Currency and Ruble Depreciation Persists: Ongoing Rate Drops Observed
Michael Svetlov, a journalist, reports on changes in deposit interest rates at BNB Bank and Sber Bank, affecting accounts in Belarusian Ruble (BYN), Russian Ruble, and Yuan.
BNB Bank has made several adjustments to its deposit rates:
- The interest rate on its 13-month BYN deposit without notice has decreased from 14.9% to 14.1% per annum.
- The 6-month BYN deposit without notice now offers a rate of 9% per annum, down from 10%.
- The 24-month BYN deposit without notice interest rate has been lowered from 15.79% to 14.89% per annum.
- For deposits with notice, the 13-month BYN deposit rate has been reduced from 6.5% to 6.25% per annum, and the 24-month BYN deposit rate has decreased from 6.75% to 6.5% per annum.
In addition, BNB Bank has adjusted its "Save without notice in currency" deposit rates in Russian rubles:
- The 90-182 day term now offers up to 9% per annum, down by 1 percentage point (pp).
- The 183-369 day term has decreased by 1 pp to 10.25% per annum.
- The 370-550 day term has decreased by 1 pp to 11.75% per annum.
- The 551-734 day term has decreased by 1 pp to 11% per annum, and the 735-1000 day term remains at 11% per annum.
Sber Bank has also adjusted its deposit rates:
- The interest rate on its 366-549 day BYN deposit without notice has decreased from 14.5% to 11% per annum.
- The 850-1000 day BYN deposit without notice interest rate has been lowered from 16.14% to 13% per annum.
- For deposits with notice, the 183-1000 day term now offers a rate of 3.75% per annum, down by 1 pp.
It is important to note that these changes do not affect auto loans, mortgages, or other loan types. For the most accurate and up-to-date information on deposit rates for Belarusian ruble (BYN) at BNB Bank and Sber Bank, you may need to consult the official websites of these banks or contact them directly.
[1] Source: Converting Staked TRX to BYN [2] Source: Using Sberbank for crypto purchases [3] Source: Fixed interest rate bond at 5.7% [4] Source: Banking and crypto news [5] Source: More banking and crypto news
[1] The recent adjustments in deposit rates at BNB Bank indicate a shift in the banking-and-insurance industry's finance sector, particularly affecting business accounts in Belarusian Ruble (BYN).
[2] Meanwhile, Sber Bank's decision to decrease deposit rates for certain BYN terms suggests a trend witnessed across the finance and business sectors, including the banking-and-insurance industry.
