You can worry about your savings if the banking system is under threat, but now there are no signs that credit institutions will face revocation of licenses, says Mikhail Belyaev, candidate of economic sciences, financial analyst. He shared his opinion with Lenta.ru and also gave advice on what to do with savings.
Ruble deposits
“If you have savings in ruble equivalent less than 1 million 400 thousand rubles, then you have nothing to worry about at all, because in which case the Deposit Insurance Agency will compensate you for all this money. It compensates from its own funds, the funds there consist of the fact that banks deduct money there during their operation, ”the economist shared.
For those who have savings exceeding 1 million 400 thousand, the economist recommended putting funds into accounts in different banks, since accounts in the same organization are summed up.
The only thing to fear is some exchange rate losses of the ruble against the dollar, Belyaev noted. However, according to him, if they are, then they are quite insignificant, and they will be covered by the interest paid on the deposit.
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Currency deposits
Fears that the ruble will lose ground against the dollar are not justified, the economist believes. However, when the situation calms down, we can expect the ruble to weaken slightly. Therefore, those who have foreign currency accounts can gain a little against this background. “But we must understand that practically no interest is paid on foreign currency accounts, that is, it is rather about the safety of these funds and the hope that you will win after a certain period of time on the exchange rate difference,” he said.
Cash savings
Belyaev did not recommend investing in equipment that is really not needed, because it is rapidly improving and tends to age.
“Keep money at home, in my opinion, for one single purpose – when you are prone to emergency expenses and you should always have money on hand. In this sense, the stock should be at home. In all other cases, it is counterproductive, you have to take it to the bank and get at least some interest, ”advised the economist.
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Benefit on the course
When the dollar is raised against the ruble, the most disadvantageous moment to rush to the box office, said Belyaev.
“You can exchange dollars for rubles, but you have to look at the selling and buying rates. If now, for example, there is an attractive quote for you in the bank – 81 rubles, and you bought 60 at one time, withdrawing dollars, converting them into ruble mass – this is possible. You will win in pure form in rubles, but then you need to figure out what you will do next: put them in a ruble account at interest or, when the ruble exchange rate normalizes against the dollar, sell them again and buy dollars, ”he concluded.
Earlier, in the course of trading, the euro exchange rate reached 101.07 rubles, and the dollar – 89.9 rubles. In this regard, the Bank of Russia announced measures to stabilize the Russian financial market.
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