As of November 1, VTB is raising the interest rate on its savings account to 14.7% per year. This interest rate is available to new customers and to those who have had no balances in their savings accounts or time deposits in rubles for the past six months. While the key interest rate remains in the double-digit range, customers have the opportunity to lock in a positive interest rate. The interest rate increase comes against the background of a significant shift among depositors towards savings accounts, which have become the most popular savings product on the market.