With the onset of summer in Russia, banned from using savings books and certificates of deposit to bearer. Thus from the turnover securities are issued that confirm the amount of the individual deposit, in which their owner is not specified. In use, only registered passbooks and certificates will remain. They will be included in the deposit insurance system. By the present moment there are no active savings books for bearer in the Russian Federation, the "Newspaper. Ru ". A previously issued certificates of deposit will be in effect until the end of the agreed period and on the terms on which they were issued. So the owners of securities have nothing to worry about. The cancellation of savings passports and savings certificates to the bearer is one of the ways to combat corruption, financing of terrorism and legalization of proceeds from crime, the explanatory note to the law says, which removes them from circulation. Such securities allow identification of only the beneficiary and the bearer, "but not other persons participating in the turnover". In addition, "anonymous" passbooks and certificates were used in fraudulent schemes. The original owner transferred the certificate to the bearer to the bona fide purchaser, and subsequently declared its loss and sought its invalidity through the court. As a result, the acquirer was deprived of the right to receive money. Meanwhile, deposit certificates are becoming increasingly popular. According to the Agency for Deposit Insurance (DIA), in the first quarter of this year, the size of households' funds in Russian banks placed in this instrument grew by 6% to 411 billion rubles. More than 90% of all certificates issued in Russia fall on Sberbank. Experts agree with the need to cancel passbooks and certificates of deposit to bearer. They are called "rudiments" of the Soviet era: in those days, the transparency of the financial sector was different, and similar tools were sufficient for the safe storage and circulation of funds. In changed realities, these papers are morally outdated. Anonymous transactions on any legal channel allowed earlier to circumvent legal requirements and could be used for criminal purposes. Therefore, they should have been canceled long ago, experts say.. The fact that savings certificates, along with bank deposits fall under the insurance cover of the DIA, will lead to a reduction in interest income on them. The decrease can be almost twofold: now rates on savings certificates are 11.25-12.25%, and after transferring them to the DIA, rates will approach 6-7% per annum, that is, to the level of interest rates on deposits. "In general, the market for savings certificates will decrease, as other credit institutions, except for Sberbank, do not make sense to invest in the production of this security, if it is almost no different from the deposit and if there is already a dominant player in this market, whose position is close to monopoly the force of historical circumstances, "- said analyst Alor Broker Alexei Antonov.