The Central Bank of Russia published its January 2025 monitoring results for the maximum interest rates on Russian ruble deposits offered by the ten credit institutions with the largest volumes of household deposits, showing an average maximum rate of 21.72% for the first ten days of January. For reference, the average maximum rates by maturity were 19.83% for up to 90 days, 20.97% for 91–180 days, 21.39% for 181 days to one year, and 19.79% for over one year. The indicator is calculated as the arithmetic mean of each bank’s maximum deposit rate available to any client without restrictions; it excludes special-category deposits, compound rates, rates contingent on conditions (such as card turnover or minimum balances), combined products tied to investments or insurance, and deposits with step-up/variable rates, and is based on information published on the banks’ websites (including Sberbank, VTB, Gazprombank, Alfa-Bank, Rosselkhozbank and others).
Central Bank of Russia 2025-01-16
Central Bank of Russia reports 21.72% average maximum ruble deposit rate for top ten retail deposit banks in early January
The Central Bank of Russia reported an average maximum interest rate of 21.72% on Russian ruble deposits for the top ten credit institutions in early January 2025. Rates varied by maturity, with 19.83% for up to 90 days and 21.39% for 181 days to one year. The calculation excludes special-category deposits and is based on publicly available bank data.