The Central Bank of Russia published the August 2025 results of its monitoring of maximum interest rates on Russian ruble household deposits across the top 10 credit institutions by household deposit volumes. The average maximum rate across these banks declined over the month, from 15.96% in the first 10 days of August to 15.85% in the second 10 days and 15.70% in the third 10 days. For reference, the Bank of Russia also reported average maximum deposit rates by maturity as 15.21% for up to 90 days, 14.93% for 91 to 180 days, 14.32% for 181 days to one year, and 12.66% for over one year. The maximum rate measure covers deposits available to any client without limitations or preliminary conditions and excludes, among other things, special-category deposits, compound rates, rates contingent on additional conditions, combined deposit products, and stepped-rate deposits; the average is calculated as the arithmetic mean of the top 10 banks’ maximum rates.
Central Bank of Russia 2025-09-04
Central Bank of Russia publishes August 2025 monitoring showing maximum ruble deposit rates for top 10 banks fell to 15.70% by late month
The Central Bank of Russia reported a decline in the average maximum interest rates on Russian ruble household deposits among the top 10 credit institutions, from 15.96% in early August 2025 to 15.70% by month's end. Rates by maturity were 15.21% for up to 90 days, 14.93% for 91 to 180 days, 14.32% for 181 days to one year, and 12.66% for over one year. The measure excludes special-category deposits and is calculated as the arithmetic mean of the top 10 banks' maximum rates.