The Bank of Russia has released the January 2025 results of its monitoring of maximum interest rates on deposits in Russian rubles. This analysis focuses on the top ten credit institutions attracting the largest amount of household deposits.
During the first ten days of January, the maximum interest rate stood at 21.72%, while it slightly decreased to 21.52% in the second ten days. The Bank of Russia provides further details and updates on these figures through its website.
The calculation method for these rates involves considering only those deposits available to any client without limitations or preliminary conditions. Special categories such as pensioners or children, and specific purposes like social or humanitarian, are excluded from this measurement. Additionally, compound interest rates and deposits with varying conditions or combined products are not included in this scope.
The average maximum interest rate is determined by taking an arithmetic mean of these rates across the top ten credit institutions. These 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.
For reference purposes, average maximum interest rates by deposit maturity are also provided: up to 90 days at 19.68%, from 91 to 180 days at 20.78%, from 181 days to one year at 21.30%, and over one year at 19.58%.
The monitoring was conducted by the Department of Banking Regulation and Analytics using information sourced from the websites of these institutions.
Data on changes in monitoring results can be accessed on the Bank of Russia's website.
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