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Here are some interesting facts about the bank deposits:
1. Ceiling interest on deposits is not regulated by anyone. Central Bank of Russia gives only recommendations, which follow the banks. These guidelines are dictated by the concern of the Central Bank of the stability of the banking system: if the bank promises a high percentage, but it does not pay in a crisis situation, it would mean the beginning of the collapse.
2. Yes, the state insures the deposits of the population. But in case of force majeure, investors receive the sum of not more than 1 400 000 rubles. If the account lay more money will have to forget about them.
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