Financier reveals how to increase savings after the Central Bank rate increase
Spreading your savings across several deposits with different terms will help you preserve and increase your savings.
The so-called “ladder” principle helps to choose the right deposits.
Elman Mekhtiev, founder of the Kredcheck service, shared information on this matter with the Prime agency.
He said that distributing savings across several deposits with different terms will help you not to miss out on your benefits.
Mekhtiyev explained that periods of high key rates are repeated periodically.
During changing times, placing funds for short periods at times will help you respond to rate movements.
The financier emphasized that when rates move up, lost profits will be less.
He recalled the principle that you should never put all your eggs in one basket.
Mekhtiev also advises not to rush to place money for more than 12 months, despite the bank’s high interest rate.
