Individual possessing a dollar while a pensioner generates income from a ruble savings account.
In the heart of Belarus, a man named Stepan Petrovich has made a noteworthy financial decision that has significantly improved his and his wife's lifestyle. Over the past three years, Stepan Petrovich's bank deposit has grown substantially, providing a steady stream of income and enabling them to save his wife's pension without compromising their livelihood.
In the summer of 2023, Stepan Petrovich increased his deposit to BYN25,000 and signed a contract for a year and a half with an interest rate of 11.7%. This decision proved to be fruitful, as his deposit grew to BYN30,000 over the following two years. The monthly interest income from the deposit was approximately BYN350, a sum that provided them with a sense of financial security.
The growth of Stepan Petrovich's deposit was particularly impressive, with an increase of over 30% in three years. Today, the total deposit amount is slightly more than half of Stepan Petrovich's pension, which has also increased over the last three years.
In early 2025, the interest rate on Stepan Petrovich's deposit increased to 15.2%, due to online registration and his status as a regular customer. This increase led to a rise in the monthly interest payments to approximately BYN380. Despite the potential rise in the dollar price, Stepan Petrovich is not worried, finding the stability of the Belarusian ruble beneficial and the currency fluctuations having minimal impact on his life.
Stepan Petrovich's deposit has provided him with a profit of more than Br10,000 over the three years, which is practically a third of the deposit amount or about $3,500 in equivalent. This profit has allowed him and his wife to break even, and they can save his wife's pension to add to the deposit without harming themselves.
In the last two months of the term, the interest rate decreased to 14%, and Stepan Petrovich spent the last two months' interest income and used his pension for immediate expenses when the bank interest ran out. By summer of 2025, the total deposit amount had increased to BYN35,000, with an additional BYN5,000 gained.
Stepan Petrovich's story serves as an inspiration for many, demonstrating the power of careful financial planning and the benefits of long-term bank deposits. His decision to invest in a bank deposit has not only improved his financial situation but also provided him with a sense of security and a brighter future.
[1] [News archive] (irrelevant link) [2] [Fictional narrative] (irrelevant link) [3] [Fintech business plan] (irrelevant link)
Investing in the banking-and-insurance sector has proven to be profitable for Stepan Petrovich, as demonstrated by the substantial growth of his deposit over three years. This personal-finance decision has significantly improved his and his wife's lifestyle, providing them with a steady income stream from interest and enabling them to save his wife's pension without compromising their livelihood.
