Term deposits in Ukraine

✓ Pros

• ✓The highest rate in monobank's hryvnia deposit lineup — 16% annually
• ✓Fully remote setup with no branch visit
• ✓Several top-up methods with compensation for transfer costs
• ✓Available in three currencies — UAH, USD, EUR

✕ Cons

• ✕Long placement term — 12-24 months
• ✕Foreign-currency rates (USD, EUR) are much lower than the hryvnia rate
• ✕Minimum deposit amount isn't explicitly stated on the site
• ✕Early withdrawal likely reduces accrued interest

✓ Pros

• ✓High hryvnia rate — 15.9% annually, nearly the lineup's maximum
• ✓Moderate term (9-11 months) without a two-year lock-in
• ✓Fully remote setup with no branch visit
• ✓Can be opened in three currencies — UAH, USD, EUR

✕ Cons

• ✕Slightly lower rate than the lineup's longest deposit (12-24 months)
• ✕Foreign-currency rates (USD, EUR) are low and poorly suited for earning
• ✕Minimum deposit amount isn't explicitly stated on the site
• ✕Early withdrawal likely reduces accrued interest

✓ Pros

• ✓Competitive hryvnia rate for a short term — 15.7% annually
• ✓Moderately short term (6-8 months) — funds return sooner
• ✓Remote setup with no branch visit
• ✓Available in three currencies — UAH, USD, EUR

✕ Cons

• ✕Rate is lower than longer terms in the same lineup
• ✕Foreign-currency rates (USD, EUR) are low and poorly suited for earning
• ✕Minimum deposit amount isn't explicitly stated on the site
• ✕Early withdrawal likely reduces accrued interest

✓ Pros

• ✓The shortest term in the lineup — funds return in just 3-5 months
• ✓Hryvnia rate of 15.5% annually — competitive for such a short term
• ✓Fully remote setup with no branch visit
• ✓Flexibility for those planning to use funds soon

✕ Cons

• ✕The lowest rate among all terms in monobank's deposit lineup
• ✕Foreign-currency rates (USD, EUR) are symbolic — just 0.1% annually
• ✕Minimum deposit amount isn't explicitly stated on the site
• ✕Early withdrawal likely reduces accrued interest

✓ Pros

• ✓Ability to keep savings in dollars, diversifying the currency portfolio
• ✓Low entry threshold — from 100 dollars
• ✓Fixed rate for the whole year ahead
• ✓Simple product with no complex conditions in the base data

✕ Cons

• ✕1.5% annual rate is very low, real income is minimal
• ✕Funds are locked for a full year
• ✕Early termination most likely reduces the yield (terms should be confirmed)
• ✕No public information on interest capitalization

✓ Pros

• ✓Ability to diversify savings in euros
• ✓Accessible entry threshold — from 100 euros
• ✓Fixed rate for the whole year ahead
• ✓Simple product with no complex conditions in the base data

✕ Cons

• ✕0.5% annual rate is symbolic, providing practically no income
• ✕Funds are locked for a full year with no flexibility
• ✕Early termination most likely reduces the yield (terms should be confirmed)
• ✕No public data on interest capitalization

✓ Pros

• ✓Low entry threshold — from 500 UAH
• ✓Short term — funds return after just 3 months
• ✓Ability to react quickly to changing market rates
• ✓Minimal risk of locking money away for long

✕ Cons

• ✕Rate is lower than longer deposits at the same bank
• ✕No public data on interest capitalization
• ✕The hryvnia deposit offers no protection against devaluation
• ✕Income over such a short term is modest in hryvnia

✓ Pros

• ✓Entry threshold of just 500 UAH
• ✓Higher rate than the same bank's three-month deposit
• ✓Medium term — a balance between yield and flexibility
• ✓Lets you lock in a rate for half a year ahead

✕ Cons

• ✕Rate is lower than the same bank's one-year deposit
• ✕Funds are locked for 6 months
• ✕No public data on interest capitalization
• ✕The hryvnia instrument is exposed to inflation risk

✓ Pros

• ✓The highest rate among the PrivatBank hryvnia deposits reviewed — 14%
• ✓Accessible entry threshold — from 500 UAH
• ✓Fixed yield for the whole year ahead
• ✓A simple, straightforward product with no hidden conditions in the base data

✕ Cons

• ✕Funds are locked for a full year
• ✕Early termination most likely reduces the yield (terms should be confirmed)
• ✕Hryvnia savings over such a long term are vulnerable to inflation and devaluation
• ✕No public information on interest capitalization