personal Income Tax (PIT). 

The determination of the tax base and tax calculation in relation to income in the form of interest is carried out by the tax authorities based on data provided by banks, the Central Bank of the Russian Federation, or the state corporation "Deposit Insurance Agency (DIA)".   

Interest income on deposits and accounts is included in the aggregate of tax bases subject to Personal Income Tax (PIT) at the progressive tax rate of 13% / 15% (for example, wages, income from securities transactions, and other income established by Clause 2.1, Article 210 of the Tax Code of the Russian Federation). If the amount of tax bases is less than or equal to 5 million rubles, the Personal Income Tax (PIT) rate will be 13%. A 15% rate will apply to the amount exceeding 5 million rubles. 

The tax must be paid annually no later than December 1 of the year following the reporting year.  For income received for 2023, the tax on income in the form of interest on deposits (accounts) must be paid no later than December 2, 2024. 

Example: 

Income received by an individual in 2023: 

1. Rental income - 100,000 rubles. 

2. Salary —  2,000,000 rubles. 

3. Income on accounts and deposits at a rate above 1% in rubles and income on foreign currency accounts — 250,000 rubles. 

The maximum key rate of the Central Bank of the Russian Federation in effect as of the 1st day of each month in 2023 was 15% per annum 

The amount of income on deposits and accounts not subject to taxation = 1,000,000 rubles * 15% = 150,000 rubles. 

Total income for 2023 = 100,000 + 2,000,000 + (250,000 - 150,000) = 2 200 000 rubles.

Tax on the total amount of income is 2,200,000 * 13% = 286,000 rubles. In this case, 100,000 rubles (250,000 - 150,000) is the part of income on accounts and deposits on which tax in the amount of 13,000 rubles for 2023 must be paid no later than December 2, 2024. 

Tax payment is made on the basis of a tax payment notice sent by the tax authority. Thus, interest on deposits is paid by The bank in full without withholding tax. The amount of income received on accounts is reflected in the taxpayer's personal account. 

The tax notice will be sent to depositors in September–October 2024 for 2023.

The Central Bank of Russia introduced a new procedure for cash withdrawals from foreign currency accounts and deposits. It applies to all Russian banks. The new rules came into effect on March 9, 2022 and will remain in effect until September 9, 2024.

If funds were credited to your foreign currency accounts before 00.00 (MSC) on 09.03.22, you may withdraw cash in US dollars and euros, but no more than 10,000 US dollars in total from all accounts. If the account is opened in another currency, automatic conversion will be made at the Central Bank exchange rate set for the withdrawal date. If accounts are opened in different banks, you may withdraw up to 10,000 US dollars from each of them. You may withdraw the remaining amount in Russian rubles at the Central Bank exchange rate set for the date of withdrawal. 

If funds were credited to your foreign currency accounts from 00.00 (MSC) on 09.03.22 until 00.00 (MSC) on 09.09.22, you may withdraw cash in Russian rubles at the Central Bank exchange rate set for the date of withdrawal.

If funds were credited to your foreign currency accounts after 00.00 (MSC) on 09.09.22, you may withdraw cash in Russian rubles at The bank exchange rate set for the date of withdrawal.

You may withdraw cash at the teller desk of any bank branch convenient for you. 

There are no restrictions on ruble deposits and accounts, funds in the accounts are preserved, and all transactions are available at any time.