More Savings Going Into Term Deposits

The Central Bank of Iran says savers have become more inclined to put their money in banks for longer periods and term deposits are growing at a faster pace.
While term deposits lagged behind sight deposits in the last year and a half, new data suggest that growth in the former is outpacing the latter.
Term deposits reached 31,398.6 trillion rials ($116 billion) up until August 22, which was 39.7% or 3,546.5 trillion rials ($13b) higher on the same period last year. Sight deposit grew 38% to reach 7,089.1 trillion rials ($26b).
In the same period a year before, savings as term deposits  registered an annual rise of 28.4% while sight deposits grew 86.4%. New data indicate that that trend has changed.