Evgeny Goryunov, Head of the Monetary Policy Department at the Gaidar Institute, explained why bank deposits remain the most popular savings instrument among Russians today.
According to the expert, this choice is linked to the accessibility of deposits, high interest rates, and trust in this instrument. Real estate also retains its position as one of the most reliable ways to invest funds.
“Today, a bank deposit is objectively the best savings option for most citizens. Real estate remains in demand as a more conservative instrument: many still believe that investing in square footage is more reliable than financial investments. At the same time, interest in the stock market remains relatively low, and demand for car purchases has dropped significantly due to high prices,” noted Evgeny Goryunov.