The number of deposits in the systemically important Bank of Crimea (RNKB) reached 15,000, almost tripling the increase in the key interest rate and the corresponding return on deposits. he is writing TASS, referring to the bank’s message.
“Since August 22, 2023, after the increase in interest rates on deposits in the RNCB, customers of the bank have made about 15,000 deposits, for a total of 13.1 billion rubles. For comparison, prior to the increase in rates, customers were depositing around 600 deposits per day. The average check of deposits to the bank these days amounted to 885 thousand rubles, ”the message states.
On August 15, the Central Bank of the Russian Federation raised the policy rate by 350 basis points to 12% annually.
Responses to a request from socialbites.ca show that interest rates on deposits have already increased in at least 11 Russian banks, which are now in the top 50 by assets. Terms VTB, Renaissance Bank, Gazprombank, Post Bank, Otkritie, Uralsib, St. Petersburg and Dom.RF banks, Absolut Bank, Alfa Bank and Sovcombank. You can open deposits on these at an annual rate of 11-12%. Asia-Pacific Bank also announced plans to increase deposit profitability. Rates on savings accounts have also increased – up to 11.2-12% per year. Natalya Tuchkova, head of the VTB Savings department, advised customers to be flexible in saving, for example, immediately open a savings account and fixed-term deposits. It will be possible to earn a high percentage on the deposit. The money, which is important for the customer to keep, can be deposited into a savings account and withdrawn in certain amounts without loss of interest. More details – in material “socialbites.ca”.
Sergey Dubinin, former head of the Central Bank declaration “socialbites.ca”, which does not expect an increase in the return on deposits this fall.