The yield on bank deposits in the Russian Federation has increased to 19%

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The yield on bank deposits in the Russian Federation has increased to 19%
August 23rd. /MEDIA TALK/. On Friday, August 23, it became known that this month the yield on bank deposits in the Russian Federation increased to 19% per annum. This was reported by Izvestia with reference to data from the <url> website. Deposit

rates have increased following the key rate, which has been 18% since the end of July. At the same time, high profitability is offered mainly for short products — with the possibility of storage for three to six months.

Thus, short—term deposits at 18% are available in Sberbank and Rosbank, and up to 19.5% in Alfa. At the same time, Sovcombank published data on new conditions for products for three, six and 12 months (18.1%), in case of opening a deposit for three years, the organization already offers 20%.


Photo: ru.freepik.com

Analysts interviewed by the publication noted that credit institutions are reviewing strategies taking into account the prospect of further tightening of the Central Bank's monetary policy.

Recall that today it was reported that the Web.The Russian Federation expects a reduction in the key rate to 14-16% by the end of 2025. The organization believes that there will be no easing of the Central Bank's monetary policy in 2024.
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