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Interest Rate on Bank Deposits (Local Currency) in Russia

Source: OECD, Central Bank of the Russian Federation, World Bank
Last Updated: July 24, 2023

Interest rate on bank deposits reached 3.79% in 2021 in Russia, according to the National Central Bank. This is 0.509% more than in the previous year.

Historically, interest rate on bank deposits in Russia reached an all time high of 102% in 1995 and an all time low of 3.77% in 2020.

Russia has been ranked 35th within the group of 96 countries we follow in terms of interest rate on bank deposits.

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