21 November 2011, Monday, 15:36

The maximal deposit interest rate reached 9%

author: Alfia Sharafutdinova

Russian banks go on raising the deposit rates. According to the results of the monitoring among ten biggest Russian banks, attracting the highest volumes of personal deposits, in the second decade of November the maximal deposit interest rate reached 9%, the press-service of the Central Bank of Russia reports. In October this figure was equal to 8,14% and at the beginning of September – 8,05%. Since the beginning of this month the growth made up 0,7%.

The Association of Credit Organizations RB reports that gradual reduction of cash ratio is observed in the bank sector now and, besides, the banks try to attract the additional means in order to meet the growing demand in credits.

As the news agency “Bashinform” reported earlier, since the beginning of the year the personal deposits in the local banks increased by 10,6%. At present time the summarized volume of such deposits, taking the savings certificates into account, amounts to 147,5 billion rubles.

themes: banks, deposits