The elusive yield: where to open the rouble Deposit in may

In the period from April 10 to may 10, rates on ruble deposits in the largest banks fell again. Where to get the best deal and whether to open the Deposit?

In April rates on ruble deposits decreased four of the 15 largest banks by volume of attracted funds. Two credit institutions, on the contrary, increased the yield on deposits for three months and reduced Deposit for a longer period. As a result, according to the may 10, decreased the average rate for all terms which are taken into account in the monitoring of RBC.

The yield on one-year deposits on average declined by 0.15 percentage points to 7.29% APR. The average rate on three-month ruble deposits fell by 0.03 percentage points and was below 7% per annum — now the contribution for three months would bring about of 6.97% per annum. The average rate on three-year ruble deposits fell to 5.79% per annum is 0.1 PP less than in April.

The main reason for the fall in the yield of deposits remains the monetary policy of Bank of Russia — at the last meeting, on 28 April, the regulator cut the key rate by 0.5 percentage points, to 9.25%, said the Director of Department of development of retail business of RosEvroBank Anton Suvorkin. In the future rates on ruble deposits will continue to decline, reflecting the reduction of the key rate. Considering that in the next few months, the Bank of Russia may cut its key interest rate by 0.25–0.5 percentage points, the average yield on ruble deposits will be reduced by the appropriate value, predicts the expert.

Leaders yield

The highest rates on ruble deposits for a period of year still offer ICD and Sovcombank, where you can open deposits at 8.5 and 8.2% per annum respectively. Sovcombank offers a fairly high yield on three-month deposits: 8.4% p. The second place yield of ruble deposits share Rosselkhozbank and the Bank — both players provide an opportunity to place funds for three months at 7.6% per annum.

Deposits for a longer period (three years) in the amount of 50 thousand rubles with fixed rates there are only seven of the 15 banks included in the sample of RBC. Most favorable terms on three-year deposits offers Sovcombank, where you can access a Deposit at 7.6% per annum. Slightly less yield available in the Bank — where the investor has the opportunity to place funds for three years under 7,3% the annual.