...

Kazakhstan increases recommended rates on savings deposits

Finance Materials 1 July 2022 15:38 (UTC +04:00)
Kazakhstan increases recommended rates on savings deposits
Nargiz Sadikhova
Nargiz Sadikhova
Read more

BAKU, Azerbaijan, July 1. Kazakhstan Deposits Insurance Fund raised the maximum recommended rates on savings deposits for August 2022, Trend reports citing the Fund.

The interest rates on non-term deposits will be 13.5 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 13.5 percent, and for those without replenishment right it will be 14 percent.

Interest rates on term deposits with replenishment right placed for 12 and 24 months will be 13 and 9.2 percent respectively, whereas for those without replenishment right it will be 13.5 and 9.4 percent respectively.

Furthermore, interest rates on savings deposits with replenishment right placed for three and six months will be 14.5 percent, whereas for those without replenishment right it will be 15 percent.

In turn, interest rates on savings deposits with replenishment rights placed for 12 and 24 months will be 14 and 11.7 percent, whereas for those without replenishment rights it will be 15.2 and 12.5 percent.

---

Follow the author on Twitter: @nargiz_sadikh

Tags:
Latest

Latest