Deposit conditions in Kiev
Bank deposits are used to protect their own savings from devaluation processes, as well as for the purpose of earning. In the first case, Kiev usually uses a foreign currency deposit, while high interest rates on hryvnia deposits will seriously improve its financial situation. Deposit conditions in Kiev continue to improve, which cannot but please bank customers. As statistics show, banks actively compete with each other for customers, so today it is quite profitable to place deposits. It is only necessary to carefully check the history of any bank before opening a deposit, as well as to evaluate its advantages in comparison with the programs of other institutions.
Promotional deposits in Kiev remain the most profitable, as many bank customers have already seen. The owners of savings usually choose short-term offers, which is facilitated by the political and economic uncertainty of the country. Term deposits are usually placed for a term of up to 6 months. Foreign currency for placing deposits has recently become less popular, especially when you consider that the rate on such a deposit will be lower than in the case of a hryvnia deposit.
Promotional deposits in Kiev allow you to get an even higher interest rate or other advantages that make placing a deposit profitable even in the current unstable situation. Dollar savings prevail among foreign currency deposits, and the euro is in second place. Classic deposits represent only 30-40 percent of deposits, depending on the bank. Most of the deposits are represented by funds on the client’s current account or bank card.
How to get a profitable deposit?
The most important parameter that is simply impossible to miss when choosing a suitable deposit is the interest rate. If you choose hryvnia deposits, then this parameter will be about 12-18 percent. For dollar deposits, it will be significantly lower and does not exceed 4-5 percent, and for euro rates are at the level of 1-2 percent. Conditions for deposits in Kiev may differ depending on which category of financial institutions the selected bank belongs to:
- with foreign capital;
- with Ukrainian capital;
- state bank.
Kiev deposit conditions in banks with foreign capital will be the least profitable for customers. This is due to the fact that such banks can be funded in parent companies, so they are not very interested in attracting customers through deposits. State-owned banks can offer about 15-16 percent, while the international interest rate does not rise above 13 percent. For currency in international banks, it is difficult to get conditions for deposits in Kiev better than 1 percent per annum.
The bank’s work leads to the fact that it constantly needs a certain currency, as evidenced by the change in conditions for opening deposits. Promotional deposits in Kiev usually apply to the currency that the bank is currently interested in. It can be either hryvnia, euro or dollar. The need for hryvnia suggests that the bank needs to replenish its liquidity in order to comply with the current regulations. Conditions for deposits in Kiev, in order to deposit money in Kiev, you can always study on our website before contacting the bank to open your own account. Our company prefers an individual approach in working with clients. We have many years of experience, which allows us to choose deposit conditions in Kiev that will fully meet your needs.