Disposition to keep money deposits in bank in Russia 2020

In 2016, the share of the respondents who found it better to deposit money in banks rather than to withdraw the existing deposits was measured at 33 percent. However, in the subsequent years, the level of trust in bank deposits fluctuated. As of May 2020, 29 percent of Russians were open to keeping available funds in the bank.

Public sentiments on bank deposit security in Russia between May 2015 and May 2020*

Characteristic	It is better to put available money in the bank right now	If you have money in the bank, it is better to withdraw it	Difficult to say
May '20	29%	42%	29%
May'19	46%	32%	22%
May'18	48%	30%	22%
May'17	54%	29%	17%
May'16	33%	39%	28%
May'15	37%	39%	24%

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Release date

December 2020

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Region

Russia

Survey time period

November 27, 2020**

Number of respondents

1,600**

Age group

18 years and older

Method of interview

Telephone interview

Supplementary notes

* The question of the survey was the following: "what do you think, it is the best time to deposit money in banks, or to withdraw money from banks?" Respondents were able to choose only one option.

** The survey characteristics refer to the latest survey. The figures prior to May 2019 were obtained from the previous versions of the survey which were conducted by interviewing 600 respondents in their apartments.

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