monobank депозит 12-24 міс.

Intro

monobank's 12-24 month deposit is for those who want to place their hryvnia savings for a longer term and get the highest rate among this bank's deposit lineup. This term suits people who know for certain they won't need these funds for the next year or two and are willing to “lock in” the sum for a higher rate rather than keep it in a shorter deposit or a regular card.

monobank is a neobank with no physical branches, so all deposit operations, from opening to tracking the term, happen through the mobile app. For people already used to managing finances from their phone and who don't want to deal with paper contracts at a teller window, this is an extra plus beyond the rate itself.

Interest rate

The hryvnia deposit rate is 16% annually — the highest rate in monobank's term deposit lineup, and it's precisely the long placement term (12-24 months) that gives this advantage over the bank's shorter deposits.

The deposit is also available in foreign currency, but the rates there are substantially lower: 1.7% annually in US dollars and 0.7% annually in euros. The difference reflects the general logic of Ukraine's currency market: banks aren't interested in attracting foreign-currency liquidity at a high rate, while hryvnia deposits remain the bank's primary instrument and are therefore priced far more generously. If the goal is actually to earn on interest rather than just protect currency from hryvnia devaluation, the hryvnia option is unambiguously more advantageous.

Terms and fees

The placement term is 12 to 24 months, depending on the specific period the customer selects when opening the deposit. The exact minimum deposit amount isn't fixed as a single figure on the bank's site and depends on the currency and terms in effect at the time of opening, so it's worth checking the current minimum directly in the monobank app before applying.

The deposit can be opened several ways: from a monobank card, by bank transfer from an account at another bank, or in cash at partner bank branches. The bank also states it compensates for possible costs related to transferring funds into the deposit, which lowers the “hidden” barrier for those topping up from another bank's account.

Since this is a term deposit with a fixed period, early withdrawal typically means losing part or all of the interest accrued up to the point of early closure — standard practice for term deposits, and it's worth confirming the exact early-termination terms in the app or with support before opening.

As with individual deposits at most Ukrainian banks, funds in a monobank deposit are covered by the Deposit Guarantee Fund for individuals — the exact guaranteed amount is worth checking on the Fund's website or in the bank's app, since the legally set limit is periodically revised.

Pros and cons

Pros:

• The highest rate in monobank's hryvnia deposit lineup — 16% annually
• Can be opened fully remotely, with no branch visit
• Several top-up methods, including compensation for transfer costs
• Available in three currencies — UAH, USD, EUR

Cons:

• Long “lock-in” period — 12-24 months
• Foreign-currency rates (USD, EUR) are much lower than the hryvnia rate and unattractive as an earning instrument
• The exact minimum deposit amount isn't explicitly stated and needs confirming in the app
• Early withdrawal likely means losing part of the accrued interest

Summary

monobank's 12-24 month deposit is a logical choice for those who've built up a hryvnia “cushion” they definitely won't touch for the next year or two and want the maximum rate in the bank's lineup for it. For currency savings, this product is less interesting: the dollar and euro rates here are more symbolic, and if the goal is actual profitability, it's better to keep the currency's hryvnia equivalent in this deposit rather than the currency itself. Before opening, it's worth confirming the exact minimum amount and early-closure terms in the app, so the long placement term doesn't become an unpleasant surprise in a force-majeure situation. If more flexibility is needed, or funds might be needed sooner than a year, consider the shorter deposits in the same lineup — 3-5, 6-8 or 9-11 months — at rates only slightly below the maximum.