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16 November 2019

An overview of the most profitable foreign currency deposits in Uzbekistan

The online media Spot published an overview of the most profitable foreign currency deposits in Uzbekistan.

So, out of 30 banks operating in Uzbekistan, foreign currency deposits with different returns can be opened in 24 banks. At the same time, in two of them to open a deposit you need to have at least 1 000 USD.

On average, deposits in foreign currency are accepted for a period of six months to three years. The interest rate varies between 3% -7% per annum. Here is the list of banks offering best deposit terms.

Turkiston Bank

The rate is 7% per annum. The minimum deposit amount is 1 000 USD. Funds are allocated for 13 months. Interest is paid monthly.

Turonbank

The rate is 7%. Funds (at least 500 USD) are allocated for three years. At the same time, it is possible to replenish a deposit in the amount of 100 USD. If you close the deposit ahead of schedule, the interest rate will remain in case funds are kept on deposit for 13 months or more.

UzAgroExport Bank

The rate is 7%. The minimum down payment is 500 USD. The term of the deposit is 3 years; during this time, replenishment of the deposit is allowed. The accrued interest is paid in the deposit currency, and also at the request of the depositor – in the sum at the Central Bank rate.

Universalbank

The rate is 7%. A deposit for a year and a half can be opened only if the depositor has 1 000 USD. If it is closed early, interest is paid at the rate of 3% per annum. The bank offers another deposit with the same yield, but for a period of two years. In this case, the down payment amount is 500 USD. Additional contributions are accepted for this deposit over five months in the amount of at least 500 USD.

Hi-tech Bank

The rate is 7%. Funds for deposit are accepted for 13 months. Interest is paid in national currency.

Ziraat Bank Uzbekistan

The rate is 6.5% per annum. Since June 2019, the bank reduced the rate of the most profitable deposit by half a percent. The minimum amount has remained the same – 1 000 USD. For the first six months, additional funds are accepted for deposit. In case of early withdrawal of interest, interest is not paid.

Agrobank

The rate is 6%. A deposit with a conditional minimum deposit of 100 USD is drawn up for 1.5 years. You can also issue it through the AgrobankMobile Bank mobile application.

Funds are accepted not only in cash, but also from a VISA plastic card. Interest is also paid in cash and to the depositor’s card.

Trustbank

The rate is 6%. The minimum deposit must be 500 USD. A savings deposit opens for 25 months.

Hamkorbank

The rate is 6%. The size of the deposit must be at least 300 USD. The term is 18 months. If you close the deposit within three months – the percentage does not pay. If the depositor takes the money within 3-6 months, interest is calculated at the rate of 3% per annum, for 7-9 months – 4%, 10-14 months – 5%, for 15-18 months – in full.

Uzpromstroybank

The rate is 6%. The term of the deposit is 13 months. It will take at least 100 USD to complete it. Interest is paid monthly in national currency at the Central Bank rate.