“Alternative to bank deposits” — comment by Konstantin Ziyatdinov for “Kommersant”
Konstantin Ziyatdinov, the head of international projects, Prime Advice, believes that bank deposits in Russia are extremely popular due to a number of factors: high interest rates, a deposit insurance system that guarantees deposits of up to 1.4 million rubles, the absence of taxes on received in the form of Interest income. "The combination of these factors makes the banking deposit an ideal tool for placing free funds for the middle class.In practice, without risking, you can place a considerable amount of money (the deposit insurance so far applies to every contribution of a person in different banks.) Thus it's becoming difficult to offer an adequate replacement for a bank deposit, but it's still possible, "- the expert believes.