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The bank has been raising rates since July 23, without waiting for the regulator’s next decision on the key rate. On average, the increase in savings ruble deposits will reach 0.5 percentage points. and 1 p.p. — on a savings account. This was reported by the press service of the credit institution. The maximum rate will exceed 19%.
“Current clients who place new funds or who transfer their salary or pension to VTB, as well as new depositors, will receive an increased rate compared to the base deposit rate. The final rate depends on the package of services used by the client, the terms of placement, the amount of the down payment and the choice of the option of interest capitalization or monthly payment,” the bank’s press service clarified.
“For a savings account in rubles, the welcome rate increases to 19% per annum and will be accrued on the daily balance without additional conditions for three calendar months from the date of the first replenishment. Pensioners and salary clients of the bank will receive an increase of 1 percentage point. surcharge: now +3 p.p. in addition to the base rate,” the credit institution added.
“The savings market has warmed up and continues to grow at a record pace. Bank rates on ruble deposits have already increased by 1.2 percentage points. since the beginning of the year, ensuring growth of the market of ruble liabilities in the first half of the year, according to our estimates, by 12%. At the next meeting of the Board of Directors, the Central Bank may increase the key rate for the first time in seven months, which will be the starting point of a new stage in the growth of rates on savings products. Over the past six months, clients have already received more than 400 billion rubles in income from deposits and savings accounts. Now we are the first of the major players to proactively raise rates on them,” said Georgy Gorshkov, Deputy President and Chairman of the Board of VTB.