The Central Bank of Russia released its February 2025 monitoring of maximum interest rates on Russian ruble deposits at the 10 credit institutions attracting the largest volume of household deposits, showing a steady decline across the month. The average maximum rate was 21.44% for the first 10 days of February, 21.06% for the second 10 days, and 20.85% for the third 10 days. For reference, the Bank of Russia reported average maximum deposit rates by maturity of 19.11% (up to 90 days), 20.12% (91–180 days), 20.41% (181 days to one year), and 18.72% (over one year). The sample comprises Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, Post Bank, Credit Bank of Moscow, TBank, Promsvyazbank, and Sovcombank, with results calculated as the arithmetic mean of each bank’s maximum rate on broadly available deposits, excluding special-category deposits, compound rates, rates contingent on additional conditions, combined products, and deposits with step-up/step-down rates across periods.
Central Bank of Russia 2025-03-03
Central Bank of Russia publishes February monitoring showing top banks’ maximum ruble deposit rates fell from 21.44% to 20.85%
The Central Bank of Russia's February 2025 monitoring showed a decline in maximum interest rates on ruble deposits at the top 10 credit institutions, decreasing from 21.44% to 20.85%. Average maximum deposit rates were 19.11% for up to 90 days, 20.12% for 91–180 days, 20.41% for 181 days to one year, and 18.72% for over one year. The sample included major banks like Sberbank and VTB Bank, excluding special-category and variable-rate deposits.