Choosing a profitable option for placing funds as an example of financial literacy

In the modern world, a financial safety cushion is becoming more and more necessary, is an important aspect of financial planning and helps people feel more confident and secure in the event of financial difficulties. Bank deposits are the most popular way of saving and multiplying funds. Each banking product has its own characteristics. They need to be taken into account in order to make the right choice and invest money profitably. In this article, we will take a detailed look at such a type of deposit as a savings account, compare the conditions for savings accounts in such commercial banks as VTB Bank, SberBank and Otkritie Bank and determine the most profitable option for placing funds.