BAKU, Azerbaijan, July 30
By Nargiz Sadikhova - Trend:
Kazakhstan Deposit Insurance Fund (KDIF) has revised the maximum recommended rates on tenge denominated deposits for September 2021, somewhat reducing them, Trend reports with reference to KDIF.
The interest rates on non-term deposits will be 9 percent for deposits both with replenishment and no replenishment rights.
Thus, interest rates on term deposits with replenishment right placed for three and six months will be 9 percent remaining at the level of August 2021, and for those without replenishment right it will be 9.8 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 (both remain at the level of Aug. 2021).
Furthermore, interest rates on savings deposits with replenishment right placed for three and six months will be 10.3 percent, whereas for those without replenishment right it will be 10.8 percent.
In turn, interest rates on savings deposits with replenishment right placed for 12 and 24 months will be 12.2 and 10.7 percent, whereas for those without replenishment right it will be 13.9 and 12.2 percent.
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