The Bank of Russia has released the February 2025 results of its monitoring of maximum interest rates on deposits in Russian rubles at the top 10 credit institutions attracting the largest amount of household deposits. According to the data, the maximum interest rates were 21.44% for the first ten days, 21.06% for the second ten days, and 20.85% for the third ten days of February.
These findings are available on the Bank of Russia's website, along with data on average maximum interest rates by deposit maturity for reference purposes.
The methodology used by the Bank involves measuring maximum interest rates available to any client without limitations or preliminary conditions, excluding special categories such as pensioners or children. Compound interest rates and those requiring certain conditions like regular bank card turnover are not considered. Combined deposit products with additional conditions are also excluded from this scope.
The average maximum interest rate is calculated as an arithmetic mean of these top institutions' maximum rates.
Among these institutions 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. The monitoring was conducted by the Department of Banking Regulation and Analytics using information from their respective websites.
For further details: average maximum interest rates for deposits up to 90 days stand at 19.11%, from 91 to 180 days at 20.12%, from 181 days to one year at 20.41%, and over one year at 18.72%.
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