The Bank of Russia has released the results for January 2025 regarding the monitoring of maximum interest rates on deposits in Russian rubles. This assessment focused on the top ten credit institutions attracting the largest amount of household deposits.
For the first ten days of January, the maximum interest rate recorded was 21.72%. The data reflects interest rates available to any client without limitations or preliminary conditions. Excluded from this scope are deposits with special conditions, compound interest rates, and combined deposit products that require additional services or commitments.
The average maximum interest rate is determined by calculating an arithmetic mean across these top ten institutions. Notable banks included in this monitoring are 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.
For reference, average maximum interest rates by maturity were reported as follows: up to 90 days at 19.83%, from 91 to 180 days at 20.97%, from 181 days to one year at 21.39%, and over one year at 19.79%.
The Department of Banking Regulation and Analytics conducted this monitoring using information provided by these institutions' websites. The published value is indicative and further details can be accessed on the Bank of Russia's website.