After the Central Bank of Russia increased the interest rate, credit institutions began to offer deposits at an annual rate of 11-13%. Dmitry Mikheev, asset manager of the investment company “Cresco Finance”, in the broadcast “Radio 1” announcedWhy higher rates won’t increase Russians’ income. According to him, capitalization will only work under certain conditions.
“Deposit interest increases are not for a long period, but for a specific product group, and the higher the deposit amount, the lower the rate will be. At the same time, the rate will not be annual, it will be reviewed three months from the time you deposit the money,” he said.
He added that in conditions of world inflation, the same 8.5 percent distributed in large amounts in banks would only help to reach zero. This is provided provided that food and fuel prices do not continue to rise.
Instead of bank deposits, Mikheev advised to consider other financial instruments that will help preserve and increase savings. These include the stock market, futures, gold and indices.
Russian banks started raising rates At the end of July, the key interest rate on deposits was increased to 8.5%. Nine of the top 20 lenders by asset subsequently increased their interest rates to 11%.
previously in the USA registered The calm reaction of the Russians to the depreciation of the ruble.