Return on bank deposits started to decline

Banks Finansy01-07-2009 Return on bank deposits started to decline Savings Bank has lowered rates on deposits. His example is followed by several banks. Such actions of the Russian bankers have long called Central Bank. After all, the higher the stakes, the harder it is to the bank to return funds to investors, analyst explained Bigness.ru AK Bars Finance Pauline Lazic. In addition, expensive deposits "suggest" expensive loans. " Now the market situation may change. Russian banks have finally heeded the advice of the Bank of Russia on the undesirability of high rates on deposits. The first was the largest retail player - the Savings Bank. As reported Bigness.ru, it lowered the rates on deposits. New rates "Sberbank" reduced by about 1 percentage point. The maximum rate now stands at 13.25%. Previously, the rate on the deposit for the same period was 14.5%. In addition, for deposits in dollars and euros, the bank has installed new flat rates (June 1, Sberbank has balanced the interest rates on deposits in both currencies). It now will be 4,5-4,75%, depending on conditions. But rates on deposits in Sberbank has traditionally been a reference point for the market.