Results of monitoring in October 2023 of the maximum interest rates on deposits in Russian rubles of ten credit institutions attracting the largest volume of deposits of individuals:
I decade of October — 10,18%;
II decade of October — 11.44%;
III decade of October — 12.04%.
When determining the maximum interest rate for each credit institution:
the maximum rates on deposits available to any client (including potential) without restrictions and preconditions are taken into account. Deposits for selected categories of clients (pensioners, children) and purposes (for social and humanitarian purposes, etc.) are not considered;
the rates with capitalization of interest on the deposit are not taken into account;
the rates applicable under certain conditions (regular turnover on a bank card, permanent non-reduced balance on a bank card, etc.) are not taken into account.;
combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for the accrual of an increased interest rate may be, for example, the purchase of investment units for a certain amount, the opening of an investment account, the execution of an investment or cumulative life insurance program, the connection of an additional package of services, etc.;
deposits whose term is divided into periods with different rates are not considered.
The average maximum interest rate indicator is calculated as the arithmetic average of the maximum interest rates of 10 credit institutions.
Information about the dynamics of monitoring results is available on the official website of the Bank of Russia.
A source: https://cbr.ru/press/pr/?file=638349745303694964BANK_SECTOR.htm
