Russia (bbabo.net), - Sberbank has improved conditions for clients on some deposits. Since February 18, interest rates on the bank's flagship deposits - SberVklad Prime - have been increased: the growth amounted to 1 and 1.5 percentage points, respectively.
Now the maximum yield (taking into account interest capitalization) on SberDeposit Prime will be 9.5%.
The conditions for the Promo Manage deposit have also been improved - the increase was from 1.05 to 1.25 percentage points. depending on the amount of the minimum balance and the period of placement of funds.
“We carefully monitor that both deposits and any other Sber products not only meet market realities, but also provide our clients with the best conditions,” commented Sergey Shirokov, director of the Borrow and Save division of Sberbank. - SberVklad Prime - our most popular deposit products, and taking into account the increase in rates, they become even more profitable, and therefore more in demand."
SberDeposit combines several advantages at once: interest is accrued monthly, the deposit can be replenished at a fixed rate, and the client can set his own term for keeping funds - up to a day. SberDeposit Prime provides an even higher rate - it is the best choice for SberPrime+ annual subscription holders. Experts believe that the increase in interest rates will have a positive impact on financial performance, attract new depositors to Sberbank and reduce the outflow of customers to other banks.
Oksana Fedoseyeva, head of the sales department of the specialized developer Catuar Development (LC Catuar), emphasized: “Currency volatility, the geopolitical and macroeconomic situation, and the protracted pandemic have led to acceleration of inflation and rising prices around the world, so it is logical that the regulator has to make difficult decisions about raising the key rate. We see that the consequences were not long in coming. Sber raised mortgage rates, but there is also a downside - a more positive one. In the face of a growing key rate, raising deposit rates is a natural step for the financial market. Sber has improved conditions today saving funds by raising the maximum rate on time deposits to 9.5% per annum In a situation of growing inflation, such a deposit will be quite in demand by depositors.
It is clear that such a policy of the regulator leads to a slowdown in economic growth, but this is the only way to slow down inflation and rising prices for everything around. An increase in the key rate will affect all bank rates quite predictably, the dependence is directly proportional here, but there is also a positive moment in this: bank deposits are once again becoming attractive to investors. At the same time, it is strange to demand that banks reconsider their business models, keeping rates at the same level in order to support the housing construction market (and any other market too). This is, in fact, how to ask developers not to raise housing prices in a growing market, when the cost of construction is rising. For this, there is a state and various support measures in the form of preferential programs. At the same time, it is worth recalling that a few years ago, market mortgage rates were higher than the current ones, and the program of subsidizing preferential mortgages in 2015, which did not easily support the market for new buildings in Russia, but also gave it a new impetus to development, generally subsidized a rate of up to 12% ( the key rate at that time was 17%), so it’s not worth escalating the situation.”
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