The essence of the new law signed by the President is that special and more profitable banking products have been introduced for citizens who receive social support from the state.
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The essence of the new law signed by the president is that special, more profitable banking products have been introduced for citizens receiving social support from the state. They will be open to low-income citizens and families with an average per capita income below the subsistence level. The law does not specify a specific list of recipients. It will soon be installed by the government.
These are the conditions specified for the social contribution and the account:
Social contribution
– You can keep up to 50 thousand rubles;
– Interest rate: not lower than the maximum rate for deposits of up to one year in a particular bank;
– Interest accrual – monthly;
– It will be possible to top up and withdraw money from the social deposit at any time, without losing interest;
– Term – one year. If after this period the deposit holder is still receiving social support, it will be extended for the same period. If he or she stops receiving state benefits, the social contribution will become regular.
social account
– this is where the allocated social benefits can arrive and the surpluses can be stored;
– You can keep as much money as you want. At the same time, for an amount up to 50 thousand rubles, the bank must charge at least half of the key rate of the Central Bank. Now it is 16% per annum, that is, the rate on the social account should be at least 8% per annum. For amounts over 50 thousand rubles, the rate will be at the discretion of the bank;
– The client can send up to 20 thousand rubles per month from the social account to other banks without any commission;
– The social account is opened for one year, then it can be extended if the client continues to receive social support measures.
How profitable is this?
To be fair, the conditions for contributions and social accounts are not very attractive. Now many banks already offer quite good interest rates, both on deposits and savings accounts. These products are opened free of charge, and transfers of up to 100 thousand rubles can be made without commissions through the Quick Payment System. Therefore, although there will be an increase, it is unlikely to be significant.
On the other hand, the conditions for different products in banks are constantly changing. The goal of the social contribution and account is to make it more stable for those who need support from the State. Now, regardless of the economic situation, they will receive the maximum possible return on their savings.
When will the law come into force?
It will be possible to open deposits and social accounts from July 1, 2025, but only in systemically important banks. There are just over a dozen of them. All of them are the largest. And from January 1, 2027, deposits and social accounts will appear in all banks without exception.
An important nuance. The bank cannot refuse to conclude an agreement and a social contribution account if the person meets all the requirements. At the same time, the client himself can have only one social contribution and one social account. The agreement will be concluded electronically using the government services portal.
HELP “KP”
According to the latest data from the Central Bank, Russians have almost 50 trillion rubles in deposits, savings accounts and current accounts in banks. Over the year, the amount has increased significantly – almost 11 trillion rubles.
