diff --git a/docs/UI-PATTERN.md b/docs/UI-PATTERN.md
index de0eacc..2b5013c 100644
--- a/docs/UI-PATTERN.md
+++ b/docs/UI-PATTERN.md
@@ -4,6 +4,6 @@
 
 Во время submit все действия формы блокируются. Ошибки Zod отображаются у поля; ошибки сети сохраняют введённые значения и показываются отдельным `Alert`.
 
-Запросные экраны выбирают состояние в порядке loading, error, empty, loaded. Состояния имеют отдельные компоненты, если повторяются или содержат самостоятельную разметку.
+Запросные экраны без успешных данных выбирают состояние в порядке loading, error, empty, loaded. Если query уже содержит данные, они остаются видимыми при фоновом refetch и его ошибке: рядом показываются неблокирующий progress и локальное предупреждение с retry. Такое состояние называется Client Cached Snapshot; оно не заменяет доменное server-side stale/fallback состояние.
 
 Для finance-экранов container вызывает query hooks, VM выбирает состояние и передает только presentation props в Loading/Error/Empty/Loaded view. Known API errors, retry и stale snapshot остаются local views, а непойманные route errors обрабатывает общий route-keyed ErrorBoundary.
diff --git a/src/features/auth/model/auth.test.tsx b/src/features/auth/model/auth.test.tsx
index 19158a4..bf7458d 100644
--- a/src/features/auth/model/auth.test.tsx
+++ b/src/features/auth/model/auth.test.tsx
@@ -34,4 +34,58 @@ describe("AuthProvider", () => {
 
 		expect(authorization).toBe("Bearer restored-token");
 	});
+
+	it("settles unauthenticated and clears cached data when cold-start refresh has a transport error", async () => {
+		server.use(http.post("*/api/v1/auth/refresh", () => HttpResponse.error()));
+		const queryClient = new QueryClient();
+		queryClient.setQueryData(["cached-query"], { value: "stale" });
+		const wrapper = ({ children }: { children: ReactNode }) => (
+			<QueryClientProvider client={queryClient}>
+				<AuthProvider>{children}</AuthProvider>
+			</QueryClientProvider>
+		);
+		const { result } = renderHook(() => useAuth(), { wrapper });
+
+		await waitFor(() => expect(result.current.ready).toBe(true));
+
+		expect(result.current.user).toBeNull();
+		expect(result.current.accessToken).toBeNull();
+		expect(queryClient.getQueryData(["cached-query"])).toBeUndefined();
+	});
+
+	it("keeps the original protected 401 when serialized refresh has a transport error", async () => {
+		let refreshCalls = 0;
+		server.use(
+			http.post("*/api/v1/auth/refresh", () => {
+				refreshCalls += 1;
+				return refreshCalls === 1
+					? HttpResponse.json({
+							accessToken: "restored-token",
+							user: { id: "user-1", email: "user@example.com" },
+						})
+					: HttpResponse.error();
+			}),
+			http.get("*/api/v1/brokerage-accounts", () =>
+				HttpResponse.json({ code: "UNAUTHORIZED" }, { status: 401 }),
+			),
+		);
+		const queryClient = new QueryClient();
+		queryClient.setQueryData(["cached-query"], { value: "stale" });
+		const wrapper = ({ children }: { children: ReactNode }) => (
+			<QueryClientProvider client={queryClient}>
+				<AuthProvider>{children}</AuthProvider>
+			</QueryClientProvider>
+		);
+		const { result } = renderHook(() => useAuth(), { wrapper });
+
+		await waitFor(() =>
+			expect(result.current.accessToken).toBe("restored-token"),
+		);
+		const response = await apiClient.GET("/api/v1/brokerage-accounts");
+
+		expect(response.response.status).toBe(401);
+		await waitFor(() => expect(result.current.user).toBeNull());
+		expect(result.current.accessToken).toBeNull();
+		expect(queryClient.getQueryData(["cached-query"])).toBeUndefined();
+	});
 });
diff --git a/src/features/auth/model/auth.tsx b/src/features/auth/model/auth.tsx
index 88c9829..1b6b17c 100644
--- a/src/features/auth/model/auth.tsx
+++ b/src/features/auth/model/auth.tsx
@@ -1,5 +1,12 @@
 import { useQueryClient } from "@tanstack/react-query";
-import { createContext, useContext, useEffect, useRef, useState } from "react";
+import {
+	createContext,
+	useCallback,
+	useContext,
+	useEffect,
+	useRef,
+	useState,
+} from "react";
 import { apiClient, configureAuthClient } from "@/shared/api";
 import type { paths } from "@/shared/api/generated/schema";
 
