Average Maximal Interest Rate on Ruble Deposits in Top Russian Banks Declines
Quick Look
The average maximal interest rate on ruble deposits with ten major Russian banks fell to 12.86% per annum in the second ten-day period of June 2026, down from 12.97% in late May and early June, according to the Central Bank of Russia.
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Why It Matters
The Central Bank of Russia monitors deposit interest rates of ten major Russian banks to track market trends. The current decline follows a period of slightly higher rates.
MOSCOW, June 23. /TASS/. The average maximal interest rate on ruble deposits with the ten Russian credit institutions having the maximal amount of private deposits declined to 12.86% per annum during the second ten-day period of June 2026, the Central Bank of Russia said.
The rate was at the level of 12.97% per annum in late May and early June accordingly.
Deposit interest rates are monitored by the regulator in Sberbank, VTB, Gazprombank, Alfa-Bank, Bank Dom.RF, PSB, the Credit Bank of Moscow, T-Bank, the Russian Agricultural Bank, and Sovcombank.
Maximal rates on deposits accessible for any client are taken into account when determining the maximal interest rate by each credit institution. The Central Bank does not address rates with the capitalization of interest on the deposit and deposits with additional terms: purchase of investment units to a certain amount, investment account opening, investment or life insurance program purchase, and the like. Deposits with their term broken down into periods with different rates are also not considered.
Open Questions
- What is the reason for the rate decline?
- Will rates continue to fall?
