From April 1, PrivatBank has increased rates on hryvnia deposits for its customers, which is part of the bank's efforts to maintain the attractiveness of national currency savings. The updated rates will be applied to both new and existing deposits. The highest rates will reach 14% per annum for servicemen receiving targeted state payments through PrivatBank.
According to the information provided by the bank, new deposit rates are as follows:
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For deposits for 10-12 months, the rate will be 13% per annum, which is an increase in the current 10%.
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For deposits for 6-9 months the rate will be 10% (formerly 9%).
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Deposits for 4-5 months will receive a rate of 12% per annum, which is also an increase compared to 11% earlier.
PrivatBank also set the highest rate of 14% per annum for servicemen who receive targeted state payments through a special contribution to "Glory to Heroes". Previously, the rate on this contribution was 13.5%. This decision of the bank is aimed at supporting the military who play an important role in ensuring the security of the country.
PrivatBank notes that raising rates is a response to the efforts of the National Bank of Ukraine to support hryvnia savings and raising the discount rate. Increasing deposit rates will allow PrivatBank customers to receive additional protection of their savings against inflation. The high interest rate helps to maintain the real value of savings, which is an important aspect in the face of an unstable economic situation.
PrivatBank remains one of Ukraine's largest banks, serving more than 18 million clients. According to the results of 2024, the amount of funds on the bank's accounts increased by more than 10%. More than half a million citizens have term deposits totaling UAH 81 billion. The total deposit portfolio of the bank exceeds UAH 440 billion, and as of January 1, 2025, PrivatBank has 36% of the deposit market and 19.4% in the market deposits.
This step in PrivatBank is also associated with raising the discount rate by the National Bank of Ukraine from 14.5% to 15.5% in early March 2025. The NBU has made this decision due to inflation, and now the banks of the country have to adapt their interest policy to new conditions. In addition, from April 4, the NBU increases the spread between the discount rate and rates at three -month deposit certificates per 1 pp, which stimulates the increase in interest rates on fixed -term deposits.
PrivatBank actively responds to changes in the economic environment, facilitating the preservation of the purchasing power of its customers by raising deposit rates. The Bank also supports general economic initiatives aimed at reducing inflation pressure and increasing the attractiveness of hryvnia savings.
Increasing deposits in Privatbank from April 1, 2025 is an important event for the bank's clients and the country's economy as a whole. This will allow Ukrainians to obtain more protection of their savings from inflation and provide additional opportunities for investing in UAH. The special contribution for the Glory to Heroes also emphasizes the importance of supporting the country's defenders.