@@ -41,40 +48,52 @@ export function AuthProvider({ children }: { children: React.ReactNode }) {
 	const [ready, setReady] = useState(false);
 
 	const refreshPromise = useRef<Promise<boolean> | null>(null);
+	const applyAuthentication = useCallback((authentication: Authentication) => {
+		setUser(authentication.user);
+		setAccessToken(authentication.accessToken);
+		accessTokenRef.current = authentication.accessToken;
+	}, []);
+	const clearSession = useCallback(() => {
+		setUser(null);
+		setAccessToken(null);
+		accessTokenRef.current = null;
+		queryClient.clear();
+	}, [queryClient]);
 
-	async function refresh(): Promise<boolean> {
+	const refresh = useCallback(async (): Promise<boolean> => {
 		if (refreshPromise.current) return refreshPromise.current;
 		refreshPromise.current = (async () => {
 			const run = async () => {
-				const { data } = await apiClient.POST("/api/v1/auth/refresh");
-				if (!data) return false;
-				const authentication = data as Authentication;
-				setUser(authentication.user);
-				setAccessToken(authentication.accessToken);
-				accessTokenRef.current = authentication.accessToken;
-				return true;
+				try {
+					const { data } = await apiClient.POST("/api/v1/auth/refresh");
+					if (!data) {
+						clearSession();
+						return false;
+					}
+					applyAuthentication(data as Authentication);
+					return true;
+				} catch {
+					clearSession();
+					return false;
+				}
 			};
-			return "locks" in navigator
-				? navigator.locks.request("wealth-ledger-refresh", run)
-				: run();
+			try {
+				return "locks" in navigator
+					? navigator.locks.request("wealth-ledger-refresh", run)
+					: run();
+			} catch {
+				clearSession();
+				return false;
+			}
 		})().finally(() => {
 			refreshPromise.current = null;
 		});
 		return refreshPromise.current;
-	}
+	}, [applyAuthentication, clearSession]);
 
 	useEffect(() => {
-		void apiClient
-			.POST("/api/v1/auth/refresh")
-			.then(({ data }) => {
-				if (!data) return;
-				const authentication = data as Authentication;
-				setUser(authentication.user);
-				setAccessToken(authentication.accessToken);
-				accessTokenRef.current = authentication.accessToken;
-			})
-			.finally(() => setReady(true));
-	}, []);
+		void refresh().finally(() => setReady(true));
+	}, [refresh]);
 
 	async function authenticate(
 		path: "/api/v1/auth/login" | "/api/v1/auth/register",
@@ -82,19 +101,14 @@ export function AuthProvider({ children }: { children: React.ReactNode }) {
 		password: string,
 	) {
 		const authentication = await request(path, email, password);
-		setUser(authentication.user);
-		setAccessToken(authentication.accessToken);
-		accessTokenRef.current = authentication.accessToken;
+		applyAuthentication(authentication);
 	}
 
 	async function logout() {
 		try {
 			await apiClient.POST("/api/v1/auth/logout");
 		} finally {
-			setUser(null);
-			setAccessToken(null);
-			accessTokenRef.current = null;
-			queryClient.clear();
+			clearSession();
 		}
 	}
 
@@ -102,12 +116,7 @@ export function AuthProvider({ children }: { children: React.ReactNode }) {
 		configureAuthClient({
 			accessToken: () => accessTokenRef.current,
 			refresh,
-			clear: () => {
-				setUser(null);
-				setAccessToken(null);
-				accessTokenRef.current = null;
-				queryClient.clear();
-			},
+			clear: clearSession,
 		});
 		return () => configureAuthClient(null);
 	});
diff --git a/src/pages/account/ui/AccountPage.test.tsx b/src/pages/account/ui/AccountPage.test.tsx
index 8c445d4..751c125 100644
--- a/src/pages/account/ui/AccountPage.test.tsx
+++ b/src/pages/account/ui/AccountPage.test.tsx
@@ -2,17 +2,22 @@ import { MantineProvider } from "@mantine/core";
 import { QueryClient, QueryClientProvider } from "@tanstack/react-query";
 import { cleanup, render, screen, waitFor } from "@testing-library/react";
 import { HttpResponse, http } from "msw";
-import { MemoryRouter } from "react-router";
+import { MemoryRouter, Route, Routes } from "react-router";
 import { afterEach, describe, expect, it, vi } from "vitest";
 import type { Portfolio } from "@/entities/portfolio";
 import { server } from "@/test/server";
 import {
+	AccountPage,
 	AccountPageEmpty,
 	AccountPageError,
 	AccountPageLoaded,
 	AccountPageLoading,
 } from "./AccountPage";
 
