The Bank of Russia announced on May 5 the results of its April 2026 monitoring of maximum interest rates on ruble deposits at the country’s ten largest credit institutions.
The data show that in the first ten days of April, the average maximum rate was 13.43 percent. This figure slightly decreased to 13.39 percent in the second ten days and then to 13.06 percent in the third period of the month. The Bank noted that these figures are based on deposits available to any client without restrictions or preliminary conditions, excluding special products such as those for pensioners or children, compound interest accounts, and combined deposit products with additional requirements.
According to published reference data, average maximum interest rates by maturity were: up to 90 days at 12.64 percent; from 91 to 180 days at 12.77 percent; from 181 days up to one year at 12.50 percent; and over one year at 11.42 percent.
The monitoring covered Sberbank, VTB Bank (Public Joint Stock Company), Gazprombank (Joint Stock Company), Alfa-Bank (Joint Stock Company), Rosselkhozbank (Joint Stock Company), Bank DOM.RF (Joint Stock Company), Credit Bank of Moscow, TBank, Promsvyazbank PJSC, and Sovcombank PJSC. The Department of Banking Regulation and Analytics conducted this analysis using information provided by these banks’ official websites.
According to the official website, the Bank of Russia serves as the sole issuer and manager of Russian ruble cash circulation, which reached a total volume of about 18.6 trillion rubles through its currency management activities. The central bank operates independently under federal property status with a leadership team consisting of a governor and deputy governors overseeing specialized departments. According to its official website, it also aims to promote financial stability and price stability while supporting competition within Russia’s financial market.
The institution publishes various official documents including annual reports and financial analyses for public access, according to its website.
