The Central Bank of Russia published the March 2025 results of its monitoring of maximum interest rates on Russian ruble deposits at the 10 credit institutions attracting the largest volumes of household deposits. The average maximum rate fell over the month from 20.74% in the first 10 days of March to 20.38% in the second 10 days and 20.28% in the third 10 days. For reference, the Central Bank of Russia also reported average maximum deposit rates by maturity: up to 90 days at 19.12%, 91 to 180 days at 19.59%, 181 days to one year at 19.54%, and over one year at 17.68%. The monitoring covers maximum rates available to any client without limitations or preliminary conditions and excludes deposits for special client categories or purposes, compound interest rates, rates contingent on conditions such as bank card turnover, combined products tied to additional purchases or services, and deposits with maturities split into periods with varying rates; results are based on information from the banks’ websites and are described as indicative.
Central Bank of Russia 2025-04-02
Central Bank of Russia monitoring shows top 10 banks’ maximum ruble deposit rates eased to 20.28% in late March 2025
The Central Bank of Russia released March 2025 data on maximum interest rates for Russian ruble deposits at the top 10 credit institutions by deposit volume, noting a decline from 20.74% to 20.28% over the month. Average maximum rates by maturity were 19.12% for up to 90 days, 19.59% for 91 to 180 days, 19.54% for 181 days to one year, and 17.68% for over one year. The monitoring excludes special client categories and conditional rates, with results based on indicative data from bank websites.