The Central Bank of Russia published its January 2025 monitoring results for maximum interest rates on Russian ruble deposits at the 10 credit institutions attracting the largest volumes of household deposits. The average maximum deposit rate was 21.72% in the first ten days of January and 21.52% in the second ten days. For reference, the average maximum rates by maturity were 19.68% for up to 90 days, 20.78% for 91 to 180 days, 21.30% for 181 days to one year, and 19.58% for over one year. The monitoring covers generally available deposits without limitations or preliminary conditions and excludes, among other items, special-category deposits, compound rates, conditional rates linked to other products or behaviours, combined products with additional conditions, and deposits with step-up or varying rates; results are based on information taken from the monitored banks’ websites and are described as indicative.
Central Bank of Russia 2025-01-23
Central Bank of Russia monitoring shows top 10 banks’ maximum ruble deposit rates eased to 21.52% in mid-January
The Central Bank of Russia released its January 2025 monitoring results for maximum interest rates on Russian ruble deposits at the top 10 credit institutions by household deposit volume. The average maximum deposit rate was 21.72% in early January and 21.52% in mid-January. Rates varied by maturity, with 19.68% for up to 90 days and 21.30% for 181 days to one year.