Deposit interest rate (%) in Russia
Russia: Deposit interest rate (%) was 14.6% in 2024. ◆ Volatile
Deposit interest rate in Russia, 1997–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Russia is 14.6%, measured in 2024.
Compared with earlier readings it is up 93.2% on the previous year and up 142.0% over ten years.
Over the whole period, deposit interest rate in Russia peaked at 17.1% in 1998 and was at its lowest, 3.8%, in 2020.
Russia ranks 8th of 153 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Russia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 16.8% | — |
| 1998 | 17.1% | +1.7% |
| 1999 | 13.7% | -19.7% |
| 2000 | 6.5% | -52.4% |
| 2001 | 4.8% | -25.5% |
| 2002 | 5.0% | +2.1% |
| 2003 | 4.5% | -9.6% |
| 2004 | 3.8% | -15.3% |
| 2005 | 4.0% | +5.3% |
| 2006 | 4.1% | +2.1% |
| 2007 | 5.1% | +26.2% |
| 2008 | 5.8% | +12.0% |
| 2009 | 8.6% | +49.1% |
| 2010 | 6.0% | -30.0% |
| 2011 | 4.4% | -26.1% |
| 2012 | 5.5% | +24.6% |
| 2013 | 5.6% | +1.1% |
| 2014 | 6.0% | +8.0% |
| 2015 | 9.2% | +52.2% |
| 2016 | 7.0% | -24.2% |
| 2017 | 5.9% | -15.9% |
| 2018 | 5.4% | -8.5% |
| 2019 | 5.4% | +0.7% |
| 2020 | 3.8% | -30.3% |
| 2021 | 3.8% | +0.5% |
| 2022 | 7.6% | +100.7% |
| 2023 | 7.6% | -0.4% |
| 2024 | 14.6% | +93.2% |
Russia compared with similar countries
- Russia's 14.6% is above the median for high income countries, which is 1.6%, 9.4× the median. (39 countries reporting)
- Russia's 14.6% is above the median for Europe & Central Asia, which is 3.2%, 4.6× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.8% | 13.7% | 17.1% | 3 |
| 2000s | 5.2% | 3.8% | 8.6% | 10 |
| 2010s | 6.0% | 4.4% | 9.2% | 10 |
| 2020s | 7.5% | 3.8% | 14.6% | 5 |
Countries ranked near Russia
More financial sector data for Russia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Russia?
- Deposit interest rate in Russia was 14.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Russia?
- The highest recorded value was 17.1% in 1998.
- What is the lowest deposit interest rate recorded in Russia?
- The lowest recorded value was 3.8% in 2020.
- How does Russia rank for deposit interest rate?
- Russia ranks 8th out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Russia?
- Over the last ten years it is up 142.0%. The long-run trend across the full record is volatile.
- Where does this Russia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.