The key facts

  • Five banks with high rates: ANOR BANK (22%), Tayanchbank (21%), AVO bank (20.5–22%), POYTAXT BANK (20%), Garant Bank (20%).
  • Rates have declined over the year: mass-market offers fell from 20–21% to 18–20% per annum.
  • Interest capitalization is available only at AVO Bank; early withdrawal terms vary widely — from 0% to keeping the base rate.

Rates on the market continue to decline

According to Spot.uz, rates on sum deposits have declined noticeably over the past year. In February 2025 the maximum rate reached 26% per annum, in April after a decline — 23%, by January 2026 — 22%. In spring 2026 rates recovered somewhat: in April the maximum yield reached 23.5%, in August — 23%. The mass-market level also declined: while in August 2025 most banks offered 20–21% per annum, in August 2026 the bulk of offers were in the 18–20% range. The gap between the maximum and mass-market rate has narrowed.

Five offers with high rates

Spot.uz highlighted the five most advantageous deposits in the national currency for October 2026. ANOR BANK offers 22% per annum for 3 months (minimum 1 million sums, no top-ups or withdrawals, early closure rate 16%, maximum 500 million sums, online opening). Tayanchbank — 21% for 24 months (minimum 100 thousand sums, top-ups online from 1,000 sums and offline from 100 thousand, withdrawals with a minimum balance of 100 thousand, early closure rate 16%, maximum 200 million sums). AVO bank — 20.5–22% for 12 months (minimum 1,000 sums, top-ups and withdrawals available, interest capitalization, early closure rate 20.5%). POYTAXT BANK — 20% for 24 months (minimum 1 million sums, no top-ups or withdrawals, maximum 1 billion sums; early closure: up to 6 months — 0%, up to 12 months — 10%, up to 18 months — 15%, over 18 months — 20%). Garant Bank — 20% for 555 days (minimum 10 thousand sums, top-ups during the first 333 days, no withdrawals, early closure rate 20%).

Why banks offer high rates

According to the publication, a high rate may indicate that a bank needs to attract customer funds more actively; the rate is also affected by competition between banks and the situation on the financial market. Elevated yields may come with restrictions on withdrawals or top-ups, and upon early closure the bank may recalculate interest at a reduced rate. At the same time, the rates in the review cannot be called abnormally high: in themselves they do not indicate financial problems at a bank, although in some cases banks with difficulties attracting funds may offer higher rates. The highest rates on the market are 20–22% per annum — 2–3 percentage points above the average level. Among such offers, deposits of a year or longer are more common.

Capitalization and early closure

The stated rate and the actual yield may differ. With regular monthly payment of interest to a separate account, it does not increase the deposit amount. Capitalization allows interest to be automatically added to the deposit, increasing the final yield: among the offers reviewed, it is available only at AVO Bank, where with a base rate of 20.05% per annum the final yield can reach 22%. A similar effect can also be achieved independently by returning paid interest to the deposit, if the terms allow top-ups. Early closure terms are a key parameter: at POYTAXT BANK, closing within the first six months yields a rate of 0%, reaching 20% only after 18 months; at Tayanchbank and ANOR BANK it drops to 16%; at Garant Bank it remains at 20%, at AVO Bank — at 20.5%. The greater the difference between the main and early-closure rate, the greater the potential loss of income. Spot.uz notes that the information is current as of the publication date and recommends contacting the bank for exact data.