Results of monitoring in December 2023 of maximum interest rates on deposits1 in Russian rubles of ten credit organizations2 attracting the largest amount of deposits of individuals:
I decade of December — 14.00%.
Data on the dynamics of the monitoring results are available on the official website of the Bank of Russia.
Data on average maximum interest rates on deposits by maturity are provided for reference3.
See the data on average maximum interest rates on deposits by maturity
1 When determining the maximum interest rate for each credit organization:
— maximum rates on deposits available to any customer (including potential customers) without restrictions and preconditions are taken into account. Deposits for selected categories of clients (pensioners, children) and purposes (for social and humanitarian purposes and etc.) are not considered;
— rates with capitalization of interest on the deposit are not
— do not take into account the rates valid under certain conditions (regular turnover on bank card, constant minimum balance on bank card, etc.);
— do not consider combined deposit products, i.e. deposits with additional conditions. Such additional conditions for accrual of the increased interest rate may include, for example, purchase of investment units for a certain amount, opening of an investment account, registration of an investment or accumulative life insurance program, connection of an additional package of services, etc.
— accumulative life insurance program, connection of an additional package of services, etc
— do not consider deposits whose term is divided into periods with different rates.
The average maximum interest rate indicator is calculated as an arithmetic average of the maximum interest rates of 10 credit institutions
2 PJSC Sberbank (1481) — www.sberbank.ru, Bank VTB (PJSC) (1000) — www.vtb.ru, Bank GPB (JSC) (354) — www.gazprombank.ru, JSC «Alfa-Bank» (1326) — alfabank.ru, JSC «Rosselkhozbank» (3349) — www.rshb.ru, PJSC Bank «FC Otkritie» (2209) — www.open.ru, PJSC «Moscow Credit Bank» (1978) — mkb.ru, «Tinkoff Bank» (2673) — www.tinkoff.ru, PJSC «Promsvyazbank» (3251) — psbank.ru, PJSC «Sovcombank» (963) — sovcombank.ru. The monitoring was carried out by the Banking Regulation and Analytics Department of the Bank of Russia using information provided on the above websites. The published indicator is indicative
3 Average maximum interest rates on deposits: for term up to 90 days — 10.33%; for term from 91 to 180 days — 13.61%; for term from 181 days to 1 year — 13.69%; for terms over 1 year — 12.75%.