The disadvantage of federal credit bonds (OFZ) is that they are a low-profit way to invest money, said financial analyst and economist Mikhail Belyaev. His words are a guide News.ru.
“The method itself is reliable, but in this case it is not profitable. There is a full state guarantee, but the income there is around 8 percent and only if certain investment conditions are met,” he said.
Belyaev stressed that Russian banks now offer conditions for deposits that would make all other instruments meaningless, adding that in this case the amount would be automatically insured by the credit institution.
The other day, Russian Finance Minister Anton Siluanov recommended Russians who want to make long-term investments should invest in OFZs.
Before that reportedby the end of the first half of the year the population’s bank deposits increased significantly and amounted to almost 50 trillion rubles.
Russians before clarifiedWhat will deposit interest rates be in the near future?
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.