Lawyer Kirill Danilov, a teacher at the Financial University of the Government of the Russian Federation, said that banks actively advertise deposits with high rates, which can hide completely unprofitable options. The agency reports that “Hit the primer”.
According to Danilov, we can talk about insurance policies or other investment products with risky returns.
The lawyer noted that the most unpleasant situation may be in the case of early withdrawal of funds, for which the bank will return only the redemption amount, which, as a rule, is half of the deposited funds. If the insurance is cumulative, you need to deposit money regularly, otherwise the bank may terminate the contract.
Another option noted by Danilov was investing in precious metals. He noted that metal prices also depend on inflation. In addition, such accounts are not included in the deposit insurance system, and it is very difficult to return the money in case of bank bankruptcy.
The expert also touched upon the variable interest savings accounts that have become popular recently. A high rate is announced to them, but in reality it depends on the size of the account balance, the period of storage of money and the turnover of funds. There may also be other conditions, such as commissions, that could negate the entire declared profitability.
Unexpectedly high deposit interest rates may also indicate that the bank is experiencing serious financial problems and is on the verge of bankruptcy or revocation of its license.
Financier Lazar Badalov in December warnedHe said that bank deposits containing investment products may be unprofitable in terms of profitability. The expert emphasized the importance of understanding that there is no guarantee of income from investments and that the investment part is not insured in the deposit insurance system.
On March 6, the Izvestia newspaper cited a statement by Vera Podguzova, Senior Vice President, Director of External Relations of Promsvyazbank (PSB). WroteWe see that Russian women are increasingly using investment tools to strengthen their family’s well-being.
former financier explained Weakening of the ruble exchange rate.