Fixed Deposit Calculator — Russia
Calculate your fixed-deposit maturity value and interest in RUB at current rates. No signup, no account needed.
Fixed deposit rates in Russia (2026)
Russia's average bank deposit interest rate was 13.05% p.a. as of 1 July 2026 (Eulerpool), down from a peak well above 20% during 2024-25 as the Bank of Russia has cut its key rate from 21% to the current 14% (held 11 September 2026) over ten consecutive reductions.
At around 13.05%, the fixed-deposit rate in Russia is very high in nominal terms - but rates this large usually track higher local inflation, so your real, after-inflation return can be far smaller than the headline suggests.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every 100 000 ₽ deposited at 13.05% for 5 years (quarterly compounding):
- Maturity value: 190 043 ₽
- Interest earned: 90 043 ₽
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Russia
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A real-data rate check: fixed deposits in Russia (2026)
Russia's average bank deposit interest rate was 13.05% p.a. as of 1 July 2026 (Eulerpool), continuing a steady decline from the elevated levels of 2024-25. The Bank of Russia's key rate -- the main driver of deposit pricing -- has fallen from a peak of 21% through ten consecutive cuts to 14%, held at its 11 September 2026 decision after the central bank paused its cutting cycle. Deposit rates at Russia's largest banks have historically tracked a few points below or around the key rate, so a 13.05% average deposit rate against a 14% key rate is consistent with that pattern.
A worked example: depositing ₽500,000 at 13.05% p.a. compounded quarterly over 5 years works out to a maturity value of approximately ₽950,217, or roughly ₽450,217 in interest -- though Russian deposit rates have moved sharply in recent years (from single digits to over 20% and back), so a rate locked in today may look very different from rates available when a term renews.
Frequently Asked Questions
How is FD maturity calculated in Russia?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Russia?
As a 2026 reference, fixed-deposit rates are around 13.05% per year, varying by bank and tenure. Russia's average bank deposit interest rate was 13.05% p.a. as of 1 July 2026 (Eulerpool), down from a peak well above 20% during 2024-25 as the Bank of Russia has cut its key rate from 21% to the current 14% (held 11 September 2026) over ten consecutive reductions.
Is FD interest taxable in Russia?
Russia taxes interest income on rouble deposits above a threshold linked to the Bank of Russia's key rate (interest on deposits up to 1,000,000 rubles times the key rate is generally exempt; amounts above that are taxed at personal income tax rates). Given how often the key rate has moved recently, confirm the current threshold and rate with the Federal Tax Service (FNS) before relying on a net figure.
Is a fixed deposit safe in Russia?
Fixed deposits carry no market risk. Russian bank deposits are protected by the Deposit Insurance Agency (DIA / АСВ), which covers individual deposits up to ₽1,400,000 per depositor per bank under ordinary circumstances. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Russia?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What is a realistic fixed deposit rate in Russia?
As a reference, Russia's average bank deposit rate was 13.05% p.a. as of 1 July 2026 (Eulerpool), tracking the Bank of Russia's key rate of 14% (held 11 September 2026) after ten consecutive rate cuts from a 21% peak.
Why have Russian deposit rates moved so much recently?
The Bank of Russia raised its key rate sharply to as high as 21% to combat inflation and rouble volatility, then cut it ten times in a row through 2025-26 as conditions stabilised, currently holding at 14%. Bank deposit rates have moved with it, so a rate quoted today can look very different within just a year or two.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Russia average bank deposit interest rate, Eulerpool, checked 21 September 2026: Russia Deposit Interest Rate. Bank of Russia key rate decision, 11 September 2026: Bank of Russia Key Rate. See our methodology and editorial policy for how we source and update this data.