Russian bank deposit interest rates reach over 20% in early March

Elvira Nabiullina Governor of the Central Bank of Russia - Official website
Elvira Nabiullina Governor of the Central Bank of Russia - Official website
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The Bank of Russia has released the results of its March 2025 monitoring of maximum interest rates on deposits in Russian rubles. The analysis focused on the top 10 credit institutions that attract the largest volume of household deposits.

For the first ten days of March, the maximum interest rate was recorded at 20.74%. Detailed information about changes in these monitoring results can be accessed on the Bank of Russia’s website.

The average maximum interest rates for deposits vary by maturity period: up to 90 days at 19.22%, from 91 to 180 days at 19.85%, from 181 days to one year at 20.18%, and over one year at 18.20%.

The methodology for determining these rates excludes certain deposit types and conditions, such as those requiring specific client categories or additional investment products.

Participating institutions 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. The Department of Banking Regulation and Analytics conducted this monitoring using data from these banks’ websites.

This published value is indicative according to the Bank of Russia’s press release.



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