+vi.mock("@/features/auth", () => ({
+	useAuth: () => ({ accessToken: "test-token" }),
+}));
+
 function renderPage(ui: React.ReactNode) {
 	return render(
 		<QueryClientProvider client={new QueryClient()}>
@@ -23,6 +28,20 @@ function renderPage(ui: React.ReactNode) {
 	);
 }
 
+function renderAccountRoute(queryClient: QueryClient) {
+	return render(
+		<QueryClientProvider client={queryClient}>
+			<MantineProvider>
+				<MemoryRouter initialEntries={["/accounts/account-1"]}>
+					<Routes>
+						<Route path="/accounts/:accountId" element={<AccountPage />} />
+					</Routes>
+				</MemoryRouter>
+			</MantineProvider>
+		</QueryClientProvider>,
+	);
+}
+
 const portfolio: Portfolio = {
 	lastSuccessfulAt: "2026-08-13T10:00:00Z",
 	isStale: true,
@@ -169,4 +188,68 @@ describe("AccountPage states", () => {
 		);
 		expect(screen.getByText("Вторая")).toBeInTheDocument();
 	});
+
+	it("keeps the cached portfolio visible with distinct server and refresh warnings", async () => {
+		let requestCount = 0;
+		server.use(
+			http.get("*/api/v1/brokerage-accounts/:accountId/portfolio", () => {
+				requestCount += 1;
+				if (requestCount === 1) return HttpResponse.json(portfolio);
+				return HttpResponse.json(
+					{ code: "TBANK_UNAVAILABLE" },
+					{ status: 503 },
+				);
+			}),
+		);
+		const queryClient = new QueryClient();
+		renderAccountRoute(queryClient);
+
+		await screen.findByText("Вторая");
+		void queryClient.invalidateQueries({
+			queryKey: ["get", "/api/v1/brokerage-accounts/{accountId}/portfolio"],
+		});
+
+		expect(
+			await screen.findByText(
+				"Не удалось обновить портфель. Показан последний полученный снимок.",
+			),
+		).toBeInTheDocument();
+		expect(
+			screen.getByText(
+				"T-Bank временно недоступен. Показан последний успешный снимок.",
+			),
+		).toBeInTheDocument();
+		expect(screen.getByText("Вторая")).toBeInTheDocument();
+		screen.getByRole("button", { name: "Повторить" }).click();
+		await waitFor(() => expect(requestCount).toBe(3));
+	});
+
+	it("keeps the cached portfolio visible during a background refresh", async () => {
+		let requestCount = 0;
+		let resolveRefresh: ((response: Response) => void) | undefined;
+		server.use(
+			http.get("*/api/v1/brokerage-accounts/:accountId/portfolio", () => {
+				requestCount += 1;
+				if (requestCount === 1) return HttpResponse.json(portfolio);
+				return new Promise<Response>((resolve) => {
+					resolveRefresh = resolve;
+				});
+			}),
+		);
+		const queryClient = new QueryClient();
+		renderAccountRoute(queryClient);
+
+		await screen.findByText("Вторая");
+		void queryClient.invalidateQueries({
+			queryKey: ["get", "/api/v1/brokerage-accounts/{accountId}/portfolio"],
+		});
+
+		await waitFor(() => expect(requestCount).toBe(2));
+		expect(screen.getByText("Вторая")).toBeInTheDocument();
+		expect(
+			screen.getByRole("status", { name: "Обновляем портфель" }),
+		).toBeInTheDocument();
+
+		resolveRefresh?.(HttpResponse.json(portfolio));
+	});
 });
diff --git a/src/pages/account/ui/AccountPage.tsx b/src/pages/account/ui/AccountPage.tsx
index 4f36ea6..cb2abbc 100644
--- a/src/pages/account/ui/AccountPage.tsx
+++ b/src/pages/account/ui/AccountPage.tsx
@@ -16,6 +16,9 @@ export function AccountPage() {
 				account={viewModel.account}
 				accountId={viewModel.accountId}
 				accessToken={viewModel.accessToken}
+				refreshing={viewModel.refreshing}
+				refreshError={viewModel.refreshError}
+				retry={viewModel.retry}
 			/>
 		);
 	return (
@@ -24,6 +27,9 @@ export function AccountPage() {
 			accountId={viewModel.accountId}
 			accessToken={viewModel.accessToken}
 			portfolio={viewModel.portfolio}
+			refreshing={viewModel.refreshing}
+			refreshError={viewModel.refreshError}
+			retry={viewModel.retry}
 		/>
 	);
 }
diff --git a/src/pages/account/ui/AccountPage.view.tsx b/src/pages/account/ui/AccountPage.view.tsx
index 1fd0366..758280c 100644
--- a/src/pages/account/ui/AccountPage.view.tsx
+++ b/src/pages/account/ui/AccountPage.view.tsx
@@ -3,6 +3,7 @@ import {
 	Button,
 	Card,
 	Group,
+	Loader,
 	Paper,
 	SimpleGrid,
 	Stack,
@@ -93,15 +94,26 @@ export function AccountPageEmpty({
 	account,
 	accountId,
 	accessToken = null,
+	refreshing = false,
+	refreshError = false,
+	retry,
 }: {
 	account?: BrokerageAccount;
