Kazakhstan to Increase Maximum Deposit Interest Rate for Long-Term Savings

Kazakhstan's Deposit Insurance Fund (KDF) will raise the maximum interest rate for savings deposits exceeding 12 months from 1% to 2.5% starting October 1, 2026. This change applies to new or renewed deposits. The move supports the National Bank's de-dollarization policy, which has reduced dollar deposits from 80% to 19.2%.

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