Ozon Bank Savings Review – 18% Rate, Pros & Cons

How to boost your cash and what to watch for with Ozon deposits – plus why Ozon Bank’s savings accounts are fast, transparent, and fair

summarizeEditor's Summary

Honestly, Ozon Bank’s savings account is turning heads right now. They’re still handing out an 18% annual rate – that’s a solid jump from the 14‑16% you usually see at Sberbank or Alfa. The only snag is that the sweet rate only sticks around for about two months before it eases off. If you already have an Ozon card, opening an account is a piece of cake – you can verify yourself right in the app or swing by a nearby pickup point. Payouts hit your account fast, the terms are clear as day, and it feels like a decent value‑for‑money move as long as you’re okay with the short‑term rate window.

settingsSpecifications

ВердиктХорошо

Удобство8/10

Обслуживание9/10

Прозрачность7/10

Процентная ставка8/10

Those sky‑high deposit rates? Yeah, they’re gone. The economy finally steadied up and banks all started slashing rates at once. If you’ve got money sitting in a deposit, you’re now seeing a smaller return.

Deposits (or savings accounts) are my go‑to investment tool. I love them because they’re crystal‑clear and pay out fast. Sberbank and Alfa Bank are only offering 14‑16% these days. After getting used to 20‑21%, it feels weird to settle for less.

Ozon Bank, however, still has a solid 18% rate on its savings account. The catch? That rate only sticks around for about two months before it drops. Still, right now it’s the best deal I’ve seen. I started using Ozon’s card in the spring – I’ll review that later.

To open a savings account with Ozon, you need an Ozon bank card (virtual or physical) with a verified profile. You can verify the profile yourself in the app or swing by an Ozon pickup point.

I keep two savings accounts with Ozon:

Daily‑interest account – 15% APRMinimum‑balance account – 18% APR for the first two monthsBoth are handy because topping them up or pulling money out is a breeze. The accounts are set up instantly and can be closed just as quickly.

🔵Minimum‑balance account with the high rate🔵

Watch out for a little snag when you open one.

When you sign up, Ozon randomly assigns a calculation date – the day they credit your interest. Say I got the 5th and opened the account on August 2nd. That means I’ll get the boosted rate on August 5th, just three days after opening, and then again on September 5th. So one period is a full month, the other is only three days. Not exactly what I expected. What do you do?

I just pinged support via chat and asked them to extend the high‑rate period. Make sure you ask for a human, not a bot.

They sorted it out in about ten minutes, extending the boosted rate to October 5th. In the end I got two full calculation periods plus those extra three days.

If they set your calculation date to, say, the 15th and you opened the account at the start of the month, you’ll end up with two and a half months of the high rate. Bottom line: the bank is pretty customer‑friendly and will work with you. Just don’t be shy about reaching out to support.

With a savings account that pays interest on the minimum balance, there’s a big catch – the bank only calculates interest on the tiniest amount that stayed in the account for the whole billing cycle. So if you opened the account with 20 000 RUB and kept topping it up during the month, the interest is still based just on that initial 20 000.

That’s why you should fund the account with a sizable sum right away and avoid pulling money out.

This kind of account feels a lot like a term deposit. Sure, you can withdraw anytime, but you have to be careful not to waste money or time.

One handy detail: if you withdraw cash and lower the balance, you still have a full day to put the money back. The new balance starts counting from midnight (00:00).

The same account a couple of days later – interest droppedOnce the two‑month promotional rate ended, the interest nosedived. Mine fell to 14 % at first, then to 9 %. That sharp dip was a deal‑breaker, so I switched the money over to an account that calculates interest on the daily balance.

🔵Savings account with daily‑balance interest🔵

Interest is posted every day at 13:00, always at the same moment. I started with 800 000 RUB in the account and saw about 380‑390 RUB roll in each day – roughly 0.4 % of the balance.

After pulling most of it out and leaving about 70 000 RUB, the daily credit dropped to around 25 RUB – roughly 0.3 %. For a while AirEk was rewarding me the same amount for reviews, too. A penny saved is a penny earned, so I’m happy with the drip.

I like the daily‑interest account because the earnings actually stack up every single day. I once had a similar account at Alfa Bank – it claimed to use a daily‑balance formula, but the money only hit my balance at the end of the month.

The upside compared to a minimum‑balance account is clear: if you sit on 100 000 RUB today and pull out 20 000 tomorrow, you still earn interest on the full 100 000 for that first day, then on 80 000 the following day.

That’s why I keep my day‑to‑day cash in this kind of account – the interest trickles in bit by bit. I pull out small sums when I need to pay at stores. Sure, the rate is a tad lower than the minimum‑balance version, but it’s worth it for the flexibility.

Bottom line

If you’re looking for a place to park your cash, give Ozon Bank’s savings accounts a look. The terms are super clear (they don’t hide anything, though you’ll want to note the calculation date), the payouts are exactly what they say (they actually paid me every cent of interest), and the support team jumps on issues fast, always leaning toward the customer.

What I love most isn’t the modest two‑month rate—it’s the transparency of how the interest is calculated. Just make sure you understand how the daily‑accrual accounts work and what the minimum balance requirement is, then plan accordingly.

Detailed review of Ozon Bank

live_helpFeatured FAQ

What interest rate does Ozon Bank currently offer on its savings account?

Ozon Bank is offering an 18% annual rate on its savings account, but it’s a promotional rate that usually lasts about two months before it changes.

How long does the 18% rate stay in effect?

The high rate is guaranteed for roughly 60 days. After that, the interest gets recalculated based on market conditions.

Do I need an Ozon bank card to open a savings account?

Yep – you need either a virtual or physical Ozon bank card. The card links directly to the savings account and is required for verification.

Can I verify my profile directly in the app?

Absolutely. You can upload your ID and finish verification in minutes, or pop over to an Ozon pickup point for in‑person help.

How quickly are interest payouts credited?

Interest is calculated daily and credited monthly, usually within a few days after the month ends.

Is there a minimum deposit to qualify for the 18% rate?

Ozon Bank asks for a minimum deposit of RUB 10,000 to lock in the promotional rate, which is pretty low compared to most competitors.

What happens to my money if I withdraw before the promotional period ends?

You can pull out anytime, but an early withdrawal will drop you back to the standard interest tier.

How does Ozon Bank’s customer support handle account issues?

Support is available via chat in the app and by phone. Users say response times are quick and the staff is helpful with verification and withdrawals.

check_circlePros

•Kick‑off with an 18% rate – a real value‑for‑money boost compared to other banks
•Fast, transparent payouts that land in your account within days
•Set up the account in minutes via the Ozon app or a nearby pickup point
•No hidden fees – the interest is calculated plain and simple
•Your Ozon bank card ties spending and saving together seamlessly
•Customer support is quick to answer verification questions
•Everything’s digital‑first, so you can manage it all from your phone