 	accountId?: string;
 	accessToken?: string | null;
+	refreshing?: boolean;
+	refreshError?: boolean;
+	retry?: () => void;
 }) {
 	const { t } = useTranslation();
 	return (
 		<Stack>
 			<AccountHeading account={account} />
+			<PortfolioRefreshState
+				refreshing={refreshing}
+				refreshError={refreshError}
+				retry={retry}
+			/>
 			<StateView
 				title={t("portfolio.emptyTitle")}
 				text={t("portfolio.emptyText")}
@@ -116,11 +128,17 @@ export function AccountPageLoaded({
 	accountId,
 	accessToken,
 	portfolio,
+	refreshing = false,
+	refreshError = false,
+	retry,
 }: {
 	account?: BrokerageAccount;
 	accountId?: string;
 	accessToken?: string | null;
 	portfolio: Portfolio;
+	refreshing?: boolean;
+	refreshError?: boolean;
+	retry?: () => void;
 }) {
 	const { t } = useTranslation();
 	const stocks = portfolio.positions.filter((p) => p.type === "STOCK");
@@ -140,6 +158,11 @@ export function AccountPageLoaded({
 	return (
 		<Stack className={classes.page} gap="lg">
 			<AccountHeading account={account} />
+			<PortfolioRefreshState
+				refreshing={refreshing}
+				refreshError={refreshError}
+				retry={retry}
+			/>
 			{portfolio.isStale ? (
 				<Alert color="blue">{t("portfolio.staleWarning")}</Alert>
 			) : null}
@@ -197,6 +220,40 @@ export function AccountPageLoaded({
 		</Stack>
 	);
 }
+function PortfolioRefreshState({
+	refreshing,
+	refreshError,
+	retry,
+}: {
+	refreshing: boolean;
+	refreshError: boolean;
+	retry?: () => void;
+}) {
+	const { t } = useTranslation();
+	if (!refreshing && !refreshError) return null;
+	return (
+		<>
+			{refreshing ? (
+				<Group gap="xs" role="status" aria-label={t("portfolio.refreshing")}>
+					<Loader size="sm" />
+					<Text c="dimmed" size="sm">
+						{t("portfolio.refreshing")}
+					</Text>
+				</Group>
+			) : null}
+			{refreshError ? (
+				<Alert color="orange">
+					<Stack gap="sm">
+						<Text>{t("portfolio.refreshError")}</Text>
+						<Button onClick={retry} variant="light">
+							{t("accounts.retry")}
+						</Button>
+					</Stack>
+				</Alert>
+			) : null}
+		</>
+	);
+}
 function RecentOperations({
 	accountId,
 	accessToken,
diff --git a/src/pages/account/ui/AccountPage.vm.ts b/src/pages/account/ui/AccountPage.vm.ts
index 7930afe..88703fd 100644
--- a/src/pages/account/ui/AccountPage.vm.ts
+++ b/src/pages/account/ui/AccountPage.vm.ts
@@ -14,21 +14,34 @@ export function useAccountPageViewModel() {
 	const account = useQueryClient()
 		.getQueryData<BrokerageAccount[]>(brokerageAccountsQueryKey)
 		?.find((item) => item.id === accountId);
-	if (portfolio.isError)
-		return {
-			state: "error" as const,
-			code: portfolioErrorCode(portfolio.error),
-			retry: () => portfolio.refetch(),
-		};
-	if (portfolio.isFetching || !portfolio.data)
+	if (!portfolio.data) {
+		if (portfolio.isError)
+			return {
+				state: "error" as const,
+				code: portfolioErrorCode(portfolio.error),
+				retry: () => portfolio.refetch(),
+			};
 		return { state: "loading" as const };
+	}
+	const refresh = {
+		refreshing: portfolio.isFetching,
+		refreshError: portfolio.isError,
+		retry: () => portfolio.refetch(),
+	};
 	if (!portfolio.data.positions.length && !portfolio.data.cashBalances.length)
-		return { state: "empty" as const, account, accountId, accessToken };
+		return {
+			state: "empty" as const,
+			account,
+			accountId,
+			accessToken,
+			...refresh,
+		};
 	return {
 		state: "loaded" as const,
 		account,
 		accountId,
 		accessToken,
 		portfolio: portfolio.data,
+		...refresh,
 	};
 }
diff --git a/src/pages/accounts/ui/AccountsPage.test.tsx b/src/pages/accounts/ui/AccountsPage.test.tsx
new file mode 100644
index 0000000..40644f3
--- /dev/null
+++ b/src/pages/accounts/ui/AccountsPage.test.tsx
@@ -0,0 +1,125 @@
+import { MantineProvider } from "@mantine/core";
+import { QueryClient, QueryClientProvider } from "@tanstack/react-query";
+import { cleanup, render, screen, waitFor } from "@testing-library/react";
+import { HttpResponse, http } from "msw";
+import { MemoryRouter } from "react-router";
+import { afterEach, describe, expect, it, vi } from "vitest";
+import { brokerageAccountsQueryKey } from "@/entities/brokerage-account";
+import { server } from "@/test/server";
+import { AccountsPage } from "./AccountsPage";
