OREANDA-NEWS   Some banks lowered deposit rates before Friday's meeting of the Board of Directors of the Bank of Russia at a key rate, and a number more plan to do so in the near future, including after the regulator's decision, RIA Novosti found out after interviewing credit organizations and analyzing their materials.

Earlier in July, Sberbank reduced deposit rates by 1.5-2.5 percentage points, with a maximum of 18% now only for deposits for a period of four months. VTB also lowered rates on ruble deposits by 1.2 percentage points, with the maximum rate now at 17.3%.

Gazprombank has reduced the maximum deposit rate in rubles by 0.3 percentage points, and the maximum rate is now 17.3%, according to an analysis of data in the bank's mobile application.

MTS Bank plans to review rates on both deposits and savings accounts in the near future," the press service of the credit institution said.

They noted that the minimum rate for ruble deposits is 4% per annum on deposits with the possibility of replenishment and withdrawal upon placement for a period of 24 months. The maximum rate of up to 24% per annum is valid for a special deposit with cumulative life insurance. To receive such a rate, the client needs to purchase an investment product. The minimum rate has not changed in the last six months. The maximum changed following the movements of the market and the key rate of the Bank of Russia.

The PSB reported that currently the maximum deposit rate is 18.2% per annum for the My Income product when funds are placed for six months, and the minimum rate is 14% per annum for the My Opportunities deposit for periods from three months to a year. Since the beginning of the year, taking into account the prevailing deposit market conditions, the decrease in the maximum deposit rate in the PSB amounted to 4.3 percentage points, while the minimum rate, on the contrary, increased by 4.6 percentage points.