ПриватБанк - Конверти (ощадний рахунок)

PrivatBank's Konverty: what this product is

“Konverty” (Envelopes) is a savings account from PrivatBank, created for those who want to save money separately from their main card while keeping full access to the funds. It's a convenient option for building a “safety cushion” or saving toward a specific goal without opening a classic term deposit.

Interest rate

The rate is 14% annually in hryvnia (UAH). The account is maintained exclusively in the national currency.

Terms and fees

The minimum amount to open the account is symbolic - just 1 hryvnia, making the product accessible to practically anyone who wants to start saving.

The main advantage of “Konverty” is flexibility: the account allows deposits and withdrawals without losing accrued interest. This fundamentally differs from a classic deposit, where early withdrawal usually means losing part or all of the return.

Pros and cons

Below is a brief summary of the product's strengths and weaknesses.

Summary

PrivatBank's “Konverty” is a simple, accessible savings tool with a 14% annual rate and a minimal entry threshold of 1 UAH. The product's main value is the ability to freely deposit and withdraw funds without losing interest, making it a convenient alternative to a classic deposit for those who value flexible access to their savings.