+
+vi.mock("@/features/auth", () => ({
+	useAuth: () => ({ accessToken: "test-token" }),
+}));
+
+const account = {
+	id: "account-1",
+	name: "Основной",
+	type: "BROKERAGE",
+	openedOn: "2026-01-01",
+} as const;
+
+function renderPage(queryClient: QueryClient) {
+	return render(
+		<QueryClientProvider client={queryClient}>
+			<MantineProvider>
+				<MemoryRouter>
+					<AccountsPage />
+				</MemoryRouter>
+			</MantineProvider>
+		</QueryClientProvider>,
+	);
+}
+
+describe("AccountsPage", () => {
+	afterEach(cleanup);
+
+	it("keeps the cached account list visible during a background refresh", async () => {
+		let requestCount = 0;
+		let resolveRefresh: ((response: Response) => void) | undefined;
+		server.use(
+			http.get("*/api/v1/brokerage-accounts", () => {
+				requestCount += 1;
+				if (requestCount === 1) return HttpResponse.json([account]);
+				return new Promise<Response>((resolve) => {
+					resolveRefresh = resolve;
+				});
+			}),
+		);
+		const queryClient = new QueryClient();
+		renderPage(queryClient);
+
+		await screen.findByText(account.name);
+		void queryClient.invalidateQueries({
+			queryKey: brokerageAccountsQueryKey,
+		});
+
+		await waitFor(() => expect(requestCount).toBe(2));
+		expect(screen.getByText(account.name)).toBeInTheDocument();
+		expect(
+			screen.getByRole("status", { name: "Обновляем данные" }),
+		).toBeInTheDocument();
+
+		resolveRefresh?.(HttpResponse.json([account]));
+	});
+
+	it("keeps the cached account list and offers retry after a refresh error", async () => {
+		let requestCount = 0;
+		server.use(
+			http.get("*/api/v1/brokerage-accounts", () => {
+				requestCount += 1;
+				if (requestCount === 1) return HttpResponse.json([account]);
+				if (requestCount === 2)
+					return HttpResponse.json(
+						{ code: "TBANK_UNAVAILABLE" },
+						{ status: 503 },
+					);
+				return HttpResponse.json([account]);
+			}),
+		);
+		const queryClient = new QueryClient();
+		renderPage(queryClient);
+
+		await screen.findByText(account.name);
+		void queryClient.invalidateQueries({
+			queryKey: brokerageAccountsQueryKey,
+		});
+
+		const warning = await screen.findByText(
+			"Не удалось обновить данные. Показаны последние полученные.",
+		);
+		expect(warning).toBeInTheDocument();
+		expect(screen.getByText(account.name)).toBeInTheDocument();
+
+		screen.getByRole("button", { name: "Повторить" }).click();
+		await waitFor(() => expect(requestCount).toBe(3));
+	});
+
+	it("keeps a cached empty account list visible after a refresh error", async () => {
+		let requestCount = 0;
+		server.use(
+			http.get("*/api/v1/brokerage-accounts", () => {
+				requestCount += 1;
+				if (requestCount === 1) return HttpResponse.json([]);
+				return HttpResponse.json(
+					{ code: "TBANK_UNAVAILABLE" },
+					{ status: 503 },
+				);
+			}),
+		);
+		const queryClient = new QueryClient();
+		renderPage(queryClient);
+
+		await screen.findByText("Нет инвестиционных счетов");
+		void queryClient.invalidateQueries({
+			queryKey: brokerageAccountsQueryKey,
+		});
+
+		expect(
+			await screen.findByText(
+				"Не удалось обновить данные. Показаны последние полученные.",
+			),
+		).toBeInTheDocument();
+		expect(screen.getByText("Нет инвестиционных счетов")).toBeInTheDocument();
+	});
+});
diff --git a/src/pages/accounts/ui/AccountsPage.tsx b/src/pages/accounts/ui/AccountsPage.tsx
index 2ca3de0..965a608 100644
--- a/src/pages/accounts/ui/AccountsPage.tsx
+++ b/src/pages/accounts/ui/AccountsPage.tsx
@@ -10,8 +10,22 @@ export function AccountsPage() {
 	const viewModel = useAccountsPageViewModel();
 	if (viewModel.state === "loading") return <AccountsPageLoading />;
 	if (viewModel.state === "error") return <AccountsPageError {...viewModel} />;
-	if (viewModel.state === "empty") return <AccountsPageEmpty />;
-	return <AccountsPageLoaded accounts={viewModel.accounts} />;
+	if (viewModel.state === "empty")
+		return (
+			<AccountsPageEmpty
+				refreshing={viewModel.refreshing}
+				refreshError={viewModel.refreshError}
+				retry={viewModel.retry}
+			/>
+		);
+	return (
+		<AccountsPageLoaded
+			accounts={viewModel.accounts}
+			refreshing={viewModel.refreshing}
+			refreshError={viewModel.refreshError}
+			retry={viewModel.retry}
+		/>
+	);
 }
 
