• 13/06/2024 04:06

Banks have lowered deposit rates: you can deposit pennies for any amount of money

In the month of 2023, the average bank rates for new deposits in the hryvnia for the population it became 11, 2% river, which is 0.1 p.p. lower, the previous month.

This is reported by RBC-Ukraine based on operational data from the National Bank of Ukraine (NBU).

Rates for new deposits for the population in the currency decreased by 1.0%.

The deposit portfolio of banks for the population increased by 1.6% to 1.096 trillion hryvnias and surpassed the level of the cob (1.078 trillion hryvnias).

Enter the NBU

It seems that the NBU is actively promoting access to the increase in hryvnia deposits from banks. One of the goals is to try to achieve less profitable purchases of dollars and stabilization in the foreign exchange market. The rate of interest on deposits, as before, exceeds the level of reported inflation (8.2%).

NBU Entries

It seems likely that the NBU is actively promoting the increase in hryvnia deposits with banks. One of the goals is to try to achieve less profitable purchases of dollars and stabilization in the foreign exchange market. The rate of interest on deposits, as before, exceeded the level of current inflation (8.2%).

The National Bank of Ukraine has reduced the tax rate to 13.5%. It contains the rate for certificates of deposit, for which banks place money from the NBU, obtained from the population. The NBU has reduced the rate for three-month deposit certificates to 16.5%. This will lead to a reduction in interest rates on deposits.

According to NBU data, in the financial year 2024, all Ukrainian banks may experience a reduction in the yield of deposits for the population.

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