monobank депозит 9-11 міс.

Intro

monobank's 9-11 month deposit is designed for customers who need a “middle” horizon for placing hryvnia savings — when the money definitely isn't needed for the next three to four quarters, but locking it in for two years isn't desirable either. It's a compromise between a short deposit of a few months and a long two-year one.

monobank operates as a neobank with no physical branches, so everything — from opening the deposit to checking terms and the maturity date — is done in the mobile app. For those already managing their finances by phone, this is a convenient bonus on top of the rate itself.

Interest rate

The hryvnia deposit rate is 15.9% annually — slightly below the bank's maximum lineup rate (which applies to the 12-24 month term), but still one of the highest among monobank's term deposits.

Foreign-currency rates are much more modest: 1.5% annually in US dollars and 0.6% annually in euros. As with other deposits in this lineup, the currency rates here serve more of a preservation function than an earning one — it isn't profitable for the bank to pay a high rate for currency liquidity, so the main focus should be on the hryvnia option if the goal is interest income.

Terms and fees

The placement term is 9 to 11 months depending on the period chosen at opening. The specific minimum deposit isn't fixed as a single figure on the bank's site and depends on the currency and current terms, so check the current minimum in the monobank app before opening.

The deposit can be topped up from a monobank card, by bank transfer from another bank, or in cash at partner branches; the bank states it compensates possible costs related to transferring funds into the deposit — this removes some of the friction when topping up from another bank's account.

This is a term deposit with a fixed period, so early closure generally means losing part or all of the interest accrued up to that point. Exact early-withdrawal terms should be confirmed directly in the app or with support before opening.

Funds in the deposit, like individual deposits at most Ukrainian banks, are covered by the Deposit Guarantee Fund for individuals. Check the exact guaranteed amount on the Fund's site or the bank's app, since the legal limit changes periodically.

Pros and cons

Pros:

• High hryvnia rate — 15.9% annually, nearly the lineup's maximum
• Moderate term (9-11 months) — no need to lock money away for two years
• 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 as an earning instrument
• Minimum deposit amount isn't explicitly stated and needs confirming in the app
• Early withdrawal likely reduces accrued interest

Summary

monobank's 9-11 month deposit is a good option for those who want a rate close to the lineup's maximum without locking funds away for a full two years. For hryvnia savings with a clear three-quarter horizon, this term looks well-balanced. The currency options here, as with the rest of the lineup, are more about preservation than income, so aim for the hryvnia rate if earning is the goal. Before opening, it's worth confirming the exact minimum amount and early-termination terms in the app. If the horizon is shorter (a few months) or, conversely, funds can be placed for two years for the maximum rate, compare other deposits in the same lineup — 3-5, 6-8, or 12-24 months.