The September 2024 results of the monitoring of maximum interest rates on deposits in Russian rubles for the top ten credit institutions attracting the largest amount of household deposits are as follows:
The first ten days of September recorded a rate of 17.63%, while the second ten days showed a slight increase to 17.99%.
Data on changes in monitoring results are available on the Bank of Russia website. Additionally, data on average maximum interest rates on deposits by maturity are provided for reference.
The maximum interest rate at a credit institution is measured based on several criteria:
- Maximum interest rates on deposits available to any client without limitations and preliminary conditions are considered. Deposits for special client categories and purposes are excluded.
- Compound interest rates on deposits are not included.
- Interest rates effective under certain conditions (e.g., regular bank card turnover) are not taken into account.
- Combined deposit products with additional conditions for higher interest accruals are not considered.
- Deposits with varying interest rates over different periods are out of scope.
The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top ten credit institutions.
The monitored institutions include Sberbank, VTB Bank, Bank GPB, AO ALFA-BANK, JSC Rosselkhozbank, PJSC ROSBANK, CREDIT BANK OF MOSCOW, TBank, Promsvyazbank PJSC, and PJSC Sovcombank. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using information from these institutions' websites. The published values are indicative.
Average maximum interest rates on deposits were also noted: up to 90 days at 16.23%, from 91 to 180 days at 17.06%, from 181 days to one year at 17.50%, and over one year at 17.27%.
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