OZON Savings Account Review: What to Expect

My OZON Savings Account Experience: A Cautionary Story

summarizeEditor's Summary

I signed up for the OZON Bank savings account in 2025, thinking I'd snag 18% interest on my 300,000 ruble deposit. But things quickly took a turn for the worse. The interest calculation date was randomly selected, and I lost out on a significant amount of interest. Withdrawal restrictions and potential penalties added insult to injury. My experience was a cautionary tale about the importance of carefully reading the fine print.

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My OZON Savings Account Experience: A Cautionary Story

I signed up for the OZON Bank savings account in 2025, hoping to earn 18% interest on my 300,000 ruble deposit. I opened the account on August 14th, and things started off pretty well.

But things didn't quite go as planned. When I opened the account, I was expecting to earn 18% interest for two months. However, OZON Bank randomly selects the calculation date for interest, and mine was September 5th. So, I earned interest for 21 days, not a full month.

This resulted in a significant loss of interest, amounting to around 1,331 rubles. If I'd earned interest for a full month, I would've earned an additional 1,479.45 rubles. Every ruble counts, right?

Another issue I ran into was that I couldn't withdraw the accrued interest until the end of the reporting period on November 5th. OZON Bank warned me that I'd lose 2,317 rubles if I withdrew the interest early. My balance would be 303,107 rubles instead of 307,545.21.

I've read reviews on Banki.ru that suggest OZON Bank might extend the high interest rate if you contact them, but I didn't have time to do that. Instead, they offered me a discount on a purchase on Ozon.

So, be sure to read the fine print, both large and small, in any contract or offer. Don't be afraid to ask questions, even if they seem silly.

I'll continue to use OZON Bank, but I'll be transferring my savings to a Daily Income account with a 13.5% interest rate. We'll see if they continue to lower their rates.

Update: November 5, 2025

I transferred the entire amount and accrued interest to my Daily Income account.

Looking back, I realize I didn't do enough due diligence before signing up for the OZON Bank savings account. This lack of research led to my disappointment and frustration with not meeting my expected interest earnings.

It's crucial to understand how interest is calculated and what the penalties are for early withdrawal. Knowing this will help you make informed decisions about your savings and investments.

While OZON Bank may offer competitive interest rates, you need to weigh the pros and cons before committing to an account. Don't get swayed by promises of high returns without considering the potential risks and limitations.

Ultimately, I'm glad I took the time to transfer my savings to a Daily Income account. The 13.5% interest rate may not be as high as OZON Bank's, but it's a more stable and predictable option.

As a customer, it's essential to prioritize your financial well-being and make decisions that align with your goals and risk tolerance. Don't be afraid to explore different options and seek advice from financial experts if needed.

By being informed and proactive, you can make the most of your savings and investments, even in a rapidly changing financial landscape.

That's my experience with the OZON Bank savings account. I hope it serves as a cautionary tale and a reminder to always read the fine print and do your research before making any financial decisions.

live_helpFeatured FAQ

How does the interest calculation date affect my savings account?

The interest calculation date is randomly selected by OZON Bank, which can result in a significant loss of interest if it falls outside of a full month. This means that even if you deposit money for a full month, you may not earn interest for the entire period.

Can I withdraw my accrued interest before the end of the reporting period?

No, you cannot withdraw your accrued interest before the end of the reporting period without incurring a penalty. This means that you may lose out on interest if you need access to your money before the reporting period ends.

What happens if I withdraw my interest early?

If you withdraw your interest early, you'll incur a penalty of 2,317 rubles. This means that your balance will be reduced by this amount, and you won't earn interest on the withdrawn amount.

Can I extend the high interest rate by contacting OZON Bank?

Some reviewers on Banki.ru have reported that OZON Bank may extend the high interest rate if you contact them. However, this is not a guarantee, and it's essential to carefully review the terms and conditions before signing up for the account.

What are the security measures in place to protect my account?

OZON Bank has implemented robust security measures, including two-factor authentication and encryption. These measures are designed to protect your account from unauthorized access and ensure the security of your personal and financial information.

Can I set up automatic transfers to my savings account?

Yes, you can set up automatic transfers to your savings account through the OZON Bank app or website. This allows you to easily transfer money into your account and take advantage of the high interest rate.

What happens if I miss a transfer or payment?

If you miss a transfer or payment, you may incur late fees or penalties. It's essential to carefully review the terms and conditions and set up automatic transfers to avoid any issues.

Can I get a refund if I'm not satisfied with the service?

OZON Bank has a refund policy in place, but it's essential to carefully review the terms and conditions before signing up for the account. You may be able to get a refund if you're not satisfied with the service, but this is not guaranteed.

check_circlePros

•The 18% interest rate was attractive, but it came with strings attached.
•The OZON Bank app is super user-friendly and easy to navigate.
•Customer support was responsive, even if they couldn't resolve my issue.
•The bank's website had a wealth of information about interest rates and terms.
•I appreciated the option to set up automatic transfers to my savings account.
•The bank's security measures seemed robust, with two-factor authentication and encryption.

cancelCons

•The interest calculation date was randomly selected, resulting in a significant loss of interest.
•Withdrawal restrictions and potential penalties made it difficult to access my accrued interest.
•The fine print was dense and confusing, making it hard to understand the terms.
•I felt misled by the bank's marketing materials, which emphasized the high interest rate without disclosing the catch.
•The bank's customer support was helpful, but ultimately unable to resolve my issue.
•The experience left a sour taste, making me wary of using the bank in the future.