The Central Bank of Russia published its January 2025 monitoring results for maximum interest rates on Russian-ruble household deposits at the top 10 credit institutions by household deposit volumes. The average maximum rate across the group was 21.72% in the first ten days of January, 21.52% in the second ten days, and 21.47% in the third ten days. The monitoring covers only deposit rates available to any client without restrictions or preliminary conditions, and excludes special-category or purpose-specific deposits, compound interest, rates contingent on conditions (such as card turnover or minimum balances), combined products with additional requirements (including investment or insurance-linked features), and deposits with maturities split into periods with varying rates. The average maximum rate is calculated as the arithmetic mean across the 10 banks (Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, Post Bank, Credit Bank of Moscow, TBank, Promsvyazbank, and Sovcombank) using information from their websites; the published value is indicative. For reference, average maximum rates by maturity were 19.56% (up to 90 days), 20.73% (91–180 days), 21.25% (181 days to one year), and 19.53% (over one year).
Central Bank of Russia 2025-02-03
Central Bank of Russia reports January monitoring showing average maximum ruble deposit rates easing from 21.72% to 21.47%
The Central Bank of Russia released its January 2025 monitoring results for maximum interest rates on Russian-ruble household deposits at the top 10 credit institutions, showing a decline from 21.72% in early January to 21.47% by the month's end. The rates, calculated as an arithmetic mean, exclude special-category deposits and are based on publicly available data from banks like Sberbank and VTB Bank. Average maximum rates by maturity ranged from 19.53% for over one year to 21.25% for 181 days to one year.