Economics

Deposit rates announced for Jan 2022 in Kazakhstan

Photo: Kazpravda.kz/Adilbek Tauekelov
The Kazakhstan Deposit Insurance Fund (KDIF) approved the maximum recommended rates for deposits in tenge for January 2022, Kazpravda.kz reports.

The maximum interest rates on long-term deposits were kept at the level of December values in order to avoid a significant impact of the high concentration of deposits of individual banks in the segments of term deposits for 12 and 24 months and savings deposits for 24 months.

The maximum interest rates on savings deposits for 12 months remained at the level of 13.9% in order to maintain their attractiveness and public interest in long-term savings.

The maximum rates on non-fixed deposits are set at 9.5%.
16:11,2 December 2021
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