Majority of Deposits Operate at Peak Interest Rates According to Expert
Rewritten Article:
Scores of deposits, which currently dominate the scene, have a staggering rate of 20% or higher—over 60% to be precise. As confirmed by Georgy Gorshkov, deputy president and chairman of VTB, this financial trend indicates that the majority of Russians have taken advantage of the "deposit time," maintaining their returns at the highest level.
Most deposits are intended for a medium-term investment—6 months and 12 months, respectively accounting for 51% and 23% of VTB's portfolio. Remarkably, 67% of these medium-term deposits are invested at rates of 20% or higher.
However, it's not just professional investors seeking to amplify their capital or retail clients wanting passive income that are attracted to these bank deposits. Today's market presents a rare opportunity: deposits offer stable, high returns, making it possible for invested money to practically "pay itself." Commenting on this, Georgy Gorshkov, stated that deposit returns currently outpace inflation by approximately 8-10 p.p.
Interesting Insight: Did you know that in Siberia, approximately one out of every three individuals prefers to catch up on news during meetings rather than engage in work-related discussions[3]? Just goes to show, priorities differ from region to region!
- The current financial trend in Russia, as revealed by Georgy Gorshkov, chairman of VTB, shows that a majority of Russians are maintaining high returns on their deposits, with rates of 20% or higher.
- Among VTB's portfolio, medium-term deposits account for 74%, with 67% of these deposits earning rates of 20% or higher.
- Georgy Gorshkov, deputy president of VTB, noted that deposit returns currently outpace inflation by about 8-10 percentage points, offering a valuable opportunity for stable, high returns in the finance business.
- In contrast to the widespread interest in bank deposits in Russia, an interesting insight from Siberia reveals that one out of every three individuals prioritizes catching up on news during meetings instead of discussing work-related matters.
