Over the last week the average interest rates on Bank deposits in the national currency decreased slightly. Rates for deposits in dollars and Euro have not changed. This is evidenced by the review* current Deposit programs in banks of Ukraine, LigaBusinessInform held (at 20.11.2017, see Table 1). Reduced rates for hryvnia savings Bank and a chord. FUIB increased rates for hryvnia deposits.

Table 1. Average interest rates on deposits for 20.11.17

Currency

indefinite

up to a month

from 1 to 3

months

from 3 to 6

months

from 6 to 12

months

12 months

UAH

To 7.79%

8,15%

Of 9.43%

11,64%

12,13%

12,27%

USD

Of 1.02%

0,99%

Of 1.35%

2,17%

Of 2.79%

3,13%

EUR

0,67%

0,62%

0,89%

1,43%

Of 1.93%

2,32%

According to monitoring data, the average interest rate in local currency grew on deposits for the period from 6 to 12 months (by 0.01 p. p. to 12.13%). Depreciated deposits with a maturity over 12 months (by 0.02 p. p. to 12.27%). And perpetual savings have dropped in price by 0.01 percentage points to 7.79% per annum. Deposits for the period up to 1 month still offer 8,15% per annum. The yield of deposits for a period of 3 to 6 months 1.64% per annum and 1 to 3 months – of 9.43% per annum.

The average interest rate in USD for demand savings is 1.02% per annum. The cost of deposits for the period up to 1 month also unchanged and is of 0.99% per annum. Deposits from 1 to 3 months offering of 1.35% per annum. The yield of deposits for a period of 3 to 6 months stands at 2.17% per annum, and from 6 to 12 months of 2.79% per annum. The cost of deposits for the period longer than 12 months was 3.13% per annum.

The average interest rate in Euro for demand savings is 0.67% per annum. Deposits period up to 1 month still offer of 0.62% per annum. The cost of deposits for the term from 1 to 3 months is of 0.89% per annum, and from 3 to 6 months of 1.43% per annum. The yield of deposits for the period from 6 to 12 months is 1.93% per annum. Savings for a period greater than 12 months offer of 2.32% per annum.

The graph below shows dynamics of average interest rates for deposits of all periods for each currency over the past three weeks.

*Review based on data for 141 Deposit program
31 Ukrainian Bank, last updated 20.11.17




Rates on foreign currency deposits are in place 20.11.2017

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