If a person has 1 million rubles, then it is most convenient to invest this amount on deposit (at a rate of 18-22% per annum). This opinion was expressed by Andrey Loboda, economist and communications director at BitRiver, in a conversation with socialbites.ca.
According to him, the maximum amount that can be deposited in a bank is not established by law. As the economist explains, Russians deposit in a bank an amount not exceeding 1.4 million rubles for one or several deposits (the maximum amount of insurance compensation in case of revocation of a credit institution’s license).
Loboda explained that there are restrictions on withdrawing money from deposits before the deposit expires. The economist emphasized that the restrictions apply to deposits offering high interest rates. Loboda noted that in rare cases, banks only allow interest to be withdrawn based on monthly accrual.
“It is better to put 1 million rubles on deposit in a reliable bank for six months to a year with high interest. If you have a larger amount, it is advisable to distribute it among different financial instruments – for example, put 1 million rubles in the bank, and put the rest in dividend stocks, that is, in shares of reliable companies that pay high dividends (percentage of profit – editor’s note) or in stocks and gold. This year you can also make good money on gold,” the economist advised.
Russian banks have been actively raising deposit rates since 2023 following the Central Bank’s increase in the key interest rate (currently 18%).
Previous Analyst accepted Significant rate increase in September.