The Central Bank of Russia published its February 2025 monitoring results for the maximum interest rates on Russian ruble deposits offered by the 10 credit institutions with the largest volumes of household deposits, showing a decline over the month. The average maximum rate was 21.44% for the first ten days of February and 21.06% for the second ten days. The monitored group comprises Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, Post Bank, Credit Bank of Moscow, TBank, Promsvyazbank and Sovcombank, with rates taken from the banks’ websites and the published figure described as indicative. “Maximum” rates include only deposits available to any client without limitations or preliminary conditions, excluding special-category deposits, compound interest, rates conditional on meeting requirements (such as card turnover or minimum balances), combined products with additional conditions (such as investment purchases or insurance), and deposits with maturities split into periods with varying rates. For reference, the Central Bank of Russia also reported average maximum rates by maturity: up to 90 days 19.32%, 91 to 180 days 20.28%, 181 days to one year 20.67%, and over one year 18.89%.
Central Bank of Russia 2025-02-21
Central Bank of Russia publishes February monitoring showing top 10 banks’ maximum ruble deposit rates averaged 21.44% then 21.06%
The Central Bank of Russia's February 2025 monitoring results show a decline in maximum interest rates on Russian ruble deposits from the 10 largest credit institutions, with an average rate of 21.44% in early February dropping to 21.06% later in the month. The rates, sourced from banks' websites, exclude special-category deposits and those with conditions. Average maximum rates by maturity were also reported, ranging from 18.89% to 20.67%.