Over the past few weeks, average deposit rates have not changed significantly. While the hryvnia deposits became a little more profitable, deposit rates in all types of foreign currency showed a slight decrease.
The average rate reduction rate was 0.07%. The most attractive conditions are offered by Megabank. The average rate when placing a deposit in US dollars for 12 months is 4.77%. Having put his money in a currency for 6 months on deposit, the depositor will be able to count on 4.15%.
The second place by profitability of deposits in dollars is occupied by Ukrgasbank. This is 4.66% and 3.41% when making a deposit for a year and for six months, respectively. In third place is Procreditbank. It gives 4.5% on deposits in US dollars for 12 months.
If we talk about deposits in euros, then the most favorable conditions in Ukrgasbank. The average rate for 12 months is 4.83%. The second place goes to Globus Bank (4%), and the third – to Megabank (3.77%).
Reliable banks with foreign capital offer low interest rates in both US dollars and euros. Indicators for deposits for a period of one year are 0.01% (OTP), 0.58% (Kredobank) in euros, 0.01% (Credit Agricole, Raiffeisenbank), 0.25% (OTP) in US dollars.
According to surveys of depositors, 25% express confidence in Privatbank. In second place – the state Oschadbank, in third – Megabank. At the same time, the level of general trust in banks is increasing. If in the last quarter the respondent would have agreed to open a deposit account in the bank for an amount exceeding UAH 200,000 guaranteed by the state, 12% of the respondents answered in the affirmative, but now their number has increased to 15.5%.
When choosing a banking institution to place a deposit in foreign currency, you should familiarize yourself with bank stability ratings:
- Raiffeisen Bank Aval;
- UkrSibbank;
- Credit Agricole Bank.
This is an assessment based on information from open sources based on the results of the second quarter of 2020. It takes into account liquidity and asset quality, as well as the ability to support institutions from other financial institutions from the outside.