Many of us thought about saving money for a rainy day, but how to do it right? Money should work, so storing it at home under your favorite pillow is not practical. It is most advantageous to put available funds on deposit at a high interest rate. And here a problem arises, and even two: how in modern realities can a person with an average income get at least some money out of his meager budget? And to whom should they be deposited and augmented, because there are many financial institutions, and all of them attract beautiful promises and colorful signs to themselves?
PrivatBank advantages over other banks
The older generation has already been taught bitter experience, when all their savings turned to dust in one day, so today many people are wary and incredulous about the various baits of financial institutions. Nevertheless, it is always necessary to have funds in reserve. Of course, most people live from paycheck to paycheck, some are even mired in loans, but this only indicates the financial illiteracy of the people. You can always allocate at least a small part of the money, for example, abandoning a new dress or an extra pack of cigarettes.
However, trusting your hard-earned money is only necessary for trusted and reliable banks, so that you do not have to worry about their owners' financial problems later. Among the Ukrainian financial institutions, the leading position is occupied by PrivatBank. Services at a decent level, has been operating for 22 years, provides a huge number of profitable and relevant banking products, has representative offices abroad, and is pleased with a wide network of ATMs throughout the country.
How to become a client of PrivatBank?
Joining a large and friendly family is very simple, for this you need to become the owner of any bank card. PrivatBank (Ukraine) issues credit, pension, salary, payment cards to open a card account. Each client is invited to use the service of accumulation of funds. “Piggy bank” can be connected both in the branch itself, and in an ATM or self-service terminal. Internet users are even simpler: they should register in the Privat-24 electronic banking system and open a deposit there, setting the amount of monthly deductions.
How to open a piggy bank deposit?
If you have a debit card, the Piggy Bank service is provided. PrivatBank opens a deposit for a period of one year or more. You can save money only in hryvnias, but the annual interest rate of 16% is good. After a year, the client can pick up the deposit; if the funds are not withdrawn, the service is automatically extended for another year. Interest is paid only after 12 months, that is, at the end of the contract. If the deposit remains with the bank, then they are added in monetary terms to the amount of the deposit. Thus, the capitalization of interest occurs .
Basic deposit replenishment methods
Many clients are interested in questions about how to withdraw money from PrivatBank's Piggy Bank, and how to deposit it there. Trying to please everyone, a financial institution provided several ways to replenish deposits:
- You can save money by replenishing the “Piggy Bank” with change from purchases. To do this, you should choose a method of rounding spending to 1, 10 or 100 UAH. For example, with the help of a settlement, salary or pension card (previously connected to the service), the client pays the purchase for 286 UAH. If rounding to UAH 10 is chosen, then UAH 4 will be credited to the deposit. (UAH 290 will be debited from the card); and if up to 100 - 300 UAH will go off the card, and 14 UAH. pick up the "piggy bank".
- PrivatBank 24 can also be involved in the accumulation process. You can choose the method of crediting a certain amount of money to the Piggy Bank after each expenditure transaction. If any amount is withdrawn or credited from the payment card, then a part of the funds is transferred to the deposit, the rate can be either fixed or interest.
- You can set a fixed amount, which on a particular day will be monthly transferred to the “Piggy Bank”. For example, a person receives a salary on the 2nd day, 200 UAH will be credited on the same day. on deposit.
Funds control
PrivatBank is pleased with its transparency: the client can check the balance of the deposit at any time, receive a statement of the accumulation of funds. There are several ways to do this:
- Directly at a bank branch, self-service terminal or at an ATM.
- You can get a detailed report in the Privat-24 system or using the application for mobile phones.
- Connect SMS-banking to receive statements and balance on a mobile phone using messages.
How to withdraw money from PrivatBank Piggy Bank?
It is most profitable to withdraw funds after the expiration of the contract, that is, exactly one year after the opening of the deposit. For example, a deposit was registered on July 12, 2013, which means that the accumulated money along with interest can be received on July 12, 2014. On July 13, the contract will automatically be extended for another year. It’s very easy to withdraw funds. What options does PrivatBank offer its investors? "Piggy bank" (you can withdraw money both in cash and non-cash) is emptied as follows:
- Using a mobile application.
- Through the self-service terminal.
- By going to the website “Piggy Banks”.
- By visiting the Privat-24 system.
- By calling the operator at 3700.
- By contacting a bank representative in any branch.
So, how to withdraw money from PrivatBank's Piggy Bank, without particularly complicating yourself? In the first four options, you should go to the “My deposits” → “Piggy bank” section. Then enter your phone number and wait for the SMS message with a password. After entering it, you can view the entire deposit report. To pick up the deposit, you need to enter a certain amount and click on the "withdraw money" button, after which the funds will be credited to the "linked" card.
How to withdraw money from PrivatBank Piggy Bank in the last two cases? To do this, you need to have a passport with you so that the employee can identify the client. The manager draws up an application and makes an electronic transfer to the indicated card.
Is it possible to withdraw a deposit ahead of schedule?
If you need a deposit with complete freedom of action, then there is only one answer - PrivatBank, Piggy Bank. You can withdraw money at any time, without even waiting for the contract to expire. Of course, in this case, interest will not be paid in full, but only in part. Depending on the term of the deposit, the amount is multiplied by a certain coefficient:
- up to 3 months - 0.33;
- up to six months - 0.5;
- up to 12 months - 0.67;
- exactly one year - 1.
It is most advantageous to take a deposit in 12 months, then all charges will be paid, but none of us is safe from unforeseen circumstances, and it is very pleasant that the bank takes this into account and goes towards the customers. A person with even small incomes can put off, the main thing is to want.