The accounts of the residents of St. Petersburg were emptied.
After the summer peak, residents' bank savings fell by almost 196 billion rubles in just two months and fell to 5.416 trillion. But something else is more interesting: since the beginning of the year the increase was only 0.35%, while in Russia as a whole it is 2.4%. That is, residents of St. Petersburg save less willingly than their neighbors from other regions.
The culprits of "victory" are the banks themselves, or rather their proposals. Deposits are no longer as generous as they were a year ago. The decrease in the key also brought with it deposit interest, so some customers decided to look for profitability in other devices, while others opened their savings for large purchases.
In September this was added to the costs of vacations, studies and mortgage payments for the family. Home loans didn't fit into this company by accident. As of October 1, the rate and loan amount under the preferred program depend on the number of children and the area of residence. Therefore, in the month before the changes, the number of issuances in St. Petersburg increased by 55%.
However, it is too early to say that the residents of St. Petersburg are massively "eating" their savings. The money can simply change its storage location. Moreover, in annual terms the volume of funds in the accounts increased by 8.9%.