OREANDA-NEWS Next year, the amount of available funds on Russian bank cards may increase significantly. This forecast was given by Yuri Shedko, Doctor of Economics, Professor at the Financial University under the Government of Russia. His words are quoted by Gazeta.Ru.

According to the analyst's expectations, the amount of free money on citizens' cards may increase by 20 percent to the current level by September-October next year. Such dynamics will be largely due to the active transition of Russians to a savings model of financial behavior.

According to Shedko, citizens are already using their free money to open deposits and deposits. Relatively high rates on these types of products help them earn additional income. "The average amount of free money Russians have on their cards will increase in proportion to income growth," the economist stated.

Earlier, Alexey Okhorzin, Senior vice president of VTB, argued that bank deposits will remain attractive to Russians for a long time. The average yield on such financial products, he explained, would remain high until the key rate became unambiguous. This is still a long way off, emphasized Alexey Zabotkin, Deputy Chairman of the Central Bank. According to his expectations, the rate will remain above 10 percent next year.