According to the Central Bank, saving in rubles is currently more profitable than saving in foreign currency. This is due to the strengthening of the ruble and high interest rates on ruble deposits.
Central Bank Chairperson Elvira Nabiullina stated that the difference between ruble and foreign currency rates is at a historically high level. This makes ruble savings more attractive for both companies and individuals.
The ruble has been strengthening since December 2024. The Central Bank attributes this trend to the attractiveness of Russian assets and tight monetary policy. Despite a recent decrease, bank deposit interest rates remain higher than the official inflation rate.
Economist Vasily Koltashov notes that saving in rubles is more profitable due to its strengthening and the Central Bank’s high key rate. He also points out issues with foreign currency, such as acceptance limitations and high commission fees.
According to Koltashov, ruble deposits have outperformed both Western currencies and real estate in terms of growth. Previously, real estate growth outpaced deposit interest, making saving less appealing.
Economist Konstantin Selyanin suggests considering individual circumstances for specific recommendations. However, he emphasizes the importance of preserving the purchasing power of savings. He suggests either opening a ruble deposit in a Russian bank or saving in cash currency, such as dollars or euros.
Vasily Koltashov believes that saving in ruble deposits is the best option, providing significant income. He advises against focusing on the euro, dollar, or yuan, as ruble deposits offer the highest returns. He also notes that ruble deposits currently offer greater returns than securities.
BCS World of Investments suggests considering long-term government bonds. These bonds can provide a fixed yield of over 15% per year or approximately 30% over 12 months if ruble interest rates decrease as predicted.
Experts advise approaching stocks selectively, considering geopolitical uncertainty and high interest rates.