The average deposit rate in the top 10 banks rose sharply to 13.31%

The average maximum rate on deposits in the top 10 banks in the first decade of November rose sharply - by 0.22 percentage points - and amounted to 13.31% per annum, according to the Bank of Russia.

The general trend for the growth of the average deposit rate has continued since the first decade of July: since then it has increased by 0.55 p.p.

Historically, the highest level of the average maximum deposit rate, 22.28% per annum, was recorded in the second decade of December 2024.

In the first decade of November, a significant increase in yield was recorded on deposits for a period of three to six months - immediately by 0.25 p.p. The yield on deposits for a period of more than one year (by 0.18 percentage points) also increased significantly.

The average maximum interest rates on deposits in the top 10 banks depending on the term in the first decade of November were:

for a period of up to three months - 12.58% per annum (unchanged to the third decade of october); from three to six months - 13.16% per annum (+0.25 p.p.); from six months to one year - 12.83% per annum (+0.03 p.p.); over one year - 11.96% per annum (+0.18 p.p.).

When calculating the average maximum rate, fixed-term bank deposits available to any client without preconditions are taken into account.

The average rate was determined as the maximum arithmetic average of rates in the top 10 credit institutions - Sberbank, VTB, Gazprombank, Alfa-Bank, Rosselkhozbank, Dom.RF Bank, Moscow Credit Bank, T-Bank, PSB and Sovcombank.

Average deposit rates

RBC Investments calculated the average maximum rate on deposits in the top 10 largest banks. On November 11, depending on the date, it is:

for three months - 13.49% per annum (unchanged for the week); for six months - 13.41% (+0.05 p.p.); for one year - 12.70% (+0.06 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 November 11, 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 - 12.20% (-0.05 p.p. per week); for three months - 13.03% (+0.01 p.p.); for six months - 12.77% (-0.01 p.p.); for a year - 11.87% (-0.03 p.p.).

Rates are indicated excluding allowances and financial platforms.