The Central Bank of Russia published the April results of its monitoring of maximum interest rates on Russian-ruble deposits at the 10 credit institutions with the largest volumes of household deposits. The average maximum rate edged down over the month, from 20.05% in the first 10 days of April to 20.04% in the second 10 days and 19.79% in the third 10 days. The monitored “maximum interest rate” covers deposit offers available to any client without limitations or preliminary conditions, and excludes deposits for special categories or purposes, compound interest, conditional rates (for example, linked to card turnover or minimum balances), combined products (including those tied to investment or insurance purchases), and deposits with maturities split into periods with varying rates. The average is calculated as the arithmetic mean of the top 10 banks’ maximum rates, based on information from their websites (Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, Post Bank, Credit Bank of Moscow, TBank, Promsvyazbank and Sovcombank). For reference, the average maximum rates by maturity were 18.54% (up to 90 days), 19.10% (91 to 180 days), 19.26% (181 days to one year), and 17.87% (over one year). The Central Bank of Russia noted that data on changes in monitoring results are available on its website.
Central Bank of Russia 2025-05-05
Central Bank of Russia publishes April monitoring results showing top 10 banks’ maximum ruble deposit rates easing to 19.79%
The Central Bank of Russia reported a decline in the average maximum interest rates on Russian-ruble deposits at the 10 largest credit institutions, from 20.05% in early April to 19.79% by the end of the month. The rates exclude special categories and are based on offers available to any client without conditions. Detailed data and changes in monitoring results are accessible on the Central Bank's website.