Photo - © Mediastok.ru. Since the end of June, Russia's largest… (вклад · банк · ставка)
Photo - © Mediastok.ru. Since the end of June, Russia's largest banks have begun raising rates on short-term deposits and welcome bonuses.
Consensus
- Major Russian banks began increasing interest rates on short-term deposits and introductory offers in late June.
- The rate increases are aimed at attracting new customers.
- The changes were influenced by the Central Bank of Russia's decision to reduce its key rate by 0.25 percentage points.
- The focus of the rate hikes is on deposits with terms up to three months, particularly for new clients or funds not previously held in the bank for a year.
Points of divergence
- Bank 'Dom.RF' increased yields by 0.7 percentage points on certain deposits. — riamo
- Alfa-Bank introduced a new deposit with a 20% annual interest rate for clients opening it in bank branches. — riamo
Coverage (2 sources)
- Major Banks Raise Rates on Short-Term Deposits — РИАМО
- Major banks raise rates on short-term deposits — Коммерсантъ