RSHB reduced the base rate on the savings account

From October 22, Rosselkhozbank will change the conditions for the My Account savings account, follows from the updated tariffs on the website of the credit institution, which were read by RBC Investments.

Thus, the base rate on the account will decrease by 0.5 p.p., to 5.5% per annum. At the same time, the Welcome Rate campaign continues to operate, according to which the welcome rate for new customers will not change and will be 14% per annum for accounts opened from August 4.

The welcome rate is valid for the first three months for customers who have not had savings accounts with the bank in the last 90 days and applies to the amount of funds placed up to е1.5 million. If you open an account on the last calendar day of any month, the promoperiod will be two months.

In addition, the account continues to operate the campaign "Benefitful spending", under which the current customer can receive an increase to the base rate for card spending. The allowances shall be:

for turnover from .10 thousand to .30 thousand – 5.5 p.p.; for turnover from .30 thousand to .90 thousand – 6.5 p.p.; for turnover from .90 thousand and more – 7 p.p.

Allowances amount to с1.5 million.

Average deposit rates

RBC Investments calculated the average maximum rate on deposits in the top 10 largest banks. On October 20, depending on the date, it is:

for three months - 13.46% (unchanged for the week, from october 13); for six months - 13.33% (+0.04 p.p.); for one year - 12.63% (+0.01 p.p.).

When calculating the average maximum rate, deposits in the amount of е100,000 were taken into account without additional conditions, except for new money or new customers. All rates are indicated in an effective amount (for deposits with capitalization, the maximum yield is given when this condition is met), without the possibility of withdrawal and replenishment of the account.

As of October 20, according to the daily FRG100 index, in the 81 largest banks, the average deposit rate for the amount of ам100 thousand, depending on the term, is:

for one month - 12.32% (+0.04 p.p. per week); for three months - 13.03% (-0.01 p.p.); for six months - 12.82% (unchanged); for a year - 11.87% (+0.10 p.p.).

Rates are indicated excluding allowances and financial platforms.

The most favorable deposit rates for October 20

According to the monitoring of RBC Investments, as of October 20, according to the proposed yield, depending on the term, the leaders are:

for three months - Bank Dom.RF with a rate of 14.5%; for six months - PSB with a rate of 14.15%; for one year - PSB with a rate of 13.9%.

Deposits in the amount of ы100,000 were counted without additional conditions, except for new money or new customers. All rates are indicated in an effective amount (for deposits with capitalization, the maximum yield is given when this condition is met), without the possibility of withdrawal and replenishment of the account.

Which banks have changed deposit rates

According to the monitoring of RBC Investments, among the top 10 banks this week, from October 19, changed rates or conditions for savings products:

GPB increased rates on short deposits; RSHB changed the conditions for the My Account savings account.

The conditions for deposits and savings accounts specified in the material are not a public offer, they are placed solely for preliminary acquaintance. Before making a decision on the placement of funds in a banking organization, it is necessary to specify in it the full conditions on the date of opening the deposit.