VTB (Kazakhstan) increases deposit rates up to 18.3%


VTB (Kazakhstan) increased the profitability on KZT deposits for individuals by 0.8 p.p. On the Comfortable deposit, the rate will be 16.3% per annum, on the Profitable deposit – 18.3%. Thus, the bank recorded the highest return on savings this year.

The "Comfortable" deposit is one of the most popular among the Bank's individual clients. The deposit can be replenished and withdrawn at any time within the minimum balance of KZT 1 thousand. The term of the deposit is 6 to 36 months.

The “Profitable” deposit is designed for clients who plan to place funds for a long period with maximum profitability. Partial withdrawal and replenishment of the product is not provided. The minimum opening amount is KZT 100 thousand for a period 3 to 36 months.

“The most reliable savings instrument this year remains the classic deposit, which implies an optimal balance of profitability and liquidity. VTB (Kazakhstan) this year has repeatedly improved conditions for its savings products. In December, following the revision of the maximum rate of the Kazakhstan Deposit Guarantee Fund (KDGF), we also adjusted our parameters for deposits. Today, the rates on them are at historically high values and our clients have a good opportunity to fix them for a comfortable period. They can get the maximum benefit, taking into account capitalization, within the framework of a three-year deposit,” commented Stanislav Koziakov, Director of the Retail Business Department at VTB Bank (Kazakhstan).

A deposit can be opened both in bank branches and via the remote channels – in mobile application of VTB KZ Online.