The Bank of Russia has released the results of its monitoring of maximum interest rates on deposits in Russian rubles for May 2025. The data pertains to the top ten credit institutions attracting the largest amount of household deposits.
For the first ten days of May, the maximum interest rate was 19.60%. This rate slightly decreased to 19.52% during the second ten days and further dropped to 19.39% in the third ten days.
The Bank of Russia provides this data on its website and includes information about average maximum interest rates by deposit maturity for reference purposes.
According to their methodology, “maximum interest rates on deposits available to any client (including potential ones) without any limitations and preliminary conditions are taken into account.” However, special deposit categories such as those for pensioners or children are excluded, as well as compound interest rates and deposits with specific conditions or combined products.
The arithmetic mean of these maximum interest rates is used to calculate the average maximum interest rate among these institutions.
The institutions 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. The Department of Banking Regulation and Analytics conducted this monitoring using information from these banks’ websites. The published values are indicative.
For reference, average maximum interest rates on deposits vary by maturity: up to 90 days at 18.07%, from 91 to 180 days at 18.81%, from 181 days to one year at 18.66%, and over one year at 17.50%.
