Central Bank of Russia reports July 2025 maximum ruble deposit rates at top 10 banks easing from 17.91% to 16.44%

The Central Bank of Russia published its July 2025 monitoring of maximum interest rates on Russian ruble deposits offered by the 10 banks with the largest volumes of household deposits. The average of the banks’ maximum rates fell across the month, from 17.91% in the first ten days of July to 17.22% in the second ten days and 16.44% in the third ten days. The monitoring covers only deposit rates available to any client without restrictions or preliminary conditions and excludes, among other items, special-category deposits, compounded rates, rates contingent on meeting conditions such as card turnover or minimum balances, combined products linked to investments or insurance, and deposits with maturities split into periods with varying rates. For reference, the average maximum rates by maturity were 15.75% for up to 90 days, 16.01% for 91 to 180 days, 15.39% for 181 days to one year, and 14.20% for over one year; the sample comprised Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, DOM.RF, Credit Bank of Moscow, TBank, Promsvyazbank and Sovcombank, based on information from their websites.