The Bank of Russia has released the January 2025 monitoring results for maximum interest rates on Russian ruble deposits among the top ten credit institutions attracting the largest household deposits. The reported maximum interest rates for the first ten days of January were 21.72%, for the second ten days were 21.52%, and for the third ten days were 21.47%.
These findings are based on data from several major banks, including Sberbank, VTB Bank, Bank GPB, 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 at the Bank of Russia conducted this monitoring using information from these banks’ websites.
The average maximum interest rate is calculated as an arithmetic mean of these top institutions’ rates. This calculation excludes certain types of deposits: those available only to specific client categories like pensioners or children; compound interest rates; deposits with conditions such as regular bank card turnover or a permanent minimum balance; combined deposit products requiring additional conditions; and deposits with varying interest periods.
For reference, average maximum interest rates by maturity are provided: up to 90 days at 19.56%, from 91 to 180 days at 20.73%, from 181 days to one year at 21.25%, and over one year at 19.53%.
Data on changes in these monitoring results can be found on the Bank of Russia website.
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