The interest rate on bank deposits is less than 5 percent

Therefore, reducing the cost of the bank reduces the interest rate of deposits by banks. In the continuation of the average deposit interest rate has dropped below five percent. This information was found in the latest report of the central bank.According to the data, the interest rate on average in the banking sector stood at 4.97 percent at the end of April. And the rate of debt stood at 9.66 percent.At the same time, the interest rate (spread) between banks' debt and deposits stands at 4.65 percent. A month ago, the average interest rate on the banking sector was 5.1 percent. The loan rate was 9.7 percent.Analysts found that interest rates on deposits decreased by 80 percent in the last one year and loan interest rates decreased by 1.2 percent. In the two years, the interest rate on deposits decreased by 2.77 percent and loan interest rates decreased to 2.66 percent.