Falling interest rates on deposits have forced Ukrainians to pay attention to invest.com/investing-in-ukraine/business-opportunities/long-term-business/" rel="dofollow">long-term deposits, the yield of which may be higher than short-term. Some banks even offer warranties for 5-10 years, although Ukrainians, as practice shows, are in no hurry to deprive themselves of access to their savings for more than a year.
So which banks are more profitable?
The most advantageous offer in Universal Bank. The deposit line without the right of early return offers a rate of 9.5% per year for a period of 271 to 735 days. Conditionally for 9-24 months. By the way, Monobank operates on the basis of Universal Bank – there, the deposit rate is slightly higher for one year – 10%.
Alfa-Bank did not change the deposit rates and offered 8% per annum on deposits for 6 to 12 months and 9% per annum on guarantees lasting 18-24 months.
PUMB ranks third in terms of the profitability of deposit rates. One-year deposits provide 8.5% of annual income. For a shorter period – 8.2% (9 months), 8% (6 months) and 7.5% per year (3 months).
Guaranteed deposits
Currently, the state guarantees deposits of up to $7.434.84 from banks that are members of the DGF (Deposit guarantee fund for individuals). In the event of bankruptcy of the bank, depositors return all their money from the deposit, or at least 200 thousand, if the amount is higher.
