OREANDA-NEWS The average maximum interest rate on ruble deposits in the ten largest banks in the country, which attract the largest volume of deposits, reached the mark of 15 percent, according to the Bank of Russia.

In the third week of April, this indicator increased to 14.92 percent per annum, and before that, from February to April of this year it was in the range of 14.78 to 14.85 percent. Specifically, in the first half of the month, the average maximum rate was 14.83 percent.

When determining this rate for each credit institution, maximum deposit rates available to any client are taken into account. However, the Central Bank does not consider interest rates with capitalization on deposits or deposits with additional conditions.Earlier, the head of the Central Bank, Elvira Nabiullina, called for increasing the attractiveness of long-term deposits so that citizens would actively choose them. She agreed with the proposal to exempt such investments from taxes and warned that it was important to monitor for any distortions in incentives for long-term deposits compared to the capital market.