The Bank of Russia has released the December 2024 results for monitoring maximum interest rates on deposits in Russian rubles. The analysis focused on the top 10 credit institutions attracting the largest amount of household deposits.
The reported figures for the maximum interest rates over three ten-day periods in December are as follows: 22.08% for the first ten days, 22.28% for the second, and 21.69% for the third.
This data is available on the Bank of Russia website and includes average maximum interest rates based on deposit maturity terms. Specifically, these averages are 19.83% for up to 90 days, 20.95% for 91 to 180 days, 21.34% for periods from 181 days to one year, and finally, a rate of 20.01% for durations exceeding one year.
The methodology behind determining these rates excludes certain conditions such as special client categories or combined deposit products with additional conditions like investment requirements or service packages.
Among the institutions included in this monitoring are Sberbank, VTB Bank (PJSC), Bank GPB (JSC), AO ALFA-BANK, JSC Rosselkhozbank, PJSC ROSBANK, CREDIT BANK OF MOSCOW, TBank, Promsvyazbank PJSC, and PJSC Sovcombank. The Department of Banking Regulation and Analytics conducted this study using information provided by these banks' websites.
Data presented in this report serve as indicative values and any use of this material must reference the Press Service.