The Bank of Russia announced on May 21 the results of its monitoring of maximum interest rates on ruble deposits at the ten largest credit institutions for May 2026. The data show that during both the first and second ten-day periods of May, the average maximum interest rate was 13.04%.
This information is important as it provides insight into current trends in deposit offerings by major Russian banks, helping consumers and financial analysts understand prevailing conditions in the retail banking sector. The published figures are based on indicative values collected from leading institutions’ websites.
According to details released by the Bank of Russia, only deposits available to any client without special limitations or preliminary conditions were included in this calculation. Deposits targeted at specific groups such as pensioners or children, compound interest products, combined products with additional requirements (such as purchasing investment units or opening insurance agreements), and those with varying rates over different periods were excluded from consideration.
The top ten banks included Sberbank, VTB Bank (Public Joint Stock Company), Gazprombank, Alfa-Bank, Rosselkhozbank, DOM.RF Bank, Credit Bank of Moscow, TBank, Promsvyazbank PJSC, and Sovcombank. Monitoring was conducted by the Department of Banking Regulation and Analytics using publicly available information from these banks’ official websites.
For reference purposes, average maximum interest rates by deposit maturity were also provided: up to 90 days – 12.60%; between 91 and 180 days – 12.74%; between 181 days and one year – 12.48%; over one year – 11.42%. Further data on changes in monitoring results can be accessed through the Bank’s website.
The Bank of Russia operates as a legally independent entity responsible for issuing national currency and managing cash circulation while promoting financial stability in Russia according to its official website.
