INTEREST RATE:
up to 17%
per annum
DEPOSIT PERIOD:
up to 24 month
with prolongation
option
- You can withdraw and replenish the deposit without losing interest
You can attach the deposit amount to foreign currencies
You know in what loan and on the security of what your money works
The cost of capital real estate in a mortgage is more than 2 times the value of deposits
| Duration (months) | With interest payment at the end of the term % | With monthly interest payment % | With quarterly interest payment % |
|---|---|---|---|
| 3 months. | 15% | – | – |
| 6 months. | 11% | 10% | – |
| 9 months. | 12% | 11% | – |
| 13 months. | 15% * | 13.5% | 14.5% |
| 18 months. | 16% | – | – |
| 24 months. | 17% | – | – |
* — partial withdrawal up to 30% is allowed without loss of accrued interest. Deposit replenishment without limits.
| Duration (months) | With interest payment at the end of the term % |
|---|---|
| 6 months. | 3% |
| 13 months. | 5% |
Favorable deposit rates
Profitable deposits allow everyone who has personal savings to quickly improve their financial situation. He only needs to compare offers from banks that are presented in the domestic financial market, and also decide on the currency of the deposit.
The rates on Kyiv deposits will differ significantly depending on whether the account is opened in hryvnia or dollars. The high interest rate of the hryvnia deposit makes it an ideal choice for those who wish to use the deposit to earn money. If you need to exclude inflationary risks that affect the hryvnia, then you should use a dollar deposit. You also need to remember that deposit rates are in direct proportion to the size of the deposit and the term of its placement.
Opening a bank account to place a deposit
A prerequisite for any client who wants to receive their own deposit is the presence of a bank account. This will require a minimum set of documents that confirm the identity of the new client. At the same time, special haste in such matters is not welcomed. First of all, study the deposit rates to find a suitable option.
A careful study of the information on deposits may turn out that the offer of a banking institution was not as attractive as it might initially seem. Kiev deposit rates will be the highest if the client does not have the opportunity to withdraw funds early. Also, on deposits with a long term placement, banks can offer a more favorable interest rate. Pay attention to what needs the bank seeks to satisfy using deposits. For example, if he urgently needs a hryvnia to restore liquidity, then a deposit in this currency will be the most profitable. When focusing on the dollar, the bank can offer favorable conditions for opening an account in foreign currency.
Deposit rates may be revised over time to adjust them to current market conditions. Such an item will definitely be spelled out in the contract. If you do not want the deposit rate to change during the use of the deposit, you should choose the offers where the bank’s refusal to change the interest rate is stated.
If the depositor opens a deposit for a long term, then the bank can adjust the rates on Kiev deposits every 12 months. It is important to note that the rate will not necessarily decrease. With a positive market situation, it will increase, but this happens less often.
A situation should be foreseen in advance when the deposit needs to be withdrawn before the deadline. Of course, most clients expect that they will be able to get the necessary profit by fulfilling all the conditions of the bank, but situations happen that do not depend on our decisions. In this case, the rates on deposits for deposits with early withdrawal will be significantly lower, but you can return your savings at any time.
There are also reverse situations. For example, the term of the contract has expired, but the client does not have the opportunity to contact the bank and receive his own money. In this case, deposit rates for the period while the amount is kept in the bank are set at a minimum level of 1-2 percent. Another situation can be envisaged so that after the completion of one deposit, a new one is automatically opened. Then the rates on deposits will be more attractive, but funds will again be unavailable until the end of the contract. Our specialists are always ready to offer you their services in order to find suitable conditions for opening a deposit.
* The main amount of the deposit is pegged to the US dollar rate.
