The Central Bank of Russia released the December 2024 results of its monitoring of maximum interest rates on deposits in Russian rubles offered by the 10 credit institutions attracting the largest volume of household deposits. The average maximum rate across the monitored banks was 22.08% in the first ten days of December, 22.28% in the second ten days, and 21.69% in the third ten days. For reference, the average maximum rates by maturity were 19.83% for up to 90 days, 20.95% for 91 to 180 days, 21.34% for 181 days to one year, and 20.01% for over one year. The monitoring uses publicly available rates on banks’ websites and focuses on maximum rates available to any client without conditions, excluding special-category deposits, compound rates, conditional or bundled products, and deposits with maturities split into periods with varying rates; the published values are indicative. The monitored institutions were Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank, Rosbank, Credit Bank of Moscow, TBank, Promsvyazbank, and Sovcombank.
Central Bank of Russia 2025-01-14
Central Bank of Russia publishes December 2024 monitoring results for maximum ruble deposit rates at top 10 banks
The Central Bank of Russia reported December 2024 monitoring results of maximum interest rates on ruble deposits from the 10 largest credit institutions by household deposits. The average maximum rates were 22.08% in early December, 22.28% mid-month, and 21.69% at month's end. Rates varied by maturity, with the highest at 21.34% for 181 days to one year.