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The maximum deposit rate has slightly increased (November 3, 2022)

According to the results of the third decade of October, the average maximum rate of the top 10 Russian banks on ruble deposits of individuals was 6.84%. Compared to the second decade, it increased by 0.05%, and over the month – by 0.3% (from 6.54%), follows from the data published on the website of the Central Bank.


“The results of monitoring in October 2022 of the maximum interest rates on deposits in Russian rubles of ten credit institutions that attract the largest volume of deposits from individuals: the first decade of October – 6.67%; II decade of October – 6.79%; III decade of October – 6.84%,” the Central Bank reported.


For reference, the regulator also cited the current average maximum interest rates on deposits by terms of raising funds: for deposits up to 90 days, it was 5.75%; from 91 to 180 days – 6.44%; from 181 days to 1 year – 6.52%; for a period of more than 1 year – 7.22%.


The banks whose data the Central Bank uses to monitor rates include Sberbank, VTB, Tinkoff Bank, Raiffeisenbank, Gazprombank, Credit Bank of Moscow, Alfa Bank, Promsvyazbank, Rosselkhozbank, and FC Otkritie Bank. The Central Bank does not take into account rates with interest capitalization, deposits with additional conditions, as well as deposits, the term of which is divided into periods with different rates.

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