“These are additional sources of money that banks will be able to direct to investment projects that the country needs now,” the parliamentarian explained.

In his opinion, the deposit insurance system currently works in such a way that people mostly keep deposits for up to one year, while the economy needs “long-term” money to implement investment projects.

“This proposal (to create a savings certificate. -


), in my opinion, will stimulate citizens to form such savings and send them to banks.

Moreover, they will be protected.

And the economy will have “long-term” money to finance important tasks,” Aksakov concluded.

Earlier, Russian President Vladimir Putin, during his address to the Federal Assembly, proposed launching a “savings certificate” program, on which it would be possible to place funds for a long period.