23 August 2011, Tuesday, 10:05

The amount of deposit rates remains stable

author: Alfia Sharafutdinova

The maximal deposit rate in Russia remains stable. For already the second month it stays on the level of 7,88% of interest per annum. This is the result of the monitoring among ten Russian banks, attracting the highest volumes of deposits, in the second decade of August, the press-service of the Central Bank of Russia reports.

The summary information, announced by the regulator every ten days, is a good guideline for Russian citizens, when they try to choose the best bank to keep their money in.

“The amount of the deposit rates is very important criterion in estimation of the bank’s reliability” – the deputy general director of the state corporation “The Deposit Insurance Agency” Andre Melnikov mentioned – “This is the only indicator, which gives an ordinary man the impression about the level of risk in this or that bank”.

themes: banks, deposits