In Novosibirsk, the decrease in the volume of funds on deposits in banks was estimated

As of March 1, the volume of deposits placed in credit institutions by residents of the Novosibirsk Region in rubles and foreign currency amounted to 486.98 billion rubles. This is 1.57% less than on February 1, while 5.5% more than a year earlier.

Judging by the statistics of the Central Bank provided by RBC, in general, at the end of February, Novosibirsk residents were less active than in other regions withdrew funds from their accounts: the rate of decrease in the volume of deposits in the Novosibirsk Region was 22.9% (0.5 pp) lower than the average Russian rate.

According to the results for March, ruble deposits sank over the month by 1.27%, foreign currency deposits - by 3.8%. In Moscow, the volume of deposits lost 4%, in the Krasnoyarsk Territory - 9.4%, in the Omsk Region - by 6%. At the same time, in the Altai Territory, the volume of deposits in foreign currency increased by 17.6% over the month, adding 2.45 billion rubles in ruble terms over the month.

Bank Accept confirmed that at the end of February there was some outflow of deposits from individuals, but after adjusting rates upwards, the volume of deposits began to increase. As a result, according to the results of the first quarter, the volume of deposits of individuals in Bank Accept JSC increased.

Svetlana Zakharova, deputy retail manager of the Siberian branch of Otkritie bank, also confirmed that the Siberian branch of Otkritie bank also recorded a small outflow of term deposits at the end of March compared to the beginning of the year.

“Part of these funds flowed into savings accounts, or demand accounts, which are not urgent. Basically, clients returned ruble deposits to the bank at a higher interest rate, except for cases when the purpose of withdrawing deposits was to buy real estate, a car, or repay loans. In March-April, we see an increase in clients' interest in withdrawing funds from foreign currency deposits in the amount allowed by the Central Bank. Clients explain this by the desire to have quickly liquid cash dollars "on hand".

According to a survey conducted by Otkritie, 76% of Siberians have ruble savings, and 28% additionally have deposits in foreign currency. 24% of respondents do not have savings. Every third person has deposits in rubles.

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After the rate increase, more than half of deposit holders (54%) shifted their money at higher interest rates. 32% did not take any action with their deposit, 9% withdrew part of the funds from their deposits and practically no one took all the money from the banks.

45% of Siberians against the backdrop of recent events did not take any action to save money.

When asked about the best way to save money, 42% preferred cash. 29% consider a ruble deposit to be the best way to save money, 15% a savings account in rubles, 16% gold bars and 14% cash. 18% called Russian real estate the best tool for storing savings, 12% - durable goods, 5% - a foreign currency deposit.

“The peak of demand for classic savings occurred in the first half of March, after a significant increase in the key rate of the Central Bank of the Russian Federation and a proportional increase in rates on savings products,” VTB states. “In the first weeks of March, the number of contracts concluded on them was 6 times higher than in the same period last year, and the average check remained at the same level.”

VTB experts predict that in the short term, the focus of clients' attention will remain on deposits and savings accounts, while banks' offers in precious metals, both in physical and impersonal forms, will also be used to diversify assets.