Expert calls bank deposits the most attractive savings instrument

Deposits today have become the most attractive instrument for saving and investing accumulated income, as the rates on savings products are at their maximum level. Alexei Kosyakov, Deputy Chairman of the Management Board of Bank DOM.RF, told about it.

"The yield is fixed, and the funds on deposit are protected by the state. Another plus - this product does not require an understanding of financial risks and is not subject to fluctuations, such as securities," he explained.

Bank DOM.RF, for example, increased the yield on the deposit-constructor "My House" on all terms of placement up to one year. The maximum rate on the deposit for a year when placing from 1 million rubles without options for replenishment and withdrawal subject to payment of interest - 23.4%. Other banks are also raising rates following the growth of the key rate. Gazprombank makes deposits for a year at 22%, Sberbank - at 19%, Sovcombank - 23.1%.

Funds on all deposits and savings accounts are insured by the Deposit Insurance Agency (DIA).