Interest rates of bank deposits reach to 20% per annum. Commercial banks in pursuit of clients raise to the maximum interest rates. This measure was caused by the consequences of the crunch on world markets resulted in difficulties with resources. Inflation also had impact on interest rates growth. Experts reckon high interest rates of bank deposits show that most banks (mainly small) have no access to markets of capital leveraging and there are serious problems with liquidity. Such banks reckon on that they will manage to get definite amount of liabilities and the situation will become quite favorable. It can help save amount of deposits and wait until credit money becomes cheaper. Otherwise these credit organizations can lose their business and fail to discharge their obligations. In other words obligations to return deposits will be imposed on Deposit Insurance Agency in case bank is a member of deposit insurance system. Large banks despite the tendency to increase amount of deposits are not interested in high interest rates. "Today we face deficit and growing market value of ruble resources, so interest rates on deposits in the amount of 18% reflect real conditions for attraction of money in the external capital market. By the way income from the deposit with interest rate up to 18% is not taxed so one can say so that this level of interest rates was defined by the state," - concludes Elena Novikova, managing director of retail passive and commission products of Absolyut Bank According to Yuri Zaitsev, analyst at investment company Aton, further growth of interest rates on deposits is unlikely as they are high enough. "But it can occur in case macroeconomic environment worsens (inflation growth, growth of interest rates on interbank credits, problems with liquidity of the banking system). We don’t see prerequisites for further growth of interest rates on deposits at the moment. Interest rates in the amount of 20% are not so reasonable. 17% interest rates must warn potential depositors while they don’t have economic background and carry risks of nonpayment both of interest rates and deposits themselves. Deposit Insurance Agency is concerning about high interest rates of some banks while it is against any critical situations with deposits. The Agency tried to raise insurance provisions for banks with maximally high interest rates. "Floating" indexes of provisions for funds were offered to be introduced. Provisions for the Agency are to be higher for organizations with interest rates. This initiative can quite possibly become actual in the near future. Artyem Krasnov