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Kazakhstani depositors turn to high-yield accounts as rates climb

In July 2026, retail deposits in Kazakhstani banks grew by 1.3%, with high-yield term and savings accounts accounting for 74% of all new tenge deposits.

In July, the average interest rate on newly placed funds stood at 19.2% per annum for term deposits and 20.1% per annum for savings accounts with 3–6 month maturities. At the same time, the Agency for Regulation and Development of the Financial Market approved uniform requirements for bank contract terms, mandating the disclosure of 14 key deposit parameters both in bank branches and across online mobile apps.

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