The Central Bank of Russia published its July 2025 monitoring results for the maximum interest rates on Russian-ruble household deposits offered by the 10 credit institutions with the largest volumes of household deposits, showing a decline over the month. The average maximum rate across the top 10 banks was 17.91% in the first 10 days of July and 17.22% in the second 10 days. The monitoring covers headline maximum rates available to any client without limitations or preliminary conditions, excluding special-category deposits (eg for pensioners or children), compound interest, rates conditional on meeting requirements (eg card turnover or minimum balances), combined products with additional conditions (eg investment or insurance-linked add-ons), and deposits with step-up or otherwise varying rates across periods. For reference, the Central Bank of Russia also reported average maximum rates by maturity: 16.61% (up to 90 days), 16.94% (91 to 180 days), 16.25% (181 days to one year) and 14.69% (over one year).
Central Bank of Russia 2025-07-28
Central Bank of Russia reports July 2025 monitoring results showing a decline in top-10 banks’ maximum ruble deposit rates
The Central Bank of Russia's July 2025 monitoring results show a decline in maximum interest rates on Russian-ruble household deposits among the top 10 credit institutions, with rates dropping from 17.91% to 17.22% over the month. The report excludes special-category deposits and conditional rates, providing average maximum rates by maturity: 16.61% (up to 90 days), 16.94% (91 to 180 days), 16.25% (181 days to one year), and 14.69% (over one year).