"PrivatBank" raises deposit rates: up to 14% for military personnel

"PrivatBank" raises deposit rates: up to 14% for military personnel

The state-owned "PrivatBank" has announced an increase in rates for all major types of deposit accounts. The changes will take effect on April 1. The highest rate will apply to the "Glory to Heroes" deposits – it will be 14%.

This was reported by "PrivatBank" itself. They noted that the updated rates will apply to:

• new deposits;
• deposits that will be renewed for the corresponding term.

"PrivatBank" is increasing the return on deposits to safeguard the hryvnia savings for Ukrainians and make them even more attractive. Starting April 1, 2025, the bank is raising rates on all major types of deposit accounts. ...The new level of deposit rates will allow our clients to receive additional protection of their savings from inflation," the statement reads.

What will the new deposit rates at "PrivatBank" be?

• Deposits for a term of 10 to 12 months will yield 13% annual income.
• For a term of 6 to 9 months – 10% annually.
• "Short-term," 4-5 month deposits – 12% annually.
• For the "Glory to Heroes" deposits for military personnel who receive targeted payments from the state through "PrivatBank" – 14% annually.