 export {
diff --git a/src/pages/accounts/ui/AccountsPage.view.tsx b/src/pages/accounts/ui/AccountsPage.view.tsx
index fdefe56..2927320 100644
--- a/src/pages/accounts/ui/AccountsPage.view.tsx
+++ b/src/pages/accounts/ui/AccountsPage.view.tsx
@@ -1,4 +1,12 @@
-import { Button, Stack, Title } from "@mantine/core";
+import {
+	Alert,
+	Button,
+	Group,
+	Loader,
+	Stack,
+	Text,
+	Title,
+} from "@mantine/core";
 import { useTranslation } from "react-i18next";
 import { Link } from "react-router";
 import type { BrokerageAccount } from "@/entities/brokerage-account";
@@ -71,26 +79,87 @@ export function AccountsPageError({
 	);
 }
 
-export function AccountsPageEmpty() {
+export function AccountsPageEmpty({
+	refreshing = false,
+	refreshError = false,
+	retry,
+}: {
+	refreshing?: boolean;
+	refreshError?: boolean;
+	retry?: () => void;
+}) {
 	const { t } = useTranslation();
 	return (
-		<StateView
-			title={t("accounts.emptyTitle")}
-			text={t("accounts.emptyText")}
-		/>
+		<Stack>
+			<AccountsRefreshState
+				refreshing={refreshing}
+				refreshError={refreshError}
+				retry={retry}
+			/>
+			<StateView
+				title={t("accounts.emptyTitle")}
+				text={t("accounts.emptyText")}
+			/>
+		</Stack>
 	);
 }
 
