The Bank of Russia has released its February 2025 monitoring results for the maximum interest rates on deposits in Russian rubles. The data pertains to the top ten credit institutions attracting the largest volume of household deposits.
During the first ten days of February, the maximum interest rate stood at 21.44%, while it was recorded at 21.06% for the second ten days. These figures are accessible on the Bank of Russia’s website.
The method for determining a credit institution’s maximum interest rate involves several criteria: only those rates available to any client without restrictions or preliminary conditions are considered, excluding special categories like pensioners or children. Compound interest rates and those dependent on specific conditions, such as regular bank card turnover or maintaining a minimum balance, are not included. Additionally, combined deposit products with extra conditions for higher interest accrual are excluded from consideration.
The average maximum interest rate is calculated as an arithmetic mean across these top ten credit institutions.
The banks involved in this monitoring include 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. This analysis was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using information from these banks’ websites.
For reference purposes, average maximum interest rates on deposits by maturity have been reported as follows: up to 90 days at 19.32%, from 91 to 180 days at 20.28%, from 181 days to one year at 20.67%, and over one year at 18.89%.
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