The Central Bank set the base rate of return on deposits in rubles as 8,266% in February 11:12

The Central Bank set the base rate of return on ruble deposits in February 2023. It will exceed 8% – 8,266% annually. This is 0.338 percentage points higher than the corresponding figure in January of this year. Subsequently, the base rate of return on deposits became 7,928% annually. About informs TASS agency with reference to Central Bank data.

The base rate of return for the deposit is determined for different periods. The maximum level of profitability will apply to deposits for more than one year – 9.911% per annum. The minimum level is set for deposits for a period of 91 to 180 days – 7,726%. Deposits up to 90 days and 181 days up to one year are at the levels of 8.152% and 8.718%, respectively.

Under current law, the regulator definitions The base rate of return on deposits as the average value of the maximum return on deposits withdrawn in Russian banks. We are talking about banks that attracted two-thirds of the total volume of relevant deposits in financial institutions of the Russian Federation during the previous calendar month.

The Central Bank determines the base rate of return on deposits in order to identify the banks that are required to pay an additional rate or increased additional insurance premium to the compulsory deposit insurance fund.

Source: Gazeta


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