In search of benefits: Russians took 1.7 trillion rubles from deposits.

February 3rd. FINMARKET.RU – Record low deposit rates in 2020 turned out to be an outflow of deposits and loss of clients for Russian banks. This is evidenced by the results of a survey of the top 30 credit institutions conducted by Izvestia. In addition, there is a tendency for a significant reduction in the planning horizon of clients, transfer of funds to savings accounts and investments in investment instruments. According to the Central Bank, in 2020, 1.68 trillion rubles flowed from deposits. Experts interviewed by the newspaper believe that deposits will continue to lose their attractiveness in 2021, further increasing the inflow of individual funds to the stock market.

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