An economist has revealed a clever strategy that will help in the era of the Central Bank’s high and volatile key rate.
The comment was shared by Igor Balynin, Associate Professor of the Department of Public Finance at the Financial University under the Government of the Russian Federation.
In a conversation with Rossiyskaya Gazeta , the expert advised Russians not to open one deposit, but to distribute funds across several deposits with different terms.
He explained using the example of 200 thousand rubles. This amount can be divided into four deposits of 50 thousand rubles for periods of 3, 6, 12 and 36 months.
This strategy allows you to increase your savings more effectively than placing funds in just one deposit.
In addition, the economist believes that long-term deposits with the possibility of replenishment are more effective than short-term options.
Its opening will allow in the future to replenish the account with existing funds, the economist summed up.
On October 25, the Central Bank of the Russian Federation raised the key rate again. This time, they decided to increase the indicator to 21%.
It is possible that the rate will be raised again in December. There is a possibility that the rate will reach 23% by the end of the year.
Meanwhile, banks are already raising rates on their deposit products up to 25%.
