“After criticism from the NBU. PrivatBank has decided to raise deposits in hryvnia on March 24, 17:25 Share: PrivatBank raised rates on hryvnia deposits (photo: PrivatBank / Facebook) PrivatBank from April 1, 2025 increases rates on all major types of deposit deposits. They will be valid for new deposits and for those that continue for the appropriate time, the bank reported. “We support the National Bank’s efforts”, – WRITE ON: ua.news
PrivatBank raised the hryvnia deposits (photo: PrivatBank / Facebook)
PrivatBank has raised rates on all major types of deposit deposits since April 1, 2025. They will be valid for new deposits and for those that continue for the appropriate time, the bank reported.
“We support the efforts of the National Bank of Ukraine to increase the attractiveness of hryvnia savings for Ukrainians and increase the regulator discount rate. A new level of deposit rates will allow our clients to receive additional protection of savings against inflation, ”said Dmitry Musienko, a member of the PrivatBank Board on Retail Business, reported in the financial institution.
From now on, PrivatBank deposits will bring 13% annual income for a term of 10 to 12 months, for a term of 6 to 9 months – 10% per annum, and “short” 4–5 monthly deposits – 12% per annum.
In addition, PrivatBank introduced an interest rate of 14% per annum for deposits Glory to heroes for servicemen who receive targeted payments from the state through the bank.
As it was reported, the NBU has stated that individual banks continue to enjoy the uncompetitive benefits of concentration of excess liquidity, in particular due to uneven redistribution of significant social payments and salaries to the military.
“They refrain from viewing their own interest policy, ignoring the relevant NBU steps, which affects the extremely restrained pace of raising the level of deposit rates on the average banking system,” the National Bank noted.
Inflation in Ukraine in annual terms (February-2025 by February-2024) is 13.4%.
From March 7, the National Bank increased the discount rate from 14.5% to 15.5% per annum.
PrivatBank is used by more than 18 million Ukrainians. In 2024, funds in customer accounts have increased by more than 10%. PrivatBank deposits store more than 500 thousand Ukrainians at the fixed deposits of PrivatBank, a portfolio of term deposits of the bank today is UAH 81 billion in UAH equivalent, and the total deposit portfolio is over the equivalent of UAH 440 billion. One tenth bank depositor is a military.