interest Rates on deposits are most sensitive to changes in the key rate. The Bank of Russia reduces its July 2019, and since April of this year reduced it by 1.5 percentage points, to 4.5%. Since the beginning of the year the average maximum bet top 10 banks lost nearly 1%. the Real return on deposits (including low inflation) remains positive, but the adjustment of Bank rates to the new level of the key rate is not yet complete. In particular, banks are limited risk enhance the outflow of investors.

against the background of decrease in Bank rates, investors actively try to force on the securities market. So, the number of customers for brokerage services and trust management has grown for January-March, respectively, 18% and 14% (to 5 million and 390 thousand persons). The bulk of new customers to trade on the stock exchange attracted by the banks themselves.