Tyumen Residents Amass Half a Trillion Rubles in Bank Savings
Interest rates allow Tyumen residents to save money and protect it from devaluation.
Residents of Tyumen Oblast continue to save money. Banking sector representatives told this to a 72.RU journalist. The lion«s share of savings is kept in rubles. More details are in our article.
With each year, the amount of money continues to grow.
How Much Money is in Accounts and Deposits?
The press service of the Bank of Russia«s branch in Tyumen Oblast told 72.RU that fixed-term bank deposits protect savings from devaluation.
«In conditions of high rates, residents of Tyumen Oblast have started saving more. Over the last two years, we see sufficiently high annual growth rates of funds in accounts and deposits — on average 23–25% per annum. At the beginning of December 2025, the volume of population funds in banks exceeded 503 billion rubles (about $5 billion at current rates), which is 23% more than a year earlier. Tyumen residents choose ruble deposits — 98% of savings they keep in rubles,» explained there.
Since June of last year, the Central Bank has begun gradually lowering the key rate, and following it, banks are also lowering deposit rates. Nevertheless, as noted in the Bank of Russia«s branch in Tyumen Oblast, rates still remain high and exceed the inflation level.
«Residents continue to open and replenish deposits. Over the last six months, population funds in banks have grown by 25 billion rubles (about $250 million at current rates), or by 5%. This is happening despite the decrease in profitability,» added there.
The press service of the Ural Bank of Sberbank says that the savings trend continues to persist.
«So far, we do not observe significant changes in client preferences. Overall, the savings trend continues to persist. In anticipation of further key rate reductions, residents of Tyumen Oblast strive to fix their savings at current rates, which remain sufficiently high. Also in demand is the line of deposits with rates tied to the key rate,» reported there.
The press service also noted that Tyumen residents choose deposits for 3–5 months, as the maximum interest rate applies to these terms.
According to Yevgeny Fedosov, head of VTB in Tyumen Oblast, the strengthening of the savings trend is linked to the growth of financial literacy and a very long period of high key rate.
According to him, even with the key rate lowered to 16%, loans still remain a very expensive pleasure. Therefore, he explains, large purchases for the most part have been postponed by Tyumen residents, and they continue to save while it is profitable, and with double-digit rates, passive income is substantial.
«Plus, in recent years, Tyumen residents have actively switched to cashless payments: they appreciated the comfort of such operations, reliability, and bank loyalty programs, and as a result, free cash has migrated to cashless reserves in accounts — they transfer them to deposits and savings accounts, in the banking app it takes seconds and provides additional income,» he added.
According to VTB, Tyumen residents lead in the Ural Federal District by average deposit amount, it is 1.5 million rubles (about $15,000 at current rates). By the savings account indicator, they are in the top-3: the average amount of their account is 140 thousand rubles (about $1,400 at current rates).
Savings accounts at VTB for Tyumen residents are more numerous than deposits: 185 thousand and 70 thousand respectively. But the amount of savings on deposits is 4 times larger than on savings accounts: 100 billion rubles (about $1 billion at current rates) and 27 billion rubles (about $270 million at current rates) respectively.
«We forecast further growth of the savings portfolio of Tyumen residents not only due to income from deposits, but also due to the inflow of new funds. According to our estimates, it will be about 11% in 2026 — this is practically at the level of 2025,» added Fedosov.
Earlier, we discussed with experts what awaits the Russian economy in 2026. Read their forecasts regarding the ruble, key rate, and incomes of Russians in the article at this link.
