VTB (Kazakhstan) raises deposit rates to 17.5% p.y.


VTB (Kazakhstan) is improving deposit terms for population in tenge by increasing the yield on them by 1.5 p.p. For the deposit "Comfortable" the maximum rate will be 15.5%, "Profitable" - 17.5%.
The “Comfortable” deposit is one of the bank's most popular deposits and allows customers to make deposits and withdrawals at any time up to a minimum balance. The maximum interest rate on the deposit is 15.5% per year. The deposit can be opened from KZT 1 thousand for 6 to 36 months.

The bank has improved the terms and conditions of the "Profitable" deposit for individuals who want to deposit funds for a long term with maximum benefit. The basic yield on it, taking into account interest capitalisation, is 17.5% per year. The deposit does not provide partial withdrawals and replenishments. The minimum opening amount is 100 thousand tenge for a term of 3 to 36 months.  

"Savings in tenge remain the most popular risk-free instrument for our customers to maximise their profitability. Demand for deposits continues to rise amid high base rate, following which most Kazakhstan banks have adjusted their deposit terms. We also improved parameters on two most popular deposits, which VTB (Kazakhstan) depositors open for a period of 6 months to 1 year. Such an offer of the bank allows you to take advantage of favourable conditions with an interest rate higher than the average rate on the market", - commented Stanislav Kozyakov, director of retail business department of VTB Bank (Kazakhstan).

You can open a deposit at a bank branch or via remote channels - the VTB KZ Online mobile app.