The interest rate - an indicator in percentage terms, which indicates the amount of the loan that the borrower will pay for the use of money or get a depositor on a bank deposit.
Types of interest rates
There are several types of interest rates. Depending on the length, you can select the annual interest rate, monthly, quarterly. Most often it refers to the rate for the year, or annual percentage. Other indicators are rarely used, often in order to conceal the real annual interest rate on the loan.
Depending on the properties of interestchange over time distinguish fixed and floating rates. Fixed rate prescribed in the contract, it is stable and does not change under the influence of any external factors. It can not revise any of the parties.
Unlike its counterpart, the floating ratemay be reviewed periodically on the basis of the oscillation is any indication. For example, some banks have increased rates on deposits in the account when you reach a certain amount. Another example - metal deposits. In this case, the money is invested in precious metals, and the yield on the deposit depends on changes in prices for them on world markets.
Depending on the interest payments on timeloan and distinguish dekursivnuyu antisipativnuyu rate. The latter is paid at the time of issuance of the loan, ie, is advanced by the borrower, in practice, almost does not occur.
There are also nominal and real interest rates. The real interest rate as opposed to the nominal does not include inflation.
From the perspective of participants in the banking market distinguished discount rate (the refinancing rate), interest rates (credit and deposit rates), as well as interbank interest rate.
The refinancing rate - the most important economicindex, which reflects the percentage by which the Central Bank lends to banks. With the help of its Central Bank regulate the money supply, inflation, balance of payments, the exchange rate in the country.
Bank interest - the most common inRussian form of loan interest. Credit interest is generated based on the base rate, the risk premium and non-return debt payment for credit rating.
Deposit rates are always lower loan by several percentage points. The difference is called "interest margin", it forms the bank profits between them.
Interbank interest rate on the functioning of the interbank lending market. They are quite volatile and dependent on market conditions.
Interest rates in Russia
CBR refinancing rate in Russia is8.25%. It was from her independent banks interest rates on loans and deposits. Banks tend to attract deposits at a rate below the rate of refinancing and loans - under the percentage of exceeding it.
During 2013, the average rate on depositssteadily declined. According to estimates of the Central Bank of the Russian Federation, in December 2013 it amounted to 6.2% per annum (up to a year, excluding the rate of demand), down almost 1% at the beginning of the year.
The average annual interest rate on loans is much higher. At the end of 2013 it amounted to 23.5%.