An expert explained the best term for opening a bank deposit.
Deputy President and Chairman of the Board of Directors of Pochta Bank, Alexey Okhorzin, shared a comment on this topic.
In a conversation with Gazeta.Ru , he said that everything depends on the investor’s goals.
So, if you are planning to buy something expensive, it is better to take a closer look at savings accounts.
They have lower yields than deposits, but they provide more flexibility in terms of managing your money.
Replenishment and withdrawal are available at any time, Okhorzin emphasized.
If a deposit is still preferable, the expert advises choosing medium-term products that are designed for 6–9 months.
Now the rates on them are at peak values, but at the same time the urgency protects against market fluctuations.
For reference
A fixed-term deposit is a bank deposit for which a certain storage period is established (from several months to several years).
