ПриватБанк - Депозит USD 12 міс.

Intro

PrivatBank's 12-month US dollar deposit is for those who keep part of their savings in a hard currency and want at least a symbolic return while the money sits in the account. This isn't an earning instrument but a way to secure the currency portion of savings while getting a small return instead of zero.

Interest rate

The rate is 1.5% annually in US dollars. This is a typically low level for dollar deposits at Ukrainian banks - currency deposits traditionally yield far less than hryvnia ones, since the dollar itself is already a store of value. The interest accrual and payout schedule isn't detailed in public data, so it's worth confirming in the Privat24 app or at a branch before opening.

Terms and fees

The minimum opening amount is 100 US dollars, with no maximum. The placement term is fixed at 12 months. Early-termination terms should be checked on PrivatBank's official rates page, as the bank may adjust them.

Pros and cons

• 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

Summary

PrivatBank's one-year dollar deposit at 1.5% is primarily a preservation tool, not a way to grow capital. It suits those who've already decided to hold part of their savings in dollars and want some return for it, not those seeking high yield.