Gain income: Russians transferred three times more taxes on interest on deposits
The tax on interest on deposits will bring 305 billion rubles to the budget this year, almost three times more than in 2024, the Finance Ministry told Izvestia. Citizens had to pay the fee by December 1 from income on deposits exceeding 210 thousand last year. The increase in revenue is associated with an increase in the key interest rate, followed by an increase in accrued interest, as well as a sharp influx of funds into deposits. Next year, when the fee for 2025 has to be paid, the authorities expect an almost twofold increase in revenue to 568 billion. Who will be a tax payer in 2026 — in the Izvestia article.
How much did Russians pay taxes on income on deposits
In the first nine months of 2025, Russians transferred almost 36 billion rubles in taxes on interest on deposits. A year earlier, when citizens first paid this fee, receipts were almost three times lower — about 13 billion, by the end of 2024 they had grown to 111 billion. Such data is contained in the latest statistics of the Federal Tax Service, which was studied by Izvestia. The editors sent a request to the service.
The main payments traditionally fall in November and the beginning of winter, taking into account the payment deadline of December 1, the Finance Ministry reminded Izvestia. If you do not transfer the money before this date, penalties will be charged. By the end of 2025, the agency expects tax receipts of about 305 billion. The Ministry raised its initial forecast by 20% from 252 billion.
The agency explained that the increase in collection receipts is primarily due to a change in the key rate and an increase in deposits.
The tax on interest on deposits is calculated as follows: 1 million rubles is multiplied by the maximum amount on the first day of each month of the reporting year. In 2024, for which Russians have now paid the fee, the maximum rate was 21%. Therefore, you need to pay from the amount of interest, which exceeded 210 thousand, explained Igor Dodonov, an analyst at Finam Financial Group. For comparison, by the end of 2023, the threshold was lower - 150 thousand (the maximum key was 15%).
— Due to the growth of the key, the interest incomes of citizens also increased. In addition, against the background of high interest rates, huge funds flowed into deposits: people postponed spending and transferred money from the securities market to deposits," said Donat Podniek, partner of Kept, a group of personnel management and taxation services for individuals.
The increase in revenue is also due to the fact that in 2024, for which the tax is currently being paid, Russians kept significantly more money on deposits than in 2023. The volume of household funds in banks for ten months of 2023 amounted to 42 trillion, and for the same period in 2024 - almost 53 trillion. The increase is 28%, said Natalia Milchakova, a leading analyst at Freedom Finance Global.
At the same time, the circle of tax payers remains small: about 95% of clients keep no more than 1 million in one account, the financial adviser and founder of Rodin emphasized.Capital Alexey Rodin. According to the Deposit Insurance Agency, the average amount of individuals on deposit was 422 thousand as of July 2025.
Who will have to pay interest tax on deposits in 2026
This year, the maximum key rate is also 21% per annum. The final meeting of the Central Bank will be held on December 19, but its decision will no longer affect the calculation of income tax on deposits, since the rate is currently at 16.5%. Therefore, the threshold amount will remain the same — 210 thousand, said Igor Dodonov from Finam.
At the same time, the Ministry of Finance expects that in 2026 budget revenues from the tax on income received in 2025 will almost double to 568 billion, the agency told the editorial board. The ministry has more than doubled its forecast for next year, from 262 billion rubles.
Taking into account current trends — the continued relatively high deposit rates, the steady interest of the population in savings and the growth of funds on deposits — income from the tax on interest on deposits may actually increase in 2026, said Ilya Vasilkov, head of the Deposits product at Compare.
In 2024, the key rate rose to 21% only at the end of October, whereas in 2025 it remained at this level for about six months. Therefore, Russians were more active in placing funds on deposits, where the benefit could reach a maximum of 24%, Alexey Rodin noted. An additional factor was the growth of household incomes due to higher salaries and pension indexation.
According to the Central Bank, in October 2025, the amount of funds of Russians in banks reached 64 trillion, which is 20% higher than a year ago. In November, the average deposit rate was 15.5% per annum.
According to the regulator's forecast, in 2026 the average key rate will be in the range of 13-15%. If the maximum value is 15%, the tax will need to be paid on interest exceeding the threshold of 150 thousand. If the rate remains at the current level of 16.5%, income over 165,000 will be subject to the levy.
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