 export function AccountsPageLoaded({
 	accounts,
+	refreshing = false,
+	refreshError = false,
+	retry,
 }: {
 	accounts: BrokerageAccount[];
+	refreshing?: boolean;
+	refreshError?: boolean;
+	retry?: () => void;
 }) {
 	const { t } = useTranslation();
 	return (
 		<Stack>
 			<Title order={1}>{t("accounts.title")}</Title>
+			<AccountsRefreshState
+				refreshing={refreshing}
+				refreshError={refreshError}
+				retry={retry}
+			/>
 			<BrokerageAccountList accounts={accounts} />
 		</Stack>
 	);
 }
+
+function AccountsRefreshState({
+	refreshing,
+	refreshError,
+	retry,
+}: {
+	refreshing: boolean;
+	refreshError: boolean;
+	retry?: () => void;
+}) {
+	const { t } = useTranslation();
+	if (!refreshing && !refreshError) return null;
+	return (
+		<>
+			{refreshing ? (
+				<Group gap="xs" role="status" aria-label={t("accounts.refreshing")}>
+					<Loader size="sm" />
+					<Text c="dimmed" size="sm">
+						{t("accounts.refreshing")}
+					</Text>
+				</Group>
+			) : null}
+			{refreshError ? (
+				<Alert color="orange">
+					<Stack gap="sm">
+						<Text>{t("accounts.refreshError")}</Text>
+						<Button onClick={retry} variant="light">
+							{t("accounts.retry")}
+						</Button>
+					</Stack>
+				</Alert>
+			) : null}
+		</>
+	);
+}
diff --git a/src/pages/accounts/ui/AccountsPage.vm.ts b/src/pages/accounts/ui/AccountsPage.vm.ts
index 86c5357..d1ac50c 100644
--- a/src/pages/accounts/ui/AccountsPage.vm.ts
+++ b/src/pages/accounts/ui/AccountsPage.vm.ts
@@ -4,13 +4,27 @@ import { useAuth } from "@/features/auth";
 export function useAccountsPageViewModel() {
 	const { accessToken } = useAuth();
 	const accounts = useBrokerageAccounts(accessToken);
-	if (accounts.isFetching) return { state: "loading" as const };
-	if (accounts.isError)
+	if (!accounts.data) {
+		if (accounts.isFetching) return { state: "loading" as const };
+		if (accounts.isError)
+			return {
+				state: "error" as const,
+				code: errorCode(accounts.error),
+				retry: () => accounts.refetch(),
+			};
+	}
+	if (!accounts.data?.length)
 		return {
-			state: "error" as const,
-			code: errorCode(accounts.error),
+			state: "empty" as const,
+			refreshing: accounts.isFetching,
+			refreshError: accounts.isError,
 			retry: () => accounts.refetch(),
 		};
-	if (!accounts.data?.length) return { state: "empty" as const };
-	return { state: "loaded" as const, accounts: accounts.data };
+	return {
+		state: "loaded" as const,
+		accounts: accounts.data,
+		refreshing: accounts.isFetching,
+		refreshError: accounts.isError,
+		retry: () => accounts.refetch(),
+	};
 }
diff --git a/src/shared/i18n/locales/ru.ts b/src/shared/i18n/locales/ru.ts
index 3a03113..358ffeb 100644
--- a/src/shared/i18n/locales/ru.ts
+++ b/src/shared/i18n/locales/ru.ts
@@ -41,6 +41,9 @@ export const ru = {
 			unavailableTitle: "T-Bank временно недоступен",
 			unavailableText:
 				"Попробуйте загрузить счета еще раз или проверьте подключение.",
+			refreshing: "Обновляем данные",
+			refreshError:
+				"Не удалось обновить данные. Показаны последние полученные.",
 			retry: "Повторить",
 			types: {
 				BROKERAGE: "Брокерский счет",
@@ -61,6 +64,9 @@ export const ru = {
 			back: "К счетам",
 			staleWarning:
 				"T-Bank временно недоступен. Показан последний успешный снимок.",
+			refreshing: "Обновляем портфель",
+			refreshError:
+				"Не удалось обновить портфель. Показан последний полученный снимок.",
 			updatedAt: "Данные получены {{date}}",
 			positions: "Позиции",
 			stocks: "Акции",