The share of deposits and savings accounts in the structure of Russians' savings has exceeded 90%

The share of current accounts in the Russian savings market has fallen from 14.3% to 9.5% since the beginning of this year. Their place was taken by savings accounts, which grew from 20.4% to 22.1%, and deposits, which expanded from 65.3% to 68.4%, VTB analysts said.

Over the year, balances on savings accounts increased by about 200 billion rubles due to the overflow from current accounts. The unprecedentedly high level of the key rate allows banks to set attractive conditions for savings products, and customers without unnecessary risks to fix the interest, gradually transferring funds from current accounts to savings accounts, experts say.

In VTB itself, for example, the number of savings accounts increased by 20% this year. For comparison, last year the growth amounted to only 2%. The bank's clients opened more than 4.6 million savings accounts, and the volume of their portfolio reached 1.6 trillion rubles.

At the same time, deposits account for the bulk of Russians' savings, with rising interest rates increasingly encouraging citizens to place funds on deposit.

According to VTB's forecasts, the key rate will continue to remain at a record high level. Under these conditions, the structure of the ruble liabilities market is changing, and the share of cash rubles in the savings of Russians is decreasing. Now it has fallen to a historical minimum (about 15%). Analysts note that about 350 billion rubles in cash will "flow" to bank accounts this year.