Central Bank: Interest Rates on Soum Deposits Fell by Over 2% in a Year
The average yield on soum deposits at the end of September stood at 17.2%
Over the year, the rate decreased by 2.1%, and since the beginning of 2026, it has fallen by 1.7%.
For deposits with a term of up to one year, the average rate increased by 0.3% over the month, reaching 14.2%. However, over the year, it decreased by 3.4%. Long-term deposits, after an August decline, became more expensive, rising to 18.1%, but their yield over the year decreased by 1.7%.
For the population, the average rate on soum deposits was 18.4%—almost 3% lower than last year's level. Short-term deposits became more expensive by 0.7% over the month, reaching 15.6%, but the rate over the year fell by more than 5%. In the long-term segment, the yield was 18.8%: this is 0.1% lower than the August figure and 2.6% below the level of September last year.
The real yield on soum deposits, calculated taking into account inflation expectations, reached a new high of 8.9%. Over the month, it increased by 1%, and over the year, by 0.6%.
The average rate on deposits for legal entities dropped to 15% for the first time since April. The decrease over the month was 0.5%, and over the year, 2.1%. Corporate deposits with a term of up to one year were placed at an average of 13.3%, which is 2.7% lower than last year's level. For long-term accounts, the figure was 16.1%, having decreased by 1.6% over the year.
The real yield on business deposits remained at the previous month's level of 5.3%. The regulator linked this to changes in expected inflation; over the year, the figure increased by 0.4%.
The average rate on foreign currency deposits, after rising to 5.5%, returned to the July level of 4.4%. This was influenced by a nearly twofold decrease in the yield on short-term accounts, to 2.6%. Meanwhile, the rate on deposits with a term of more than one year increased to 5.7%.
For individuals, the yield on foreign currency deposits remained at the August level of 5.4%, having increased by 0.3% over the year. In the long-term segment, the rate rose to 5.8%.
The average yield on foreign currency deposits for businesses decreased to 2.8%, or by 2.3% compared to October of last year. Short-term accounts were offered at 2.5%, which is 3.1% lower than the previous month's figure. For long-term deposits, the rate was 4.4%, having decreased by 1.5%.
