ПриватБанк - Депозит EUR 12 міс.

Intro

PrivatBank's 12-month euro deposit suits those who keep part of their savings in the European currency - for example, people who earn income in euros or plan expenses in that currency - and want at least some return while the money sits in the account, rather than holding it with no income at all.

Interest rate

The rate is 0.5% annually in euros. This is very low, typical of euro deposits at Ukrainian banks: like the dollar, the euro is viewed primarily as a store of value rather than an earning instrument, so rates on such deposits are traditionally symbolic. The interest accrual and payout schedule isn't detailed in public data - worth confirming in the Privat24 app or at a branch before opening.

Terms and fees

The minimum opening amount is 100 euros, with no maximum. The placement term is fixed at 12 months. Early-termination terms should be checked on PrivatBank's official rates page, as they can change.

Pros and cons

• 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

Summary

A one-year euro deposit at 0.5% is a tool for preserving currency, not for earning: the annual return is so small it doesn't even offset symbolic inflation. It only makes sense for those who already hold savings in euros and want some return instead of zero.