The Bank of Russia has released the results of its December 2024 monitoring of maximum interest rates on deposits in Russian rubles. The focus was on the top 10 credit institutions attracting the largest amount of household deposits.
During the first ten days of December, the maximum interest rate recorded was 22.08%. Further details on changes in these monitoring results can be accessed via the Bank of Russia’s website.
For reference, data on average maximum interest rates by deposit maturity are provided. These rates are calculated as an arithmetic mean across the top ten credit institutions. The average maximum interest rates were reported as follows: up to 90 days at 20.63%, from 91 to 180 days at 21.23%, from 181 days to one year at 21.56%, and for over one year at 20.14%.
The monitoring methodology excludes certain types of deposits, such as those available only under specific conditions or with additional requirements like purchasing investment units or opening investment accounts.
The credit institutions included in this monitoring are Sberbank, VTB Bank (PJSC), Bank GPB (JSC), AO ALFA-BANK, JSC Rosselkhozbank, PJSC ROSBANK, CREDIT BANK OF MOSCOW, TBank, Promsvyazbank PJSC, and PJSC Sovcombank. This exercise was conducted by the Department of Banking Regulation and Analytics using information provided by these banks’ websites.
