Deposit rates are falling in Kazakhstan: how much banks are offering now

Tengrinews.kz — Banks in Kazakhstan continue to revise deposit rates following the National Bank’s base rate cut. Nine banks changed their rates in October, with most lowering deposit yields. However, some financial institutions raised rates instead, according to the Kazakhstan Deposit Insurance Fund (KDIF). How the National Bank’s decision affected the deposit market On October 23, the National Bank cut the base rate by 0.5 percentage points, from 16.25 to 15.75 percent. This was the fourth consecutive reduction since June 2026...