The Central Bank of Russia published the March 2025 results of its monitoring of maximum interest rates on Russian ruble household deposits at the 10 largest deposit-taking credit institutions, showing a decline across the month’s first two ten-day periods. The average maximum rate was 20.74% for the first 10 days of March and 20.38% for the second 10 days. For reference, the Bank of Russia also reported average maximum rates by maturity: 19.22% (up to 90 days), 19.66% (91–180 days), 19.64% (181 days to one year), and 17.90% (over one year). The measure excludes rates subject to conditions (such as card turnover requirements), compound interest, special-category or purpose-specific deposits, combined products with additional conditions, and deposits with tiered rates across maturity periods.
Central Bank of Russia 2025-03-27
Central Bank of Russia reports a decline in top banks’ maximum household deposit rates in March 2025
The Central Bank of Russia reported a decline in maximum interest rates on Russian ruble household deposits at the 10 largest credit institutions for March 2025. The average maximum rate decreased from 20.74% in the first 10 days to 20.38% in the second 10 days. Rates by maturity were also provided, excluding those with specific conditions or tiered structures.