Switch contrast
Accessible version Standard version

Recommended interest rates on bank deposits


In accordance with Resolution of the Board of Directors of Kazakhstan Deposit Insurance Fund JSC (No 21 dated 23/11/2018), the maximum interest rates for newly accepted bank deposits of individuals (as recommended by KDIF) and maximum floating rate spreads for national currency deposits commencing 1 January, 2019 remain as follows:

The Maximum Annual Fixed Interest Rate, %
  Fixed interest deposit category Market interest rate Spread The Maximum Annual Fixed Interest Rate The value of the right to replenish

The Maximum Annual
Fixed Interest Rate taking into account the value of the right of replenishment **

  (1) (2) (3) (4) = (2) + (3) (5) (6) = (4) – (5)

1

Deposits denominated in national currency

         
1.1. Non-time deposits***     10,50%   10,50%
1.2. Time deposits:          
  3 month 9,50% 1,50% 11,00%   11,00%
  6 month 10,30% 1,50% 11,80% 0,80% 11,00%
  12 month 11,30% 0,70% 12,00% 1,00% 11,00%
  24 month 11,00% 1,50% 12,50% 2,00% 10,50%
1.3. Savings deposits          
  3 month 9,50% 2,50% 12,00%   12,00%
  6 month 10,30% 2,50% 12,80% 0,80% 12,00%
  12 month 11,30% 1,70% 13,00% 1,00% 12,00%
  24 month 11,00% 2,50% 13,50% 2,00% 11,50%
2. Deposits denominated in foreign currency     1,00%   1,00%

 

The established interest rates are subject to review by the KDIF Board of Directors in the event of rapid shifts in deposit market conditions.

The maximum spreads on deposits in national currency with a floating interest rate are set in the following amount:

Maximum spreads on deposits in national currency with floating interest rate,%
  Basic indicator * Spread,%
1 Base rate of NBK 1,00%
2 The rate of inflation 2,00%
3 TONIA 1,00%
4 TWINA 1,00%

 

will be put into effect from the moment of coming into force of the normative legal act of the National Bank of the Republic of Kazakhstan regulating the procedure for calculating the floating interest rate

In accordance with the Law of the Republic of Kazakhstan dated July 2, 2018 No. 168-VI "On amendments and additions to some legislative acts of the Republic of Kazakhstan on currency regulation and currency control, risk-based supervision of financial organizations, protection of consumer rights of financial services and improvement of the activity of the National Bank of Kazakhstan", the amount of interest rates for a demand deposit is established by the bank deposit agreement within the limit of 0.1% per annum, while no interest shall be paid for use of monetary funds allocated with current bank account.

  • Historical recommended interest rates on newly attracted deposits of individuals
    Validity Period Tenge Foreign Currency
    01/07/2018 – 01/10/2018 12% 1%
    01/12/2017 – 30/06/2018 14% 1%
    01/07/2017 – 30/11/2017 14% 1.5%
    01/01/2017 – 30/06/2017 14% 2%
    01/07/2016 – 31/12/2016 14% 2%
    01/02/2016 – 01/07/2016 14% 2%
    01/07/2015 – 31/01/2016 10% 3%
    01/01/2015 – 30/06/2015 10% 3%
    01/04/2014 – 31/12/2014 - 4%
    01/03/2014 – 31/12/2014 10% -
    01/11/2013 – 31/03/2014 - 4,5%
    01/11/2013 – 28/02/2014 9% -
    01/07/2013 – 31/10/2013 9% 5,5%
    01/01/2013 – 30/06/2013 9% 5,5%
    01/07/2012 – 31/12/2012 9% 6%
    01/04/2010 – 30/06/2012 10% 7%
    21/09/2009 – 31/03/2010 11,5% 8%
    16/02/2009 – 20/09/2009 13,5% 8%
    01/07/2008 – 15/02/2009 13,5% 10%
Our specialists will contact you shortly
We have received your inquiry. Thank you!
Our specialist will contact you shortly!