The financier explained the Russians' interest in bank deposits

Free money should always be invested in financial instruments, including deposits in banks, they guarantee income and security of investments, since the money on deposits is insured. Financial analyst and economist Mikhail Belyaev told about this on Monday, June 16.

"At the moment, about 20% is being paid at a fixed rate. Moreover, no knowledge or special efforts are needed for this. And the most important thing is that it is absolutely reliable and guaranteed by the funds of the Insurance Agency. Compensation for bank deposits is 100% of the lost amount, but not more than 1.4 million rubles for all accounts," Belyaev said in an interview with the "Paragraph".

He added that if you have more money, you should keep your savings in several banks.

Russians can also invest in investment funds or securities, but here it is necessary to have certain knowledge and be ready to take risks, the analyst added.

According to Belyaev, the deposits have a positive effect on the economy.

"Firstly, when citizens keep money on deposits, banks receive additional financial resources that they can use to lend to businesses. This contributes to the growth of production, modernization of equipment, and the introduction of new technologies. Secondly, if money is stored in banks, they are less actively involved in free circulation, which helps to contain inflation," the expert concluded.

By the rate order: deposit profitability returned to the level of August 2024

They dropped below 19%, as the market prepares for an early decline in key

In turn, the head of the Financial market committee, Anatoly Aksakov, said on June 11 that during the first two weeks of June, it is planned to submit to the deputies a bill exempting interest on three-year deposits from income tax. Aksakov also added that, if the document is supported by deputies, this measure will work from January 1, 2026, IA Regnum reports.

Earlier, on June 10, Fyodor Sidorov, a private investor and founder of the School of Practical Investment, told Izvestia that the choice of an investment tool critically depends on the time period: some options are beneficial only for a short distance, others for a long game.

In his opinion, bank deposits remain attractive for short-term investments. Despite the reduction of the key rate to 20%, deposits bring in 16-19% per annum. The shorter the term, the higher the yield.

On June 9, Petr Shcherbachenko, an associate professor at the Financial University under the Government of the Russian Federation, predicted a reduction in bank deposit rates after the Central Bank's next decision on the key rate. 360.ru .