Slovaks still like their current accounts

Slovaks again preferred to leave their savings in bank current accounts last year, according to data of Across Private Investments. Last year, the volume of current account deposits rose €2.8bn, despite the accounts offering a pitiful yield of 0.18%. Another €490m flowed into mutual funds, of which three quarters went into funds with a higher risk profile. Their average pre-tax yield was 2.21%, just above last year's inflation of 1.9%. Savings in the second pension pillar had an average return of 2.29% (index and equity funds 3.7%).

(trend.sk)