The Bank of Russia has released the results of its April 2025 monitoring of maximum interest rates on deposits in Russian rubles. This monitoring focused on the top 10 credit institutions attracting the largest amount of household deposits.
For the first ten days of April, the maximum interest rate was recorded at 20.05%. In the second ten days, it slightly decreased to 20.04%, and by the third ten days, it further dropped to 19.79%.
Detailed data regarding changes in these monitoring results can be accessed on the Bank of Russia website. Additionally, information on average maximum interest rates by deposit maturity is available for reference.
According to the methodology, only unrestricted deposit rates available to any client are considered, excluding special client categories or conditions such as pensioners or children, and compound interest rates. Interest rates contingent upon specific conditions like regular bank card turnover or a permanent minimum balance are not included. Combined deposit products with additional conditions for higher accruals are also excluded from this scope.
The average maximum interest rate is calculated as an arithmetic mean across these top credit institutions: Sberbank, VTB Bank (PJSC), Bank GPB (JSC), AO ALFA-BANK, JSC Rosselkhozbank, JSC Post Bank, CREDIT BANK OF MOSCOW, TBank, Promsvyazbank PJSC, and PJSC Sovcombank. The Department of Banking Regulation and Analytics conducted this monitoring using information from these banks’ websites.
For context on deposit maturities: deposits up to 90 days have an average rate of 18.54%; those between 91 and 180 days have a rate of 19.10%; for periods from 181 days to one year, it’s 19.26%; and for over one year, it’s set at 17.87%.
This material requires attribution to the Press Service if used elsewhere.
