Dangerous Deposit Migration Noticed in the Deposit Market

Transferring funds from one bank deposit to another is not always beneficial for depositors, as warned by Finance University International Business Department Associate Professor Olga Gorbunova. According to the Central Bank, in the fall of 2025, Russians were withdrawing money from deposits in several large financial institutions to reapply them elsewhere. This is a dangerous migration in the savings products market, noted the financial expert.

“Closing a deposit prematurely will result in the loss of already accumulated interest,” explained Gorbunova. If this happens, the bank recalculates the interest at the demand deposit rate, which is usually 0.01 percent. If the amount received from the interest has already been withdrawn, it will be deducted from the final deposit income. As a result, depositors end up losing more because the profitability, even with the new deposit at an increased rate, turns out to be lower, summarized the specialist.