BAKU, Azerbaijan, Dec. 3
By Nargiz Sadikhova - Trend:
Kazakhstan Deposit Insurance Fund (KDIF) has revised the maximum recommended rates on tenge denominated deposits for January 2021, leaving them at the level of Dec. 2020, Trend reports with reference to KDIF.
Thus, interest rates on term deposits with replenishment right placed for three and six months will be 9 percent, whereas for those without replenishment right it will be 9.5 percent.
Interest rates on term deposits with replenishment right placed for 12 and 24 months will be 10.3 and 9.1 percent respectively, whereas for those without replenishment right it will be 10.7 and 9.4 percent respectively (decrease by 0.1 percent).
Furthermore, interest rates on savings deposits with replenishment right placed for three and six months will be 10 percent, whereas for those without replenishment right it will be 10.5 percent.
In turn, interest rates on savings deposits with replenishment right placed for 12 and 24 months will be 12.3 and 11.7 percent respectively, whereas for those without replenishment right it will be 14 and 13.2 percent respectively.
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